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Daily Business Report — April 4, 2011

High-Tech Start-up Rate Slows in San Diego


Monday, April 4, 2011

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“The rally in tech firm startups apparent in the previous quarters of 2010 appeared to have sputtered somewhat in the final quarter,” said Kelly Cunningham, economist and senior fellow at the National University System Institute for Policy Research. “Nevertheless the 84 start-ups during the fourth quarter were above the quarterly average observed over the past six years. As the U.S. economy is anticipated to slowly grow in 2011, tech start-ups in San Diego can be expected to increase so long as funding investment and growth opportunities are made apparent.”