WEEKLY NEWS
Get in the Know - january 23, 2023
Get in the Know - january 23, 2023
The South County Economic Development Council’s Annual Economic Summit gathers together over 500 business and community leaders, in addition to public officials, and is considered one of the premier business events in San Diego. The Annual Economic Summit offers a myriad of sponsor opportunities to highlight your business, draw attention to your services and increase your networking all while supporting South County Economic Development Council.
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Good afternoon,
San Diego County leaders.
As our state grapples with the extreme rainfall over the past few weeks,
our thoughts are with residents and businesses in areas hardest hit by
flooding. While San Diego County was spared the worst impacts, we know
that many people across California are struggling to recover from floodwaters
and mudflows that not only created untold property damage but also claimed
lives.
One of the questions that I get asked a lot is how this epic amount of
precipitation affects the drought and our water supplies.
On the issue of drought, the series of atmospheric rivers has had a positive
impact on water supplies following three very dry years. There’s extreme
snowfall in the Sierra, and reservoirs in Northern California have risen
dramatically.
In addition, the soils statewide have been saturated, helping to replenish
groundwater basins.
But the question of drought is complex. In fact, the science suggests
that the western United States is dealing with a long-term trend of hotter
and drier weather spanning decades, punctuated by shorter and more intense
wet periods like the one we are currently experiencing. With that in
mind, no single year of bountiful precipitation is an “end” to drought
– rather, good years buy us time to prepare for what’s likely to be many
more dry years in the future.
As for our water supplies, it’s important to remember that our region
has invested in diverse supply sources to weather multiple dry years.
That means the storms didn’t change our confidence about being able to
meet demands for 2023. That said, local rainfall does create a
major benefit by allowing every home and business to turn off their irrigation
systems and leave water in reservoirs for when it’s really needed.
So, after weeks of rain the bottom line remains the same: San Diego County
has enough water for foreseeable future, but we must continue to squeeze
the most out of each drop.
Sandra L. Kerl
General Manager
San Diego County Water Authority
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What can we expect from the economy this year? Economists, industry experts and business leaders gave their predictions during the 39th Annual Economic Roundtable.
The event was held Wednesday at the Joan B. Kroc Institute for Peace and Justice at the University of San Diego. The roundtable was put on by the County of San Diego, USD Knauss School of Business and the San Diego Workforce Partnership.
The opening speakers were Tim Keane, Dean of the USD Knauss School of Business, Jeff Light, Publisher and Editor in Chief of the San Diego Union-Tribune and Shannon Moran, COO & acting CEO of the San Diego Workforce Partnership. For more information please visit San Diego County website by clicking the button below.
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Do you have a Small Business in need of a loan?
Are you looking to acquire new equipment or
adding employees?
The California Competes Tax Credit (CCTC) and Grant Program (CCGP) are available to businesses that want to locate in California or stay and grow in California.
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