POWAY-Mayor Mickey Cafagna paid homage to the South Poway Business Park, which he credits for sparking business growth that has helped make this North County city one of the region’s top places to live.

Cafagne, during his State of the City address Tuesday, said nearly 8,000 new jobs have been created over three years in the business park, which is now more than 80% built out.

Poway, one of San Diego County’s emerging industrial and R&D real estate markets, is home to 313 companies that occupy 5.8 million sf. Cafagne says those firms are now generating $1.2 million in sales tax each year, and that will increase if a proposed business-class hotel opens at the business park early next year.

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