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Military, Tourism, Innovation Are Key Traded Economies

SAN DIEGO-The new model for economic development and growth locally involves supporting three trade economies that keep money flowing into the region, say panelists at a recent NAIOP event.

By Carrie Rossenfeld | Updated on August 30, 2012

SAN DIEGO-Helping the traded economies of uniformed military, convention and tourism, and innovation will help the region’s economy as a whole survive and thrive, said panelists at this week’s NAIOP Lunch & Learn Series presentation titled, “A New Model for Economic Development in San Diego.” These three sectors that are unique to San Diego will help the local economy thrive and drive up the area’s gross regional product for today and the future.

“These economies—sometimes called clusters—all employ about the same number of people and are on the upswing of their growth potential,” said Duane Roth, CEO of CONNECT. “Our goal is to help people understand that as these economies grow, they’ll help other parts of the economy.”

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