Access to higher education for the city’s fastest-growing ethnic group, lower average wages paid by small business and a major lack of affordable housing are among the issues negatively affecting the region’s economic growth potential identified in a report released Thursday by the San Diego Regional Economic Development Corporation.
The rise of the innovation economy in San Diego has created wealth and opportunity across the region while contributing to a widening of economic inequality. If the region does not act to address these concerns, it will lose employees and employers to other areas, according to the report on economic inclusion commissioned by the EDC.
