San Diego Feels Neutral about Local Economy

Written by Amanda Williams

After distributing their monthly business survey, the San Diego Regional Chamber of Commerce found the results to be unchanging. The results highlighted the consistency of moderate confidence local businesses have in the San Diego economy.

In July, the economy took a slight decline from June-in June, the index was 14.9 whereas July dipped to 14.2. Overall, though, the long-term average was still held consistent and maintained an above zero status. On Wednesday, the chamber commented on the survey expressing the lack of surprise in terms of everything being consistent and reiterated the moderate confidence level within the business community. 

Another interesting aspect to the survey was businesses’ perspectives on homelessness. Results highlighted that the issue has progressively gotten worse with about 57 percent saying it has caused significant issues near their place of business. However, out of three homelessness programs-permanent housing with wrap-around services, temporary shelters, and safe parking sites-two thirds of the survey participators would be open to supporting one type with 29 percent saying they would support all three types.

Chamber President and CEO Jerry Sanders articulated his gratitude towards local business in their dedication to help the ongoing issue of homelessness in his statement on the survey results.

The survey was distributed beginning July 15 until July 31 by Competitive Edge Research and Communications. The survey ranged from the following Chambers of Commerce: Alpine, Coronado, Encinitas, Escondido, Lakeside, National City, Santee, and Vista. The results of the survey consisted of 201 randomly chosen responses from the listed Chambers of Commerce.

 

Photo by Markus Spiske