San Diego’s Healthcare, Defense Industries Ramp Up for 2019

Brian Starck

Healthcare and defense industries—two of San Diego’s biggest job sectors—are expected to expand in 2019, growing over an already strong 2018. For healthcare, the growth is largely driven by venture capital investment. This year, the healthcare industry saw record breaking venture capital investment. On the defense side, growth stems from an increased defense budget, which has in turn spurred job growth.

“San Diego has experienced record breaking venture capital pouring into the region in 2018,” Brian Starck, executive director at Cushman & Wakefield, tells GlobeSt.com. “As of October 2018, there were 64 rounds totaling $1.7 billion in funding in the Life Science market alone. A majority of these rounds secured consisted of startup and early stage companies who will continue to gain momentum with top tier talent, allowing San Diego to compete as one of the top biotech hubs in the country.”