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Economy of San Diego

Located in the coastal region of the state of California, the city of San Diego is California's second biggest city and United States' eighth. The city of San Diego is San Diego County's county seat the economic epicenter the metropolitan area of San Diego-Carlsbad-San Marcos. The Economy of San Diego is thriving and prosperous. Economy of San Diego provides a major boost to the economy of the state of California, as well as to the United States.

The major areas of the city of San Diego that contributes to the Economy of San Diego are the areas around Sorrento Valley and La Jolla.

Along with many other areas of the city of San Diego, California, these two regions, particularly adds value to the Economy of San Diego as they house several companies, especially in the field of biotechnology. Important companies in the field of biotechnology, like Nventa Biopharmaceuticals and Neurocrine Biosciences have their headquarters in the city of San Diego, California. Besides these two, there are offices and research centers of many other companies related to the field of pharmaceutical and biotech. Some noteworthy are Biogen Idec, BD Biosciences, Integrated DNA Technologies, Pfizer, Merck, Genzyme, Elan, Vertex and Celgene. Non-profit institutions of biotechnology like the Scripps Research Institute, Burnham Institute and the Salk Institute of Biological Studies, are also housed in the city of San Diego, California.

San Diego, California, was rated as one of the top most places in the sphere of biotechnology in the year 2004 by the Milken Institute. Moreover, the significant presence of several research institutes and especially the University of California, San Diego, gave a major fillip to the Economy of San Diego, California. Another significant fact responsible for the thriving Economy of San Diego is that it is a port city, having the important shipbuilding and submarine yards located on the region of West Coast. San Diego is boosted by the presence of major software companies too. Tourism too plays a big role.

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Industries in San Diego