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COVID-19 COSTS SR78 CORRIDOR CITIES MORE THAN 36,000 JOBS

11/5/2020

 
Picture
Impacts heavily concentrated in hospitality and retail sectors
The San Diego North Economic Development Council released a report outlining economic impacts of COVID-19 on the SR 78 Corridor. The council estimates that compared to 1 year ago, employment has fallen in the five SR 78 cities (Oceanside, Vista, Carlsbad, San Marcos, Escondido) by an estimated 36,343 jobs.
Most of these impacts (66%) are concentrated within four industries: hospitality (-11,700), retailing (-5,000), arts and entertainment (-3,900) and education (-3.500).

The report also highlights recently reported declines in taxable sales along the Corridor, comparing the months of April, May and June 2020 with those same months in 2019. The impacts range from a 10% decline in Vista to more than 28% decline in Carlsbad.

Said W. Erik Bruvold, Chief Executive Officer of the San Diego North EDC, “It is clear from this data just how painful the pandemic has been and how these impacts are most acutely felt by certain segments of North County’s economy.” He went on to add, “Recovery plans need to focus efforts at thinking about how we help drive tourism and help retailers and restaurants survive and recover.”

Read the full report.

# # #

About the San Diego North Economic Development Council (SDNEDC).
The SDNEDC is the only economic development organization working exclusively in North County. A public-private partnership, its mission is to promote the area north of SR 56 for inward investment, working with existing employers to retain and expand employment and connecting businesses and educators to strengthen the area’s workforce pipeline. More information about the council can be found at www.sdnedc.org.

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Copyright © 2023 Oceanside Chamber of Commerce
928 N. Coast Highway | Oceanside, CA 92054
Tel 760-722-1534 
[email protected]
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Picture
  • Oceanside
    • About Oceanside >
      • History of Oceanside
      • Demographics
      • Arts and Culture
      • Education
      • Employment
      • Health Care
      • Religious Organizations
      • Local Government and Services
      • Retiring in Oceanside
      • Oceanside Maps
    • Visitor Information >
      • Beaches
      • Accommodations
      • Groups and Meeting
    • Things to Do >
      • Oceanside Events >
        • Downtown History Walks
        • Farmers Market
        • Sunset Market
      • Shopping >
        • Coupons
      • Dining
      • Surfing
      • Regional Attractions
    • Volunteer Opportunities
  • Business Directory
    • All Categories
    • Coupons
    • New Members
  • Media
    • Publications >
      • Advertising Your Business
      • Best of Oceanside Magazine
      • Military Publications
    • Member News
    • Blog
    • Advancing Oceanside Podcast
  • Chamber
    • Membership >
      • Member Portal
      • Application
      • Testimonials >
        • Digital Plaque - Oceanside Chamber Member
    • Advocacy >
      • Chamber Political Action Committee
      • Public Policy Guidelines
    • Our Work >
      • 2023 Annual Report
      • 2023 Strategic Priorities
      • Committees - Task Forces - Forums
    • Oceanside Young Professionals
    • Oceanside Leadership Academy
    • Workforce Development >
      • SOCAL Workforce
      • Pooled Employer Plan
      • Kindness
      • Frontline Friendly
    • Our Team >
      • Chamber Staff
    • Chamber Trip: Sights of Scotland
    • Privacy Policy
  • Events
    • Signature Chamber Events >
      • Meet the City of Oceanside
      • Armed Forces Day Operation Appreciation
      • Coastal Business Expo
      • North County Health Fair
      • Heroes of Oceanside and Camp Pendleton
      • Oceanside Senior Showcase
      • Rising Star Student Program
    • Monthly Chamber Events
    • Annual OCC Mixer Passs
    • Oceanside Community Events
  • Resources
    • Community Resources
    • Local Business Resources
    • Military Resources
    • Sustainability Resources