San Diego Business News
Finance
Major Merger Between Two San Diego Credit Unions
News Summary San Diego County Credit Union and California Coast Credit Union have announced their plans to merge, creating a powerhouse with $13.5 billion in assets. This merger will retain...
California Coast Credit Union and SDCCU to Merge
News Summary California Coast Credit Union (Cal Coast) and San Diego County Credit Union (SDCCU) plan to merge, potentially creating a combined entity with nearly $13.5 billion in assets. This...
Transient Occupancy Tax Increase Planned for San Diego
News Summary San Diego is set to increase its transient occupancy tax (TOT) starting May 1, 2025. The current rate of 10.5% will rise to as much as 13.75% depending...
Construction
Hanwha Philly Shipyard Plans to Expand Operations
News Summary Hanwha Philly Shipyard, recently acquired for $100 million, is set to expand operations to meet rising demands for military and cargo ships. The shipyard aims to acquire more...
Philadelphia Launches H.O.M.E. Initiative to Combat Housing Crisis
News Summary Philadelphia is introducing the Housing Opportunities Made Easy (H.O.M.E.) initiative, aiming to build and preserve 30,000 homes with an $800 million investment. The proposal addresses the city’s pressing...
San Diego to Welcome New Novartis Research Hub Worth $1.1 Billion
News Summary San Diego is set to welcome a $1.1 billion research hub from Novartis, creating nearly 1,000 direct jobs and 4,000 additional jobs nationwide. This investment is part of...
Real Estate & Properties
Philadelphia Launches H.O.M.E. Initiative to Combat Housing Crisis
News Summary Philadelphia is introducing the Housing Opportunities Made Easy (H.O.M.E.) initiative, aiming to build and preserve 30,000 homes with an $800 million investment. The proposal addresses the city’s pressing...
Marketing
Spring Valley Plumbing Contractor Fined for Fraud
News Summary Daniela G. Birdwell, owner of GPS Plumbing in Spring Valley, was fined $1,030,062 for underreporting workers’ compensation payments. Following an audit by the State Fund, discrepancies in worker...
The Shipyard Expands to San Diego with New Headquarters
News Summary The Shipyard, a successful advertising agency, has officially opened its new headquarters in San Diego, California. Led by new managing partner Tammy Haughey, the agency aims to enhance...
