In its latest report the Business of Cities, JLL has selected San Diego as the most business-friendly market in the state of California. As an organization in the San Diego area, we were thrilled to learn this news! The report analyzes the decisions of real estate investors, developers and occupiers. San Diego has fostered policies that help to attract these stakeholders and drive economic growth.
“It’s about fostering redevelopment to revitalize the city in a positive way through generating investor interest in development that makes economic sense and benefits the citizens with thoughtful community development,” Bob Hunt, managing director of public institutions at JLL, tells GlobeSt.com.
Civic San Diego, a city-run non-profit, is at the center of these policies. The non-profit was launched after the state dissolved redevelopment agencies. The organization helps real estate players with crucial aspects of the deal and development process to ease the burden of transacting in the market.
Civic San Diego has continued to expand, forming Civic San Diego Economic Growth and Neighborhood Investment Fund. These organizations certified the organization as a Community Development Entity.