The 27th annual San Diego Economic Roundtable was held on Friday. This forum brings together a distinguished panel of experts who provide their outlook for the local economy. Presenters provided predictions on 2011 and also discussed some of the longer term opportunities and challenges for San Diego. Following are a few highlights from the event, particularly those relating to sustainability.

The overall tone of the meeting was positive but guarded. The general sense is that the worst of the recession is behind us. Supporting this was the Index of Leading Economic Indicators reported at a +0.4% (December). Not wildly positive, but nevertheless, positive.

There seemed to be a general consensus that the San Diego unemployment rate will soon dip below 10% but will remain relatively high in the short term. At least one presenter predicted that we won’t return to full employment levels until 2015. One shocking statistic presented was the unemployment rate of 25% for veterans 18-25. There are groups working on this issue and hopefully it will be addressed sooner rather than later.

For those of us involved in sustainability, there was good news. Several of the presenters are forecasting that green tech, specifically bio fuels, will be one of the areas to see job growth in the region in the near future. These jobs not only bode well for the environment but also have a positive influence on the economy as they tend to have higher wages. Those who are in the business of bringing companies and jobs to San Diego are targeting this industry.

It was pointed out that the trend in the number of start-ups has been positive over the past three quarters. San Diego boasts 6000 innovation companies. One particular sector among start-ups that is growing fast is the Environmental Technology.

While there are many challenges facing the county, 2011 looks bright, particularly for those of us involved in sustainability.

You can find more information about the roundtable at www.CTN.org