The specialized manufacturing sector of the San Luis Obispo County economy accounts for 2.27 percent of the jobs in the area, but according to number from the Economic Vitality Corporation (EVC), those jobs come with an average pay-scale higher then most other industries — $65,855.
While relatively small, the sector is growing. The latest numbers show it grew seven percent from 2008 to 2014.
Ty Safreno, CEO and co-owner of Trust Automation, Inc., is the co-chair of EVC's Specialized Manufacturing Council.
The Colleges and Universities that dot the Central Coast do far more than create an educated populace, they also account for a major portion of the area’s economy.
A recent study took a look at one university in particular—Cal Poly in San Luis Obispo—and found when you tabulate all of the various economic interactions that institution, its students, faculty and staff have with the surrounding area, the sum of those accounts for 12 percent of the entire county’s economic output.
The upcoming 4th Annual TechPitch event is put on by the SLO HotHouse in partnership with Cal Poly and the greater San Luis Obispo community.
Mike Manchak, President and CEO for the Economic Vitality Corporation and Chelsea Brown, Media Coordinator with the Cal Poly Center for Innovation and Entrepreneurship, discuss the details with KCBX News Director Randol White.