Around this time last year, the city of San Diego signed an Economic Development Assistance Agreement with Illumina, Inc. It was approved on August 7th as a “Consent Item” without pre-hearing noticing. The ten year deal included a promise to rebate $1.5 million in sales and use taxes in return for retaining “over 100 middle-wage manufacturing job opportunities” in San Diego.
SDFP editor Doug Porter wrote at the time Illumina is in the genomics business, and it is exactly the kind of company the city should be encouraging to put down roots and prosper here. This deal made by the Faulconer administration, however, is exactly the kind of governance the city doesn’t need.
So how is Illumina doing one year later? What has the public received in return for its largess? [Read more…]