Tuesday, October 21, 2014
YOLO COUNTY NEWS
99 CENTS

Rob White: Davis tech businesses are taking off

RobWhiteInnovateDavisW

By
From page A10 | September 07, 2014 |

Since starting at the city of Davis about 18 months ago, I have had the pleasure of leading the city’s efforts in economic development. In conducting that work, there has been special emphasis on support for entrepreneurs, innovation and technology businesses.

These most certainly are not the only businesses in Davis, but they are part of a strategy that will help us to diversify the economy and are traditionally underrepresented in our other business groups.

Having more technology jobs translates into career opportunities and typically higher disposable incomes. This in turn will help support our service businesses and retailers in downtown and other parts of the city. That in turn can create more sales tax revenue that can be used for community services like parks, pathways, open space and roadways.

There are many activities happening in Davis in the areas of innovation and technology, but I have found there are very few ways to effectively deliver this information to our community. To those ends, The Davis Enterprise has agreed to provide a forum for discussion of these topics in this weekly column.

My fellow contributor Doby Fleeman, co-owner of Davis Ace Hardware, and I will focus on news surrounding tech businesses, innovation originating from UC Davis and the many ways that a growing knowledge-based economy may help the city’s financial outcomes.

This is not a total accounting of all innovation or technology activities, and we certainly encourage you to contact us or post accordingly to draw our attention to events, actions or achievements that you think may have merit.

To kick off this inaugural week, I want to focus on two things: 1) some recent news from some of our local tech companies, and 2) provide you a very brief description of what the city’s actions are in helping to grow tech businesses.

First, there have been several announcements about tech businesses building new facilities in Davis or receiving substantial investments. Some of the names you likely will recognize, but some are new companies to Davis.

In April, BioConsortia Inc., a Davis agricultural biotechnology company, raised a $15 million round of funding from Khosla Ventures and Otter Capital, LLC.

Davis-based Arcadia Biosciences Inc. announced in May that it closed a $33 million round of equity financing.

In June, Marrone Bio Innovations announced it raised about $40 million with its second stock offering. This is in addition to the almost $60 million raised in its initial offering last fall.

In August, global ag tech firm Agrinos Inc. announced it would be opening a research and development facility in East Davis.

And just a few days ago, BioConsortia opened its new facility off of Research Park Drive in South Davis.

These activities amount to almost $100 million in investments and facilities over the past six months. Over the past 12 months, Davis has led the Sacramento region on a per-capita basis in the number of new tech startups, attraction of research-based companies and the resultant investments in funding and facilities.

The city has launched an economic development initiative to specifically focus on facilitating these activities. The initiative will help grow and attract a variety of jobs to Davis, including high-wage technologists, professionals, technical and skilled labor, and services.

The city’s plan is centered on five primary focus areas: 1) facilitating technology and business development; 2) increased engagement with UC Davis; 3) expanding the network for local business success; 4) strategic branding and marketing of Davis; and 5) regional leadership.

If you would like to read the city’s work program you can find it on the city’s website by going to the City Council agendas section and looking for May 13, 2014. Under item 08, you will find the Innovation and Economic Vitality 2014-16 Work Program, which outlines each of these focus areas in greater detail.

Future article will provide more detail on each focus area and discuss the objectives of the work program. The over-arching goal is to create a diversified economic base and fiscal sustainability through embracing the research, technology and innovation pervasive in Davis. To those ends, we look forward to sharing more each week.

— Rob White is the city of Davis’ chief innovation officer. This column will be published weekly.

Comments

comments

  • Recent Posts

  • Enter your email address to subscribe to this newspaper and receive notifications of new articles by email.

  • .

    News

     
    So much more than a cute baby store

    By Bob Schultz | From Page: A1 | Gallery

     
    Suspected arson fires worry neighbors, firefighters

    By Lauren Keene | From Page: A1 | Gallery

    Winters homicide case enters jury-selection phase

    By Lauren Keene | From Page: A1

     
    Fill the Boot for the hungry

    By Enterprise staff | From Page: A2

    Existing home sales rise in September

    By The Associated Press | From Page: A2

     
    For the record

    By Enterprise staff | From Page: A2

    Democrats love seeing minimum wage on the ballot

    By The Associated Press | From Page: A2

     
    Pets of the week

    By Enterprise staff | From Page: A2 | Gallery

     
    Apply now for community mediation training

    By Enterprise staff | From Page: A3

    Paws for Thought: Pets for Vets: matches made in heaven

    By Evelyn Dale | From Page: A3 | Gallery

     
    ‘Tokyo Kill’ author will visit bookstore

    By Special to The Enterprise | From Page: A3

    Sierra Club gathers for morning walks

    By Special to The Enterprise | From Page: A3

     
    DPNS has play group, preschool openings

    By Enterprise staff | From Page: A3

    Yolo Knitters Guild plans fall meetings

    By Enterprise staff | From Page: A3

     
    Local farm products found at hospital market

    By Enterprise staff | From Page: A3

    Tax tips offered for sole proprietors

    By Enterprise staff | From Page: A3

     
    Beer dinner set on Co-op patio

    By Enterprise staff | From Page: A4

    Walkin’ the Dawg through the park

    By Enterprise staff | From Page: A4 | Gallery

     
     
    Essay contest winners will be honored Tuesday

    By Special to The Enterprise | From Page: A4

    Volunteers sought to make veggie bags

    By Enterprise staff | From Page: A4

     
    Library hosts after-hours teen movie nights

    By Enterprise staff | From Page: A4

    First-time home buyers get free advice

    By Enterprise staff | From Page: A4

     
    Psychiatric clinic hosts open house

    By Enterprise staff | From Page: A4

    Forum eyes impacts of raising the local minimum wage

    By Special to The Enterprise | From Page: A5

     
    NAMI-Yolo family support group meets Sunday

    By Enterprise staff | From Page: A7

    To save the birds, look to the fish

    By Kat Kerlin | From Page: A7 | Gallery

     
    Birding field trip planned Saturday

    By Enterprise staff | From Page: A12 | Gallery

    .

    Forum

    Ready to go, whatever happens

    By Creators Syndicate | From Page: B5

     
    Where there’s a will …

    By Creators Syndicate | From Page: B5

    She’s innovative, passionate

    By Letters to the Editor | From Page: A8

     
    An accidental fan becomes a baseball devotee

    By Special to The Enterprise | From Page: A8

    U.N. steps up to lead Ebola response

    By Special to The Enterprise | From Page: A8

     
    John Cole cartoon

    By Debbie Davis | From Page: A8

    These three are the best

    By Letters to the Editor | From Page: A8

     
    Sunder has bold vision

    By Letters to the Editor | From Page: A8

    Archer, Nolan are my picks

    By Letters to the Editor | From Page: A8

     
    .

    Sports

    Villegas wonderstrike powers Devils

    By Evan Ream | From Page: B1 | Gallery

     
    DHS golfers take the title

    By Enterprise staff | From Page: B1

    Devil defense regresses in football loss

    By Thomas Oide | From Page: B1

     
    UCD’s Wegener is the engine that drives the train

    By Bruce Gallaudet | From Page: B1 | Gallery

    Sports briefs: Top-end tennis talent helps DHS girls grab a win

    By Enterprise staff | From Page: B2 | Gallery

     
    Junior Blue Devils: Regular slate ends with 2 Davis teams playoff bound

    By Enterprise staff | From Page: B3 | Gallery

    After running the gridiron gauntlet, can UCD regroup?

    By Bruce Gallaudet | From Page: B8 | Gallery

     
    .

    Features

    .

    Arts

     
    Stories on Stage Davis presents tales by Lescroart, Montieth

    By Special to The Enterprise | From Page: A11 | Gallery

     
    .

    Business

    .

    Obituaries

    Peggy Belenis Swisher

    By Special to The Enterprise | From Page: A4

     
    .

    Comics

    Comics: Tuesday, October 21, 2014 (set 1)

    By Creator | From Page: B5

     
    Comics: Tuesday, October 21, 2014 (set 2)

    By Creator | From Page: B7