COVID-19 Costs SR 78 Corridor Cities More Than 36,000 Jobs

SAN DIEGO NORTH EDC PRESENTS

0
865

• Across the five cities on the SR 78 Corridor (Oceanside, Carlsbad, Vista, Escondido, San Marcos) more than 36,000 jobs have been lost between August 2019 and August 2020.

• 2/3rd of the job losses have been in four sectors: Arts and Entertainment, Education, Retail, and Hospitality.

• Year-over-year taxable sales during quarter 2 (April through June) declined between 10.1% (Vista) and 28.7% (Carlsbad).

• Comparing the first half of 2019 vs. the first half of 2020, hotel taxes declined 27% in Oceanside. TOT collections for June, July, and August were off 66% in Carlsbad. These two cities represent, by far, the two largest tourism markets on the Corridor.