Cbj0713 book

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NEW ECONOMIC DEVELOPMENT MANAGER City of Carlsbad introduces Christina Vincent.

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EATING LOCAL

A spotlight on places that offer food, drinks and tasty treats.

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BUSINESS WWW.CARLSBAD.ORG

JOURNAL

VOL. 30, NO. 7

AN AWARD-WINNING, MONTHLY PUBLICATION OF THE CARLSBAD CHAMBER OF COMMERCE

JULY 2013

Fourth and fifth grade students at La Costa Heights Elementary School recently took part in a program modeled after the popular "Shark Tank" tv show. Carlsbad Chamber of Commerce members served as judges and spoke to the students about entrepreneurship.

‘Sharks’ help students learn about business BY JOSÉ A. LÓPEZ Editor | Carlsbad Business Journal

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he four entrepreneurs stood before the panel of four “sharks,” hopeful that at least one of them would be interested in their startup: Challows, chocolate-covered and jelly-filled marshmallows that they hope to manufacture for 28 cents a piece and sell for four times that amount on the market. After the entrepreneurs shared their logo, their marketing plan and answered questions about production costs and their potential customers, the sharks were ready to bite. One offered them $1,500 for 20 percent stake in their company. The

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HAPPY 4TH OF JULY!

entrepreneurs seemed to be considering the offer, when another shark made a competing offer — $2,500 for a 20 percent share. It was a like a scene taken from the popular show “Shark Tank,” where aspiring business owners hawk their products before a panel of would-be investors — including entrepreneur Lori Greiner (who has been called the “Queen of QVC”) and Dallas Mavericks owner Mark Cuban. But in this case, the setting was not a television studio, it was a sixth-grade classroom at La Costa Heights Elementary School. The entrepreneurs were students and the “sharks” were local business owners, many of them Carlsbad Chamber of Commerce members.

ith this program, members of the business community can contribute meaningfully by donating their time and expertise. — Leighangela Brady, Principal, La Costa Heights Elementary School

Poseidon breaks ground on desal project Representatives of the Carlsbad Chamber of Commerce joined state and local officials early last month to celebrate the official start of construction of Poseidon Water’s Carlsbad Desalination Project, which when complete will fulfill about 7 percent of San Diego County’s water needs by converting seawater into high-quality drinking water. The celebration, which was nearly 12 years in the making due to legal delays and other setbacks, was made possible by a 30-year water agreement reached late last year between Poseidon Water and the San Diego County Water Authority to buy up to 50 million gallons of desalinated seawater a day from the plant. The ceremony marked the start of construction of the desalination plant, which will be located at the Encina Power Plant. The project also includes a 10-mile pipeline from the facility to an aqueduct connection facility in San Marcos, which is also being constructed. The entire project is expected to be operational in 2016. “Today is a celebration and a thank you,” said Poseidon Water CEO Carlos Riva. “We wanted to acknowledge the many people who have supported us and stood by us throughout the process and let them know that

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5934 Priestly Drive Carlsbad, CA 92008

SEE SHARKS Page 8

“W

Chamber members take part in popular school program

Carlsbad Mayor Matt Hall (sixth from left) and officials from Poseidon Water and other agencies hold shovels to commemorate the construction of the Carlsbad Desalination Project. (Photo by Sam Wells)


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