Panel highlights San Diego's small business resilience and innovation amid economic pressures

On July 11, 2025, the California State Assembly's Committee on Economic Development, Growth, and Household Impact convened to discuss the challenges and opportunities facing small businesses in the state. The meeting featured a panel of entrepreneurs and business leaders who shared their experiences and insights on navigating economic pressures and fostering regional resilience.

Dr. Debbie Chen, founder and CEO of HydroStasis, highlighted the critical issue of dehydration among U.S. adults, particularly seniors, and presented her innovative hydration monitoring wearables. Chen emphasized the importance of support networks for women entrepreneurs, noting that only a small percentage of venture capital funding goes to women-led companies despite their strong performance. She called for increased investment in women-owned businesses and organizations that support female founders, underscoring the economic potential that remains untapped.

Sven Davison, co-founder of Amai Inc., shared his journey in creating edible cups from upcycled materials, which address food waste and environmental concerns. He discussed the challenges posed by tariffs on manufacturing equipment, which have forced his company to pivot its business model. Davison credited local support networks, including the San Diego Small Business Development Center (SBDC), for their assistance in navigating these hurdles.

Jason Paguio, president and CEO of the Asian Business Association of San Diego, provided a broader perspective on the economic impact of Asian and Pacific Islander-owned businesses in the region. He reported that these businesses contribute over $5 billion to the local economy and create approximately 90,000 jobs. Paguio emphasized that fostering an inclusive and equitable economy benefits all Californians, advocating for policies that support small businesses and immigrant communities.

The discussions at this meeting reflect the ongoing challenges faced by small businesses in California, particularly in the context of rising costs and regulatory pressures. The testimonies from the panelists illustrate the resilience and innovation present in the state's entrepreneurial landscape, while also highlighting the need for continued support and investment in diverse business communities. As the committee moves forward, the insights shared may inform future policies aimed at bolstering economic growth and addressing the unique needs of small business owners across California.