Technology giant, Teradata, celebrated the recent move of its global headquarters from Dayton, Ohio to Rancho Bernardo with a ceremony Monday.
The move is expected to bring hundreds of new tech jobs to the area, company officials said.
"Startups are in our DNA," San Diego Mayor Kevin Faulconer told a crowd at the new headquarters. "Growing great companies into bigger companies. The fact that we have more Ph.D.'s per capita than any city in the United States."
Teradata has already hired 300 employees locally and will add another 200 this year. They are averaging 35 new hires a month, a spokesperson said.
"Our unemployment rate is low, which is good," said City Councilmember Mark Kersey, who represents District 5. "But that can also make finding a talented workforce a challenge."
The new headquarters has a gym, coffee machines, ping pong tables, and other amenities to attract candidates.
Teradata is a data analytics firm which launched in the late 1970s in Brentwood, California. In 2015, the company reported a revenue of $2.53 billion.