PLNU's FBEI Authors Report on the Military in San Diego

Date: 
Wednesday, June 20, 2012

 

The San Diego Military Advisory Council (SDMAC) commissioned PLNU's Fermanian Business and Economic Institute to create their 2012 San Diego Military Economic Impact Study. PLNU Chief Economist Dr. Lynn Reaser was the primary author of the report. 

The report highlights the vital role the military plays in San Diego -- the defense industry will contribute more than $20 billion to San Diego's economy in 2012 and provide more than 300,000 jobs. Through avenues such as employment, retiree and veteran benefits, contracts, grants, purchasing, and tourism, the military plays an important role in keeping San Diego's economy healthy.

Reaser reported that military spending in San Diego is likely to "hold steady" in 2013. Though the specter of sequestration raises some concerns, she said that San Diego enjoys some safeguards such as existing contracts. 

The report is being distributed to both civilian and military leaders of the Navy and Marine Corps and to elected officials in San Diego and Washington D.C.

Copies of the full report can be obtained through SDMAC at www.sdmac.org