SAN DIEGO MILITARY ADVISORY COUNCIL UNVEILS 12th ANNUAL MILITARY ECONOMIC IMPACT REPORT

SAN DIEGO – The San Diego Military Advisory Council (SDMAC) unveiled the 12th annual Military Economic Impact Report (MEIR) at the Officers Club on Marine Corps Air Station Miramar. With pre-recorded presentations and live speakers from San Diego’s Mayor Kevin Faulconer, military leaders, and Rady’s School of Management’s leader who put this report together. SDMAC has freshly partnered up with Rady’s School of Management at UC San Diego. This report is a product of the rigorous work of Professor Sally Sadoff and the MBA students at the Rady’s School of Management.

“Leveraging insights from the frontier of academic research, the team’s experts applied data tools that calculate the impact of military dollars on the San Diego region. The team focused on increased transparency in data and methodology in this year’s report, pioneering a new blueprint for the project going forward. In addition to the data analysis in the 2020 report, the perspectives of both military servicemembers and private sector business leaders have been included to measure both the quantitative and qualitative impact of the military on the community.”

“San Diego’s regional economy is fueled in large part by the military and defense partnerships we forged over the past century, and the tremendous contributions to our community from the men and women who serve our country and call San Diego home,” Mayor Kevin L. Faulconer said. This report illustrates how they make our city stronger and more resilient, and they will play a major role as we work together to help our economy rebound and recover from this global pandemic.

“Defense funds flow into the San Diego economy through defense contracts to local businesses, compensation and benefits provided to military personnel and federal civilian employees, retirement and veteran benefits, and government credit cards used for direct purchases. When considered together, the Department of Defense, the Coast Guard through the Department of Homeland Security, and the associated Department of Veteran Affairs spending are considered an economic supercluster (Exhibit 1).”