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Thursday, Oct 6, 2022
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Military Contributed $11.7B to Area Economy in 2004

The U.S. armed forces , the second largest employer in San Diego County , pumped $11.7 billion into the region in 2004, according to a report released Jan. 31 by the San Diego Regional Chamber of Commerce.

Among its other findings:

– San Diego ranks first among all counties in the United States for defense spending, making it one of the largest beneficiaries of incoming federal defense dollars.

– In 2004, the full economic impact of the U.S. military was about $18.3 billion in gross regional product, some 14.65 percent of San Diego’s total economic activity. The U.S. Navy accounts for about 65 percent of this, and the U.S. Marine Corps 23 percent. The remaining 12 percent is undistributed, due to the inclusion of general procurement contracts and retirement and disability benefits.

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– In addition to supporting more than 148,600 military jobs, defense spending indirectly supported an additional 142,530 jobs in the local economy , more than 20 percent of total employment in the region.

– Defense spending in the county also generated $5.6 billion in earnings, nearly 9 percent of all earnings in the county.

– Manufacturing , the largest employer in San Diego , benefits the most from the business created by defense spending. Defense-related manufacturing supports more than 19,800 jobs and $4.5 billion in economic output. The professional, scientific and technical services sector was second, with military spending generating $2.4 billion, and more than 19,000 jobs for those sectors.

– Before 2010, the regional economy also is expected to get a boost from incoming U.S. Navy units, Marine Corps personnel increases, and the development of the Navy Broadway Complex, the latter of which potentially could generate as much as $2.7 billion, and more than 22,000 jobs for the local economy.

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