Home to one of the largest concentrations of military assets in the world, San Diego’s regional economy is heavily dependent on the defense industry for financial input. Collectively, direct defense spending was approximately $24.8 billion in 2015. This amounts to 21.5% of the county’s Gross Regional Product (GRP). More than one out of every five jobs in the region are directly tied to defense spending. Since defense spending generates an economic impact that far outpaces other industries in the area, it is also a significant cause of vulnerability in the local economy. The City of San Diego was awarded Phase One and Phase Two grants from the Department of Defense, Office of Economic Adjustment, to enhance resiliency and economic diversity of businesses within the regional defense sector. Future iQ was engaged by the City of San Diego to facilitate the grant processes and to guide the project’s Regional Leadership Group in its actions to plan for future resilience in the defense industry.
Future iQ has been contracted by the City of San Diego to help facilitate the development of a regional consortium that will work together to plan for resiliency in the regional defense industry. This work will include: