The annual San Diego Military Economic Impact Report says defense dollars account for almost 25% of San Diego's economy.
Defense spending continues to be a major driver of economic activity in San Diego. KPBS military reporter Andrew Dyer says a report today shows that spending is up.
The San Diego Military Economic Impact Report annually tracks how government defense spending — from the U.S. Defense Department and the Department of Veterans Affairs — impacts the local economy. It's sponsored by the San Diego Military Advisory Council , a nonprofit that promotes the economic side of San Diego's military footprint.To calculate that, researchers say that for every $1 the government spends contributes up to $1.56 to the economy.
Companies working with artificial intelligence and unmanned vehicle technology accounted for most of that spending, the report says.
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