This quarter, the San Diego Military Advisory Council (SDMAC) announced that Point Loma Nazarene University’s Fermanian Business & Economic Institute was awarded the contract for the 2012 San Diego Military Economic Impact Study, for which the FBEI will update the current economic data and include projections on the impact of the current and projected Department of Defense budget data. Completion of the project is expected in June 2012 and will be presented to SDMAC at a June breakfast.

The study is widely recognized as the authoritative and comprehensive source on the military’s impact on the San Diego region.

“The study receives wide dissemination among the senior military leadership of the Navy and Marine Corps, as well as elected and appointed government officials both locally and in the Washington area. SDMAC also considers it to be an invaluable tool for private sector corporate leadership, especially in light of the ongoing discussions concerning the Defense Budget,” according to SDMAC.

The FBEI’s first study for SDMAC, a report on military construction spending in San Diego, was completed in May 2010. SDMAC also commissioned the FBEI to quantify the economic impact of the proposed Navy Broadway Complex Redevelopment in downtown on the San Diego area in October 2011.

SDMAC’s quarterly newsletter to its members affirmed, “Prior reports completed by the FBEI under the leadership of Dr. Lynn Reaser, PLNU chief economist, have proven to be ‘comprehensive, understandable and of the highest quality.’”
--Point Loma Nazarene University