15 San Diego Companies Chosen for Defense Innovation Program
Summary
The SDMAC report estimated the San Diego region saw more than $25 billion in direct defense spending in fiscal 2017.According to the San Diego Regional Economic Development Corporation (EDC), 89 percent of firms in San Diego’s defense supply chain employ fewer than 50 people—and 40 percent of the companies registered in the county as defense contractors employ fewer than five.Companies selected to participate are slated to receive consulting services worth up to $15,000, enrollment in a half-dozen workshops, held one day per month, where company leaders will hear from guest speakers and subject matter experts, and the opportunity to compete in a contest for additional consulting services worth $25,000.In July of 2016 a DoD division tasked with helping communities being impacted by changes to defense programs awarded a $1.7 million grant to the city of San Diego.The grant was used to establish Propel San Diego , an initiative through which six local organizations, including SDMAC and the EDC, are collaborating to bolster defense firms in the region.
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