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San Diego Economy
 
 
 

San Diego's economy is mainly based on defence, manufacturing and tourism respectively. San Diego is the site of one of the largest naval fleets in the world, and San Diego has become the largest concentration of Naval facilities in the world due to base reductions at Norfolk, Virginia and retrenchment of the Russian naval base in Vladivostok. Two of the US Navy's Nimitz class supercarriers, (the USS Nimitz and the USS Ronald Reagan), five amphibious assault ships, several Los Angeles-class "fast attack" submarines, the Hospital Ship USNS Mercy, carrier and submarine tenders, destroyers, cruisers, frigates, and many smaller ships are home-ported there. Four Navy vessels have been named USS San Diego in honour of the city.

Marine Corps institutions in San Diego include Marine Corps Air Station Miramar and Marine Corps Recruit Depot San Diego. The Navy has several institutions in the city, including Naval Base Point Loma, Naval Base San Diego (also known as the 32nd Street Naval Station), Bob Wilson Naval Hospital, and the Space and Naval Warfare Systems Center San Diego. Close by San Diego but within San Diego County is Naval Air Station North Island (which operates Naval Auxiliary Landing Facility San Clemente Island, Silver Strand Training Complex, and the Outlying Field Imperial Beach).

The economy of San Diego is also influenced by its port, which includes the only major submarine and shipbuilding yards on the West Coast, as well as the largest naval fleet in the world. The cruise ship industry, which is the second largest in California, generates an estimated $2 million annually from the purchase of food, fuel, supplies and maintenance services.

Due to San Diego's military influence, major national defence contractors, such as General Atomics and Science Applications International Corporation are headquartered in San Diego. Military bases in San Diego include US Navy ports, Marine Corps bases and Coast Guard stations. One of the Marine Corps' two Recruit Depots is located in San Diego. San Diego is also known as the "birthplace of naval aviation", although Pensacola, Florida makes a rival claim.

Several areas of San Diego, in particular La Jolla and surrounding Sorrento Valley areas, are home to offices and research facilities for numerous biotechnology companies. Major biotechnology companies like Neurocrine Biosciences and Nventa Biopharmaceuticals are headquartered in San Diego, while many biotech and pharmaceutical companies, such as BD Biosciences, Biogen Idec, Integrated DNA Technologies, Merck, Pfizer, ノlan, Genzyme, Cytovance, Celgene and Vertex, have offices or research facilities in San Diego. There are also several non-profit biotech institutes, such as the Salk Institute for Biological Studies, the Scripps Research Institute and the Burnham Institute. The presence of University of California, San Diego and other research institutions helped fuel biotechnology growth.

San Diego is home to companies that develop wireless cellular technology. Qualcomm Incorporated was founded and is headquartered in San Diego; Qualcomm is the largest private-sector technology employer (excluding hospitals) in San Diego County. The largest software company in San Diego (according to the San Diego Business Journal) is security software company Websense Inc.

Tourism is also a major industry owing to the city's climate. Major tourist destinations include Balboa Park, the San Diego Zoo, Seaworld, nearby Wild Animal Park and Legoland, the city's beaches and golf tournaments like the Buick Invitational.

 

 
 

 



 


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