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Newport News Economic/Industrial Development Authority Department of Development
City of Newport News
2400 Washington Avenue, 3rd floor
Newport News, Virginia 23607

tel: 1-800-274-8348 [A-SITE-4U]
757-926-8428
fax: 757-926-3504

Web: http://www.newportnewsva.com

 

Newport News Economic Development Authority


About Newport News, Virginia

VASCIC The Herbert H. Bateman Virginia Advanced Shipbuilding and Carrier Integration Center (VASCIC)

Newport News, Virginia is an ideal location for corporate offices, research and development in the physical sciences, aerospace and advanced manufacturing. City Center at Oyster Point-a highly successful mixed-use, high-density development that has become the Virginia Peninsula's central business district-offers a work/live/play environment for small and medium sized corporate headquarters or for the regional/district offices of larger corporations. Jefferson Center for Research and Technology, City Center, Port Warwick and Oyster Point West all are located minutes from Jefferson Lab (the Thomas Jefferson National Accelerator Facility). Jefferson Lab is a leader in photonics and nanotechnology R&D with demonstrated applications in medical imaging and surface modification. The AirCommerce Park, with access to runways at the Newport News/Williamsburg International Airport, has 35 buildable acres and 25 acres of concrete apron in a Virginia Enterprise Zone for air related uses. Oakland Industrial Park offers sites from 5 to 36 acres for advanced manufacturers to draw from the region's skilled and technologically proficient labor force in a Virginia Enterprise Zone.

 

Population of Location

186,981 (Hampton Roads region is 1.6 million +). Newport News is located in the Hampton Roads metropolitan area (Virginia Beach-Norfolk-Newport News MSA) in southeast Virginia. Newport News is the fourth largest city in the region and the largest city in its Virginia Peninsula submarket.

 

Housing Costs

$250,000 median home price for housing prices for Newport News region.

 

Workforce

A scientist performs an experiment at Jefferson Lab

The Occupations And Skills You Need, At Wages You Can Afford

In Newport News, the workforce is committed to quality and productivity. A growing and increasingly diversified economy provides a labor pool from which you can readily obtain qualified people at all skill levels. Because the cost of living here is reasonable, professional, technical and managerial salaries are lower than in most major metropolitan areas. Because Virginia is a Right-To-Work state, your firm will experience lower wage costs and higher productivity.

 

Fountain Plaza, at City Center at Oyster Point

People in Newport News have a strong work ethic. This means that companies have been able to experience high rates of productivity from a reliable work force. Northrop Grumman Newport News (Newport News Shipbuilding), for example, has regularly delivered complex Naval vessels on-time or ahead of schedule.

 

Other examples of the region's work force productivity abound. Siemens VDO's Newport News fuel injector plant (recently purchased by the German automotive parts maker, Continental AG) was named Siemens VDO's top mechanical plant for quality for its 2007 defect rate of only 1.67 parts per million. The 1,000 person UPS Customer Service Center in Newport News is one of UPS's most productive customer service facilities.

 

Working population of location: 89,099 Civilian labor force


85,984 employed (Hampton Roads region has 817,611 Civilian labor force; 792,568 employed)

For more info on the Newport News workforce/labor click here

 

Transport & Logistics (airports, motorways & ports)

Airports - Newport News/Williamsburg International Airport (located in Newport News); Norfolk International Airport (30 minutes from NN/WIA); Richmond International Airport (55 minutes from NN/WIA)

Motorways - Interstate 64 (5 interchanges), I-664 (4 interchanges); US 17, US 60

Ports - Newport News Marine Terminal, a terminal within the Ports of Hampton Roads owned by the Virginia Ports Authority and operated by Virginia International Terminals

 

New investments to the region

Styron Square, in Port Warwick

City Center at Oyster Point private sector investment - $184 million
Ferguson Enterprises and Wolseley, NA - $30 million
Kinder Morgan - Bulk pier construction - $70 million
Northrop Grumman - Submarine dry dock and related investment - $100 million
Printpack - $27 million
Riverside Health Systems - Expansion and renovation of Riverside Regional Health Center - $400 million
Siemens VDO (now Continental) - $45 million