Oceana currently serves as home to the Navy’s Tomcats and east coast Hornets. However, with the Tomcats leaving the fleet and the phase out of older versions of the Hornet, Oceana will soon begin to see a significant reduction in the number of persons who are employed at the base along with the economic impact that Oceana has in the community. At the same time, the Hornets will begin to enter the east coast fleet and could potentially be assigned to Oceana. The report examines the economic impacts these to factors could have on the Virginia Beach and Hampton Roads communities.
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