Open the Alert Ticker
Hampton Roads Planning District CommissionHRPDCVA
Click Home » News » Economics News » U.S. Navy Releases Report on Economic Impact to the Hampton Roads Economy
U.S. Navy Releases Report on Economic Impact to the Hampton Roads Economy

U.S. Navy Releases Report on Economic Impact to the Hampton Roads Economy

By Greg Grootendorst

Chief Economist

On January 5th, the Navy Region Mid-Atlantic Public Affairs Office released its annual report on the Navy’s economic impact to the Hampton Roads region.  The report covers fiscal year 2009 (Oct. 1, 2008 through Sep. 30, 2009).  According to the report, the Navy had brought the region $8.2 billion in payroll expenditures and $6.7 billion in procurement for a total direct economic impact of $14.9 billion.  The full report is available from the Department of the Navy at:

http://www.cnic.navy.mil/navycni/groups/public/@pub/@mida/documents/document/cnicp_a191990.pdf PDF File 

Archive