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U.S.Navy's Economic Impact on Hampton Roads

U.S.Navy's Economic Impact on Hampton Roads

By Greg Grootendorst, Chief Economist

On September 15, 2011 the Commander, Navy Region Mid-Atlantic released the economic impact report for the Hampton Roads area.  According to the release, the Navy had a direct economic impact of $13.5 billion in 2010, down $1.4 billion from 2009.  Total active duty Navy employment was 82궯, approximately 80% of the region’s active duty military.  The Navy had 84 ships homeported in Hampton Roads and 36 aircraft squadrons.   The Navy’s annual payroll (military and civilian) was $8.2 billion and Navy procurement was $5.3 billion.


Get a complete copy of the report, HERE.

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