Business Community Involvement

Business Community Involvement

Maintaining contact with the various businesses throughout the City is the crux of business retention efforts. One of the major components of the City’s efforts along these lines is involvement at community events such as roundtable discussions and attendance at business association meetings. Staff has continued to be involved with both the Downtown Newport News Merchants and Neighbors Association and the Denbigh Warwick Business Association, providing business updates and information on upcoming events during their monthly meetings. We have also remained involved with the Copeland Industrial Park Business Association in their efforts to share information with the companies within one […]

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Façade Improvement Grants

Façade Improvement Grants

Commercial properties in Newport News continue to receive a boost from the Façade Improvement Grant (FIG) program by providing matching funds towards eligible façade improvements. The grant has been highly successful since its debut, leveraging approximately $4.3 million in private investment and benefiting over 60 properties City-wide. Approximately $1.3 million in EDA/City funds have been committed to Newport News property owners and businesses towards fulfilling the FIG program’s mission to restore, sustain and improve commercial properties throughout the City.

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Enterprise Zones

Enterprise Zones

The Virginia Enterprise Zone (VEZ) program benefited 20 Newport News businesses by providing approximately $1.2 million in incentives for real property improvements and job creation. Newport News continues to be ranked among the top users of the VEZ program, consistently leveraging a significant share of grant dollars to support the growth of qualifying businesses.

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Tourism Zones

Tourism Zones

With the opening of Paragon City Center 12, Neo Kitchen + Bar, My Pi Custom Pizza and Travinia Italian Kitchen & Wine Bar, the City Center at Oyster Point Entertainment District received final certification from the Commonwealth under the Tourism Development Financing Program. In addition to the City Center at Oyster Point Entertainment District tourism project, Tourism Zone benefits commenced for Second Street Bistro in 2014. The EDA continues to market the benefit of the Tourism Zones Incentive Program to potentially eligible tourism-related businesses.

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Recognition

Recognition

Not a year goes by that Newport News companies aren’t recognized by outside organizations for their accomplishments. Devon Henry, CEO of Team Henry Enterprises, was named the Small Business Administration’s 2014 Small Business Person of the Year for the Richmond SBA office. For SBA lending programs, the Richmond SBA office recognized Langley Federal Credit Union as the Top Credit Union of the Year, and Natasha Merz, Vice-President of Business Lending for Langley Federal Credit Union, was recognized as the Financial Services (Credit Union) Champion of the Year. In 2014, a number of Newport News-based companies were selected as “Best Places […]

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Business Appreciation BBQ & Golf

Business Appreciation BBQ & Golf

The annual Business Appreciation Barbeque and Golf event always serves as the high point for each year’s business appreciation efforts, and the 2014 edition was no exception. Well over 300 people – the largest crowd we’ve ever had for a single business appreciation event, came out to The Pavilion at Deer Run Golf Club to join together in celebration of another great year within the Newport News business community. EDA Chairman Tom Herbert, City Manager Jim Bourey and Mayor Dr. McKinley Price, all spoke to the many achievements of Newport News companies, while looking ahead to future successes as well. […]

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