Façade Improvement Grants

Façade Improvement Grants

The Façade Improvement Grant (FIG) program continued to exceed expectations in its mission to restore, sustain and improve commercial properties located within Newport News by providing matching funds toward eligible façade improvements. Since its debut, the FIG Program has benefited 46 properties City-wide by providing over $900,000 in EDA/City funds to Newport News property owners and businesses. These public funds have leveraged over $3.6 million in private investment.

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Enterprise Zones

Enterprise Zones

A total of 28 Newport News businesses benefited from approximately $1.9 million in Virginia Enterprise Zone (VEZ) incentives for real property improvements and job creation. Newport News maximized utilization of the VEZ program by leveraging the most grant dollars and largest number of qualifying businesses in the Commonwealth. Additionally, local Enterprise Zone incentives played a key role in securing three major expansion projects for the City, representing combined capital investments of over $66 million and over 200 new jobs.

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Tourism Zones

Tourism Zones

The City’s Tourism Zone program was created in 2012, and established four Tourism Zones throughout the City: Upper Warwick Boulevard/Denbigh, Southeast Community, Patrick Henry and Greater Hilton. Newport News’ program is one of the first in the Commonwealth, and has generated many requests for information and guidance from the municipal economic development community and business owners from across the state. Staff made numerous informational presentations and briefings during 2013.

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Recognition

Recognition

Two growing companies with headquarters in Newport News were named to the Virginia Chamber of Commerce “Virginia’s Fantastic 50” list this year. BOSH Global Services and Team Henry Enterprises were both recognized as some of the fastest-growing companies in Virginia. One Newport News company was recognized on a national scale for its growth last year. Peninsula Cleaning Service made this year’s “Inc. 500/5000” list of high-growth companies in the United States. Hornsby Tire & Service Center was recognized by Tire Review magazine as its 2013 Top Shop Award Finalist.

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Roundtables

Roundtables

One aspect of business retention efforts centers around interacting with multiple businesses in various group formats, including active involvement with existing business associations. The Denbigh Warwick Business Association meets monthly to share information and discuss matters related to the small businesses that comprise the Upper Warwick Corridor. In the Southeast Community, the Downtown Newport News Merchants and Neighbors Association meets on a monthly basis to allow an exchange of information and ideas with citizens and business leaders in that area of the City. Copeland Industrial Park has its own business association to focus on the unique needs of this business […]

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Business Appreciation BBQ & Golf

Business Appreciation BBQ & Golf

The 2013 version of Business Appreciation took place over the course of two different days, starting with the traditional barbeque luncheon, which was the first event held in the new banquet tent facility at Newport News Golf Club at Deer Run. Approximately 300 people joined to celebrate the successes of the Newport News business community over the past year. EDA Chairman Henderson and Mayor Price highlighted the achievements of Newport News businesses, thanked them for the work they do each day in Newport News, and laid the groundwork for more great things to come. A week later, over 100 business […]

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