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.