Committed to Helping Your Business Grow
The Newport News Economic/Industrial Development Authority (NNEDA) is a full-service authority that can act quickly to allow a company to occupy its facility in the shortest time possible; the powers of NNEDA have been granted by the Virginia General Assembly.
- The Authority acts as the development arm for the City and is willing to act aggressively to attract new industry to Newport News.
- The NNEDA manages more than 2,100 acres in six industrial and business parks and more than 1.6 million square feet of office and industrial space, plus eight parking garages.
- The Authority can issue tax-exempt and taxable Industrial Revenue bonds. To assist companies locating or expanding in Newport News, the NNEDA has built and renovated facilities for sale, capital lease and long-term operating lease to companies.
To view the latest Annual Report, click here.
To view the archive of EDA/IDA Annual Reports, click here.