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Hampton Roads News

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Hampton Roads Center Enterprise Zone

Published: November 4, 2015

The Hampton Roads Center Enterprise Zone in Hampton is one of five new Virginia Enterprise Zones that are designed to support job creation and private investment.

The Hampton Roads Center Enterprise Zone includes Hampton Roads Center North, Hampton Roads Center Central, Hampton Roads Center South, the Wythe Creek Industrial Park, Langley Research and Development Park, West Park, Central Park, areas along Big Bethel Road and Todds Lane and the area around Mercury Boulevard and Coliseum Drive.

Leonard Sledge, director of Economic Development for the city, remarked on the importance of the project, saying: "The Hampton Roads Center Enterprise Zone is an important tool for Hampton to help existing companies grow and to attract new companies and jobs to the City. The state grants available to eligible companies in the Enterprise Zone strengthen Hampton's position as an ideal location for business investment and job creation."

Since its creation 20 years ago, there have been 103 new commercial projects totaling more than 4.5 million square feet of new space in the Hampton Roads Center Enterprise Zone. The city has invested more than $52 million in public infrastructure improvements, and the private sector has invested more than $119 million in commercial real estate improvements.

The state Enterprise Zone program is administered by the Virginia Department of Housing and Community Development. It provides state and local incentives such as job creation grants and real property investment grants.

source: City of Hampton