Title
Hampton Roads Alliance Update Presentation
Purpose
PURPOSE/BACKGROUND:
The Hampton Roads Alliance is the regional economic development organization for Hampton Roads. Serving 15 jurisdictions with the support of over 100 private investors, the Hampton Roads Alliance helps to guide the transformative economic growth of the region. The purpose of this presentation is to update City Council and citizens on the key outcomes of the Hampton Roads Alliance and to highlight key initiatives the organization is leading to advance regional economic growth.
Discussion:
From 2020 to 2024 the work of the Alliance has resulted in $2.5 billion in announced capital investment and 7,060 in announced new jobs. The approved FY26 appropriation from the City of Hampton to the Hampton Roads Alliance is $157,720.
Impact:
The strategies of the Hampton Roads Alliance and the associated outcomes assist the City of Hampton in achieving its Economic Growth strategic priority.
Recommendation:
Rec
No action is desired of Council.
Body
N/A