Report: Naval Station Newport direct economic impact in FY2016: $1.3B

THE NAVAL STATION NEWPORT accounted for $1.3 billion in direct economic impact in fiscal 2016. / COURTESY NAVY REGION MID-ATLANTIC
THE NAVAL STATION NEWPORT accounted for $1.3 billion in direct economic impact in fiscal 2016. / COURTESY NAVY REGION MID-ATLANTIC

NEWPORT – The Naval Station Newport generated a total direct economic impact of $1.3 billion, according to the Navy Region Mid-Atlantic FY 2016 Economic Impact Report.

A base’s economic impact area includes counties and cities in a 40-mile radius of the base.

The report encompasses the dates Oct. 1, 2015, through Sept. 30, 2016.

The base’s direct economic impact includes a total annual payroll of $952.9 million, of which $528 million is identified as civilian payroll. Total military payroll at the Newport base was $424.9 million.

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The Naval Station personnel was a reported 20,296 for the year, of which 7,672 were civilian employees.

The report estimated the NRMA had a direct economic impact of $24.2 billion in fiscal 2016, a $1.8 billion increase from fiscal 2015.

In 2016, the Naval Undersea Warfare Center Division Newport, the largest command at the naval station, reported a regional economic impact of $1.07 billion.

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