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

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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…

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