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.

Cybersecurity Awareness Month: What to Do When Your Identity Is Stolen

In recognition of Cybersecurity Awareness Month, it is important to remember that identity theft affects…

Learn More

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.

- Advertisement -

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.

No posts to display