The City of Newport News has several tourism zones to attract more investment in areas prioritized in the Citywide Tourism Development Plan and Retail Development Strategy as well as the City’s Comprehensive Plan. The zones cover Greater Hilton, the Patrick Henry area, the Southeast Community, and Upper Warwick Boulevard/Denbigh.
New and expanding businesses seeking to attract customers from outside the City, located in one of the zones and meeting the minimum eligibility requirements may qualify for incentives in the form of a reduction, or waiver, of Business, Professional, and Occupational License (BPOL) taxes and performance grants based on tax revenue from meals, lodging, admissions, and local sales tax, as applicable.
The level of incentive is determined based on a point system. Scoring is based on the project's:
Increase in local taxes generated
Increase in BPOL taxes generated
Annual contribution to the City’s Strategic Priorities
Contribution to public art
Minimum Eligibility Requirements
Upper Warwick Blvd/Denbigh
For more information, contact Mallory Butler, Senior Economic Analyst, at 757-298-6506 or email@example.com.