Economic Development Authority/Industrial Development Authority
The first Friday of every month
EDA/IDA Board Room, 11820 Fountain Way, Suite 301, Newport News, VA
Meetings last approximately 2 to 3 hours
7 General Public Representatives
Term of Appointment
$50 per meeting with a maximum of $150 per month for regular board members. The Chairman and Vice-Chairman's maximum compensation is $250 per month.
The purpose of the Economic Development Authority/Industrial Development Authority (EDA/IDA) is to promote the economic development and diversification of the city's employment and tax base. The Authority will have all the powers conferred upon such a development entity pursuant to the Code of Virginia.