INDEPENDENT LOCAL NEWSNewport News, Virginia
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Newport News 2025–2029 Five-Year Consolidated Plan and 2025–2026 Annual Action Plan

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Describe any major changes that may have an economic impact, such as planned local or regional public or private sector investments or initiatives that have affected or may affect job and business growth opportunities during the planning period. This state and this area is home to a large number of federal workers, federal contractors, active and retired military and military dependents. This has often been cited as the main cause of wage suppression in our economy. Massive downsizing of the federal workforce will create a fresh supply of educated, experienced workers who are displaced. These individuals will be competing for middle and upper-level jobs. This influx of talent into the jobless pool will not lessen the shortages of people needed at and just above entry-level and skilled trades. These people will be forced to accept lower level jobs and lower wages which will put downward pressure on wages in the area, which has consistently ranked lower than most parts of the state and the country in wage studies. Describe any needs for workforce development, business support or infrastructure these changes may create. N/A How do the skills and education of the current workforce correspond to employment opportunities in the jurisdiction? Describe any current workforce training initiatives, including those supported by Workforce Investment Boards, community colleges and other organizations. Describe how these efforts will support the jurisdiction's Consolidated Plan. N/A Does your jurisdiction participate in a Comprehensive Economic Development Strategy (CEDS)? N/A If so, what economic development initiatives are you undertaking that may be coordinated with the Consolidated Plan? If not, describe other local/regional plans or initiatives that impact economic growth. Discussion 64
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