The city council of the City of Newport News finds that the further development of
its defense production tax base requires incentives and regulatory flexibility, and
determines that an appropriate method of offering incentives for the areas described
below is to create a defense production zone as guided and authorized by the Code
of Virginia, § 58.1-3853, as amended. The city council finds that the establishment
of a defense production zone will create a more business-friendly environment and
will foster development of defense production related businesses to the benefit of
public health, safety, welfare and convenience through the enhancement of public revenues
and the creation of employment opportunities.
(Ord. No. 7249-16, § 1)
