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Navy had $13.5 billion in regional impact last year

The U.S. Navy had a direct economic impact of $13.5 billion in Hampton Roads in 2010, according to a report by the Hampton Roads Planning District Commission.

Using information from the Commander, Navy Region Mid-Atlantic, HRPDC indicated the Navy’s economic impact in the region was down $1.4 billion from 2009.

Total active duty Navy employment was 82,463 individuals, approximately 80 percent of the region’s active duty military. Last year, the Navy had 84 ships home ported in Hampton Roads, the report said, as well as 36 aircraft squadrons.
The Navy’s annual payroll (military and civilian) was reported at $8.2 billion, with Navy procurement in the region listed at $5.3 billion.

Also, the report said the Navy’s total direct economic impact on this region in 2010 was down 11.4 percent from the year before. The total direct economic impact from 2000-2010 saw a 35.3 percent increase.

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