News & Press

There’s a lot happening in Portsmouth and our momentum keeps growing! Read the latest news & press releases from Portsmouth Economic Development – we cover project announcements, business openings, development news, and more.

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Latest News

Press Release

FY24 Business Investment Grant Check Presentation

On September 28, 2023 the Portsmouth Economic Development Authority presented twelve new and existing Portsmouth based small businesses with funding support through the EDA’s Business Investment Grant program’s initial round of FY 24 awarded...

Press Release

Portsmouth Marine Terminal handles first offshore wind components

PORTSMOUTH, Va. (WAVY) — The Port of Virginia is making strides toward becoming the primary logistics center the Mid-Atlantic’s growing offshore-wind energy industry. Last week, the port received its first shipment of components for Dominion...

Press Release

Hampton Roads Delegation Attends Workforce Readiness Mission to Germany

STUTTGART, Germany – (Jul. 27, 2023) – The Hampton Roads Alliance, Hampton Roads Workforce Council, and Virginia Beach Economic Development hosted Presidents and officials of universities, community colleges, and technical colleges from Hampton...

Press Release

Portsmouth to reinvent Innovation District

PORTSMOUTH, Va. — For over 30 years, Daniele Cutler has lived in Portsmouth and watched the area near downtown and along the High Street corridor transform. “A lot of buildings here that have been something and were changed to something else,...

Press Release

Portsmouth Mayor focuses on growing business in State of the City Address

PORTSMOUTH, Va. (WAVY) – Portsmouth Mayor Shannon Glover delivered the State of the City address Friday at Rivers Casino, highlighting its success and others in the city, along with future plans to bring new businesses, grow offshore wind and...

Press Release

Governor Youngkin Announces $1.5 Million in Grants Through the Port Host Community Revitalization Fund

RICHMOND, VA –  Governor Glenn Youngkin today announced $1.5 million in Port Host Communities Revitalization Fund awards for the cities of Newport News, Norfolk and Portsmouth in advance of his international trade mission to Taiwan, Japan and...

Press Release

Rivers Casino Portsmouth Continues Commitment to Environmental Sustainability Ahead of Earth Day

PORTSMOUTH, Va.—April 18, 2023— Rivers Casino Portsmouth was recently awarded the 2023 Two Green Globes® certification for New Construction from the Green Building Initiative (GBI) — an international nonprofit organization dedicated to reducing...

Press Release

Woda Delivers Affordable Housing Project in Portsmouth, Virginia, as Country Grapples With Rising Housing Costs

A new mixed-use affordable housing development named in honor of late Mayor James Holley III opened its doors in downtown Portsmouth, Virginia, this past summer, helping to meet the critical need for affordable housing at a time when the country...

Press Release

Rivers Casino Portsmouth generates more than $24.5 million in first full month

PORTSMOUTH, Va. — It's been just under two months since Rivers Casino Portsmouth opened its doors on Jan. 23 to much fanfare. According to a new report from the Virginia Lottery, it appears people's enthusiasm for the city's new casino did not...