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.

Media inquiry? Contact us at 757-393-8804 or

Latest News

Press Release

Governor announces $500,000 Grant to Revitalize Former Coal Plant in Portsmouth

Governor Northam Announces Grants to Grow Oyster Industry in Newport News, Revitalize Norfolk Railyard at Lambert’s Point and Former Coal Plant in Portsmouth New fund dedicates $1 million to support port host community

Press Release

Port of Virginia Signs Lease with Ørsted for Offshore Wind Terminal

Virginia Governor Ralph Northam has announced an agreement for wind farm operator Ørsted to lease a portion of Norfolk's Portsmouth Marine Terminal for offshore wind staging materials and equipment. Ørsted could use the site for its work on the...

Press Release

Portsmouth Enterprise Zones Renewed

Find information on Portsmouth Enterprise Zones here or call us at 757-393-8804. Virginia renews 15 Enterprise Zones State program has generated more than $1.5B in investment and 50,000 jobs since 2015. Fifteen

Press Release

Municipal Magazine Article | Portsmouth Moves Toward Becoming a Gigabit Community

View The Municipal article here Read the full December 2019 Municipal Magazine here.

Press Release

Rush Street Gaming Announced as City of Portsmouth’s Destination Casino Partner

Portsmouth, VA – The City of Portsmouth has announced their partnership with Rush Street Gaming, one of the fastest-growing gaming companies in North America. The Portsmouth Economic Development Authority signed a...

Press Release

Portsmouth Economic Development Report

The New Portsmouth offers efficient Mobility via improved Infrastructure that ties our roads, rails, waterways, and people together.

Press Release

Portsmouth Looks to Fill Empty Spaces Downtown

Inside Business Economic Development By Briana Adhikusuma With empty storefronts mixed in among businesses along High Street in downtown Portsmouth, the city is looking ahead to fill those vacant spaces. A big loss on the horizon is the...

Press Release

Kalmar USA Expands Operations in City of Portsmouth

(PORTSMOUTH, VA – March 1, 2018) – The City of Portsmouth’s Department of Economic Development announced Kalmar USA Inc., a cargo handling solutions business, will expand its operations in Portsmouth’s Midtown business district in March 2018....