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The Norfolk Economic Development Authority

OUR MISSION:

The mission of the Economic Development Authority (EDA) is to create jobs, maximize the utilization of Norfolk’s real estate, foster business capital investment, increase revenue by growing the tax base, focus on efforts to build on the strengths and the needs of neighborhoods, and support minority and small businesses.

Sean Washington

Executive Director of Norfolk EDA
757-664-4338

The EDA is a political subdivision of the Commonwealth of Virginia created by the City to acquire, own, lease and dispose of properties to promote industry and induce businesses to locate and remain in Norfolk. The EDA is authorized to issue revenue bonds to finance facilities for non-profits, manufacturers, and businesses in an Enterprise or Empowerment Zone. Neither the EDA nor the City have any liability under the bonds. Liability is assumed by the enterprises for which the facilities are constructed.

Revenue Bonds Issued

Bonds are limited to manufacturing businesses, or businesses in Enterprise / Empowerment Zones, or 501(c)(3) non-profit organizations. Bond qualifications are determined by the Internal Revenue Code.

Board of Directors

  • Jeffrey Brooke – Chairman
  • Morgan Whayland- Vice Chairman
  • Kim P. Brown
  • Jaeson Dandalides
  • John Garrett
  • Richard H. Ottinger
  • Henri Patten
  • George Polizos
  • Simon Scott
  • Carter Smith
  • Keith Warren

EDA Appointed Staff

  • Sean Washington, Executive Director
  • Robert Sharak, Assistant Executive Director
  • Michael Paris, Secretary / Treasurer
  • Dawn Ryan, Assistant Secretary / Treasurer

EDA Restated By-Laws 2015

2015 By-Laws

Annual Audits by Fiscal Year

FY 2023 Audit

FY 2022 Audit

FY 2021 Audit

 

Military Circle Mall RFP

Notice of Public Hearing

PRIVATE ACTIVITY BOND FINANCING FOR OLD DOMINION UNIVERSITY REAL ESTATE FOUNDATION

 

Port Infrastructure Development Program (PIDP)

The Port Infrastructure Development Program (PIDP) provides funding for projects that improve the safety, efficiency, or reliability of the movement of goods into, out of, around, or within ports, including the improvement of facilities within, or outside of and directly related to operations of, or an intermodal connection to, coastal seaports, inland river ports, and Great Lakes ports.

Port Infrastructure Development Program (PIDP)
Port Infrastructure Development Program (PIDP)

Meetings in 2025

Monthly EDA meetings are typically held the first Wednesday of every month. The EDA Budget committee meeting will only be held at 11:15 am, followed by the Monthly EDA Meeting at 12:00 pm when financial business matters are bought to the committee for review and discussion and an agenda will be provided on the list below.

Unless otherwise noted every meeting will take place at our office building, 999 Waterside Drive, Suite #400, Norfolk, VA 23510 at 12:00 pm. 

Monthly EDA meetings are typically held the first Wednesday of every month. The EDA Budget committee meeting will only be held at 11:15 am, followed by the Monthly EDA Meeting at 12:00 pm when financial business matters are bought to the committee for review and discussion and an agenda will be provided on the list below.

Unless otherwise noted every meeting will take place at our office building, 999 Waterside Drive, Suite#400, Norfolk, VA 23510 at 12:00 pm.