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.

Jared Chalk
Executive Director of Norfolk EDA

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

  • Antonio L. Sisco – Chairman
  • Jeffrey Brooke – Vice Chairman
  • Kim P. Brown
  • Jaeson Dandalides
  • Matthew T. Hales
  • Richard H. Ottinger
  • George Polizos
  • Kelsey Host-Sarcone
  • Carter Smith
  • Morgan Whayland

EDA Appointed Staff

  • Jared Chalk, Executive Director
  • Sean Washington, Secretary / Treasurer
  • Dawn Ryan, Assistant Secretary / Treasurer

EDA Restated By-Laws 2015

 2015 By-Laws

Annual Audits by Fiscal Year

FY 2021 Audit

RFP for a Certified Public Accountant for the EDA

RFP for CPA Services

Military Circle Mall Redevelopment

UPDATES 02/18/22

Meetings in 2022

*First Wednesday of Every Month*

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