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Hampton Roads Alliance urges region to lean into defense, energy and AUKUS opportunities
Summary
Doug Smith, CEO of the Hampton Roads Alliance, told the Hampton City Council work session the region should focus economic development on defense, energy and a new regional investment playbook tied to AUKUS and DOD spending to grow jobs and supply chains.
Doug Smith, chief executive officer of the Hampton Roads Alliance, told the Hampton City Council work session on Oct. 26 that the alliance is steering regional economic-development strategy toward defense, energy and a proposed regional investment playbook to capture Department of Defense and related private-sector investment.
Smith said the region’s concentration of military installations and the submarine industrial base create a unique opportunity. “At the end of the day, we’re a military industrial defense community,” he said, adding that the alliance is prioritizing both defense supply chains and energy-related projects.
The Alliance presentation argued the region has a rare set of assets: 19 military bases, a substantial DOD spending footprint, major port capabilities and research institutions. Smith said the alliance’s…
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