VIDEO: Mayor Fraim discusses sequestration impact on Norfolk

Print
Email
|

by 13News

WVEC.com

Posted on March 1, 2013 at 2:34 PM

Updated Wednesday, Oct 30 at 6:30 AM

NORFOLK -- This is the complete interview with Mayor Paul Fraim about what the impact he believes sequestration will have on the city economy, especially since Norfolk is home to the world's largest naval base.

He says 46 percent of the local economy is built around defense spending, that the city has counted over 700, nearly 730 companies in Norfolk that work with the defense industry. They include large companies with businesses here like General Dynamics and BAE Systems and smaller sub-contractors, so the entire range of the defense industry is going to feel these impacts.

 

 

Don't miss our special report on this important issue Friday at 7:00 pm. Submit your questions on our Facebook page or on Twitter with the hashtag #hrsequester. More coverage here

Print
Email
|