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South Tidewater News

Thursday, October 17, 2024

CITY OF NORFOLK: Economic Impact 2020

Eco

City of Norfolk issued the following announcement on July 13

Number of Employees: 

Full Time 71

Part Time 55

Average Salary (FT employees only): $74,269.00

Client Rent Paid to Franklin: $132,247.44*

Taxes Paid to Franklin: $10,168.24

Taxes Paid to Virginia $76,994.46

Taxes Paid to IRS: $128,728.91

Total Business Profits: $5,314,960.28

Signed Contracts: $6,199,000.00

Pending Contracts: $7,900,000.00

Eight new and expanding clients signed leases at the Franklin Business Center.

*Budgeted for $ 134,000.00. July 20-June 21

Original source can be found here.

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