Several Newport News Businesses with Strong Growth, Community Engagement
Companies across the City are expanding their businesses, often with local impact
Newport News continues to demonstrate strong business momentum, with several key companies advancing initiatives that strengthen both the local economy and community well-being. Through leadership changes, public outreach, job creation, and education-focused philanthropy, these institutions are reinforcing their roles as corporate citizens.
BayPort Credit Union Expands Leadership, Awards $100K in Scholarships
BayPort Credit Union has announced executive leadership changes while deepening its commitment to educational access. On June 17, 2025, the BayPort Foundation awarded $100,000 in scholarships to 36 individuals, including working adults, college students, and high school seniors from the region. The awards aim to ease financial barriers and promote academic success across multiple age groups. Earlier this year, the foundation also raised over $140,000 through its annual Charity Golf Classic, ensuring sustained support for local scholarships and outreach programs. BayPort remains a regional leader in financial wellness, offering personalized banking services and youth-focused educational initiatives.
Liebherr Hosts Regional Customer Open House at Newport News Facility
Liebherr Equipment Source opened its Newport News facility to customers during a June 6, 2025, open house event. Visitors explored the company’s machine shop and parts warehouse while engaging directly with employees and technical staff. The event served not only to showcase Liebherr’s earthmoving and material handling technologies but also to connect with local residents and promote awareness of career opportunities in advanced manufacturing.
Ferguson Reports $29.6B in Revenue, Anticipates Q4 Results in September
As one of Newport News’s largest employers, Ferguson Enterprises Inc. continues to drive economic activity on a national scale. For the fiscal year ending July 31, 2024, the company reported $29.6 billion in revenue and a workforce of approximately 35,000 people across North America. Headquartered locally, Ferguson plays a vital role in supporting infrastructure development and job creation, while also preparing to release its next quarterly earnings report on September 16, 2025. The company’s broad reach across plumbing, HVAC, and water systems helps sustain key industries across the U.S. and Canada.
Dilon Technologies closes on financing
Newport News-based Dilon Technologies, Inc. recently secured $9 million in growth capital financing, signaling continued investment in the region’s tech and innovation sector. The funding will support product development, operational growth, and high-skilled job opportunities, further establishing Newport News as a hub for advanced medical and imaging technologies.
From financial support for students to public engagement and high-value job creation, Newport News businesses are blending economic success with community responsibility—fostering a future that’s both prosperous and inclusive.
A Newport News Contributor produced this article using AI and these sources:
Liebherr Equipment Source hosts open house event
Ferguson Launches Global Capability Center
BayPort Foundation Awards $100,000 in Scholarships to 10 Working Adults, 13 College Students, and 13 High School Seniors
BayPort Credit Union Announces New Executive Promotion and Appointment
Bayport Credit Union - About
Dilon Technologies, Inc. Closes $9 Million in Growth Capital Financing