Budget cuts to include layoffs (Chesterfield Observer) About 25 full-time and an unknown number of part-time county employees may lose their jobs because Chesterfield will spend almost $45 million less in FY10 (starting July1) than is budgeted this year. The county’s general fund – how Chesterfield pays for most county services like police, fire, libraries… Read more »
Aaron Kremer
Aaron Kremer is the founder of Richmond BizSense. Email him at [email protected].
Should businesses listen to economists?
Mark P. Vitner, a Charlotte-based managing director and senior economist for Wachovia, spoke at the Virginia Commonwealth University’s Real Estate Circle of Excellence yesterday. Both the Times-Dispatch and Virginia Business wrote stories. “Vitner looks for the economy to be back in uptick mode by 2012 and 2013,” writes Virginia Business magazine. Why do business reporters… Read more »
NewsFeeds 2.26.09
House panel summons Circuit City officials (Times-Dispatch) Officials with Circuit City Stores Inc. have been asked to testify before a congressional subcommittee Tuesday to discuss what happened during its bankruptcy case. Trial date set for computer-seller accused of fraud (Virginian-Pilot) FAI and its founder, George Christian, will face trial on charges that they misled customers… Read more »
Is it me, or are there a ton of marketing firms in this town?
We’ve been reporting a lot lately on marketing firms that seem to be sprouting up left and right. (Click here and here.) We’ve received several more news releases about others and haven’t had time to learn about their stories. But the timing seems indirectly correlated with demand, and that could pose trouble for the new… Read more »
NewsFeeds 2.25.09
Martin Agency lays off 24 (Times-Dispatch) The Martin Agency laid off 24 employees yesterday after the spending projections by clients indicated the agency was overstaffed for the workload. The cuts represents 5 percent of the work force. Circuit City seeks incentives for executives, others on wind-down team (Virginian-Pilot) Circuit City is asking a bankruptcy judge… Read more »
How about a little discount?
Even the marble-encrusted board rooms of Richmond can resemble the flea market these days. Consumers and businesses are haggling for better prices or discounted second or third items, according to a series of Richmond BizSense interviews conducted over the past several weeks. Business owners and managers say it’s a dangerous game, because shoppers will expect… Read more »
Mental health services receive $1 million grant
Eye on the General Assembly: Residents suffering from mental illness will soon have expanded access to health care thanks to a $1 million challenge grant awarded to the Virginia Health Care Foundation.
NewsFeeds 2.24.09
West Broad Village developers shocked at utility bill (Henrico Citizen) Great reporting and a must-read. A financial dispute between the developer of West Broad Village and Henrico County is threatening to delay the completion of the project. At issue is the cost of connecting water and sewer service to the project’s 14 buildings. Officials from… Read more »
Wachovia Securities to get new name
First Wachovia Securities departs Richmond. Now the firm is doing away with its name all together. According to the Jacksonville Business Journal, Wachovia Securities will be renamed Wells Fargo Advisors in May.
RBS on Google News
Finally. After 6 months of rejection, our stories now go out on Google News. It’s a great boost for RBS. For starters, it makes us much more legit. Our stories now have the same web credibility as anything from the Times-Dispatch or the Wall Street Journal. And it means we get a ton more hits…. Read more »