Virginia Commonwealth University and the University of Richmond are spending $155 million on current projects, building dorms, stadiums and research centers. That’s been a blessing for some local construction firms.
Insurance agents in Richmond who help businesses select plans say they are hearing from every one of their clients as the recession forces business owners to find savings.
The Midlothian Initiative to Revitalize Rights of Way plans to ask the Chesterfield Board of Supervisors this fall to raise property tax rates on some businesses along Midlothian Turnpike to pay for $340,000 in landscaping.
GM and Chrysler pulled a fast one, says Mark Smith, who owns the area Midas stores. Smith is seeing some of the ripples at his shops, which are having trouble finding certain parts. But the owners will survive, he says.
A Utah-based health care staffing company will open a new office in Richmond this summer.
Just like Circuit City before it, at the end of its corporate life no other company was interested in buying S&K Famous Menswear and trying to turn it around. The company was founded in 1967 by two brothers who found a niche selling quality men’s clothes at a good price, but that niche evaporated as fewer men bought suits and the lower-end marketplace became more cutthroat. Plus, a brief Q&A with former CEO Joseph Oliver.
VCU Medical Center has gone almost completely paperless, putting the local hospital at the fore of a federal push to digitize records.
For Richmond businesses struggling to make monthly debt payments, a new Small Business Administration program could provide a lifeline. The emergency loan program will start accepting applications in mid-June, the agency announced Monday. Business owners interested in the program should contact their local bank.
GM dealers in Richmond are remaining tight-lipped about which dealerships might be forced to close at the behest of parent company General Motors.
Citing financial considerations, Henry N. Butler, has withdrawn as the next dean at University of Richmond’s business school, according to an email sent to faculty and staff. The school will restart the search for a new dean.