News

Forklift facility to pull out of Richmond

For the past five years, an 80,000-square-foot facility near the Richmond airport has served as the U.S. headquarters for a German forklift manufacturer.

Nonprofit’s $12 million Northside expansion

For the past decade, Greater Richmond ARC has been working on plans to move from their current address at Westwood Avenue and Lanvale Street, a retrofitted tractor-trailer repair facility. The organization provides support and job training for people with developmental disabilities.

Sayonara: Sushi bar closes

A city sushi bar recently closed its doors. One block over a coffee shop also closed, but is reopening with new owners.

Local glove company swings into the majors

When Atlanta Brave Vladimir Núñez stepped to the plate last summer, it was the closest Pete Vinci had ever been to the majors. Vinci and his son run a baseball mitt company based in Richmond. The company launched in 1997 and now has more than 65 types of products. And several other major leaguers have recently taken the field with Vinci gear.

Reshaping the retail landscape

Frugal is the new black in Richmond. Total taxable sales during the second quarter totaled $2.64 billion for Richmond, Henrico and Chesterfield combined, or 4 percent less the same quarter in 2008. But some local industries are doing better than last year.

Monday Q&A: News isn’t always free?

All this hubbub about PAID CONTENT in the media biz suggests this is uncharted territory. But that’s dead wrong. Will Stewart, who owns SportsWar, which runs sports-fan-related websites for UVA and Virginia Tech, has been charging subscribers for a decade. This week, BizSense chats with Stewart about the future of the subscriber model.

Retail vacancy continues to rise

Vacancy for retail space in Richmond rose to almost 7 percent at the end of the second quarter. And that could mean banks might soon start taking back some retail properties if tenants don’t start signing leases soon. Meanwhile tenants who do sign leases are getting bigger discounts than six months ago.

A dry run for entrepreneurs

In September, the business school at the University of Richmond is hosting Live Fire, where businesses can give a 15-minute pitch to a panel of angel investors. There is no money on the line, but entrepreneurs can gain valuable pitching skills and make new contacts.