News

SBA to offer debt relief in June

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.

No word on Richmond GM closings

GM dealers in Richmond are remaining tight-lipped about which dealerships might be forced to close at the behest of parent company General Motors.

Dean search at UR Biz School back to square one

Citing financial considerations, Henry N. Butler, has withdrawn as the next dean at University of Richmond’s business school, according to an email sent to faculty and staff.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.

Study says city support needed for ballpark

After reviewing the results of a $100,000 economic feasibility study, Mayor Dwight Jones still isn’t quite ready to greenlight a $318 million mixed-use project in Shockoe Bottom.

Vacancy signs stay on this year

Even with Memorial Day around the corner, it doesn’t feel like a time to celebrate for Virginia’s hotel operators.

Monday Q&A: Why are local banks merging like crazy?

Within the last month, six Virginia banks have paired up faster than high schoolers on prom night. For the Monday Q&A, RBS sits down with two banking consultants and asks what the mergers may mean for local business, and whether local banks have buyer’s remorse about taking TARP money.

Area sales still slipping

Local spending is still in the doldrums, down about 6.4% in the first quarter compared with the same time a year ago. But some sectors of the consumer economy are seeing a sales increase, and a few others are showing signs of improvement.

Stimulus might bring money to Va., but at what long-term cost?

“I’m from the government, and I’m here to help” – nine of the most terrifying words in the English language, as Ronald Reagan famously said. But right now all sorts of Americans and business owners are wondering what form government relief might take with a proposed federal stimulus package valued at $787 billion.

Two local Chrysler dealerships part of nationwide cut

Two of the area’s Chrysler dealerships will be closed by the automaker, according to a list of 789 that appeared Thursday morning as part of Chrysler’s bankruptcy proceedings. And the pain is going to get worse. GM is announcing today dealerships it will close. One source has said that could be three to five in… Read more »