News

UVA grads make more than VT grads; both earn more than VCU grads

Where you go to college can have a huge effect on how much you make over your career, even more than your major. The differences get magnified later in life. A yearlong study conducted by the compensation company PayScale Inc. found that Virginia Tech grads earned more upon graduating than UVA grads. But after ten… Read more »

Just don’t call it a golf cart

Virginia Golf Cars, a Harrisonburg-based seller of golf carts with a large showroom in Richmond’s Southside, has started selling a street-legal vehicle. Golf carts are typically not allowed on public roads. Their normal habitat is more often gated communities, RV parks and for business use, apartment complexes and college campuses. Property managers and house keeping… Read more »

Richmond doc wants to create a database for surgeries

Dr. William Jiranek has for years tried unsuccessfully to set up a state-wide database that tracks patients who receive joint replacements. Jiranek, who works in the Department of Orthopedic Surgery at the VCU Medical Center, said that so far only six of an estimated 200 doctors doing joint replacement in Virginia are participating.

Virginia Best State for Business

For the third straight year, Virginia has been named the Best State for Business by Forbes. Virginia ranked 7th in labor supply, 6th in quality of life, and 6th in economic climate. It was also ranked 1st for regulatory environment, thanks in part to the second-best incentive programs in the country. Only two other states,… Read more »

45,000 sign up for Ukrop’s gas promotion

Richmonders have knocked $256,000 off their gasoline bill by swiping their Ukrop’s member cards at Uppy’s gas stations. Las month, Ukrops and Uppy’s launched a joint promotion last month called fuelperks!. BizSense reported it here. For every $50 spent on groceries at Ukrop’s, customers get 10 cents off each gallon of gas at Uppy’s. If… Read more »

Business loans harder to get

Bankers are taking longer to issue business loans and asking for more collateral when they do issue them, according to bankers around Richmond. Even companies with solid credit and long-established relationships are having more trouble getting financing, which is an essential ingredient for growth. The number of loan requests, meanwhile, is also falling. “Entrepreneurs feel… Read more »

CFO and CAO leave S&K

Long-time S&K Menswear CFO Bob Knowles has left the company. Controller and Senior Vice President & Chief Accounting Officer Janet L. Jorgensen has also left the company. Knowles was with the company for more than 25 years. S&K announced last week that it was cutting 50 local jobs. CEO Joseph Oliver could not be reached… Read more »

Small cars hit puberty and get popular

CarMax, reported that searches for smaller, more fuel-efficient vehicles on the company’s website continue rising. The Mazda3 moved up from the 39th most popular search in March to the 16th most popular search in June. The VW Beetle (shudder) rose from 71 to 40. Meanwhile, Cars.com reported that sales for the Honda Fit were up… Read more »

How about a little something for the effort?

Workers who rely on tips are starting to see the tip jar as half empty. In a BizSense survey, 70% of workers in a tip-dependent industries said that their compensation has gotten noticeably worse this summer compared to previous months. We surveyed 25 workers, including waiters, waitresses, hair dressers, shoe cleaners, bus boys, delivery boys… Read more »