News

Limo company moves to the Boulevard

Consumers and businesses might be cutting expenses, but that doesn’t seem to stop them from riding in style. James Limousine increased sales 40 percent over the previous year. Now the company rings in the New Year by moving into a 27,000-square-foot facility at 1207 North Boulevard. Randy Allen, co-owner and vice president of sales and… Read more »

Food Banks Hungry for More Funding

Area food banks are struggling with increasing demand for services. After asking the state for $1 million in emergency funding, the Federation of Virginia Food Banks is preparing for an unprecedented amount of need during 2009. Leslie Van Horn, executive director of the Federation of Virginia Food Banks, says the state’s food banks are in… Read more »

Getting stiffed

Hurry up and wait. That’s the only option for local businesses owed money by bankrupt Circuit City and LandAmerica. More than 1,000 entities are owed money by Circuit City, according to a list of creditors filed with the bankruptcy court in Richmond, and the money from a liquidation sale might not yield enough money to… Read more »

Richmonders driving less

Richmond motorists are spending less time on the roads – or at least avoiding the tolls on the Southside. According to the Richmond Metropolitan Authority, traffic at the Powhite Parkway mainline toll plaza has been falling since February compared to the previous year. Around 543,000 fewer drivers have passed through the tolls so far this… Read more »

Newsfeeds for January

1.29.2009 Richmond gets extra time on ballpark (Times-Dispatch) The developers pitching a minor-league ballpark for Shockoe Bottom are giving Richmond Mayor Dwight C. Jones an extra five months to swing. Region’s new homebuilding hits lowest point since 1984 (Virginian-Pilot) New home construction and sales in Hampton Roads last year fell to their lowest point in… Read more »

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VCU foundation buys former Ukrop’s for $9 million

The VCU Real Estate Foundation purchased the former Ukrop’s store and parking lot at Grace and Harrison streets for more than four times what a previous investor paid in 2002. The purchase price is three times the property’s assessed value, according to city land records. The purchase was completed Dec. 23. The foundation is a… Read more »

Interns take financial message to the web

Virginia Tech student Ben Jones, 21, said he has made many financial mistakes in the past.  His grandmother once gave him a gift of $200. He spent it all in a day. “If I had put in the savings account … I’d be better off today,” Jones said. Now an intern at the Richmond-based investment… Read more »

The key to success in 2009

This might just be the year of the small business, but buckle up: Things will likely get worse before they get better. Economists often say that each high-paying job at a manufacturing plant or corporate headquarters creates three other jobs. After all, someone has to do the dry cleaning and cook the restaurant meals. So… Read more »