To thousands of guitar aficionados, Richmond is known as the return address for one of the finest craftsmen in the world. That’s because Lindy Fralin has built a rabid following for his Richmond-made guitar pickups, magnetic and copper wire apparatuses that translates the vibration of metal (the strings) into sound and send it to the amplifier. Fralin’s story is a refreshing lesson for budding entrepreneurs — if you can be the best at whatever it is you enjoy, you can build a thriving business.
Dominion Resources gave more than $1 million to local free health clinics at a ceremony at Fan Free Clinic Tuesday. And the timing is right — patient volume at the free clinics in Richmond is up 25 percent compared to last year, on account of the economy.
On Monday, Toad’s Place of Richmond LLC filed for Chapter 7 liquidation in U.S. Bankruptcy Court. The club closed in March when the landlord changed the locks. At that time, the venue fell four or five months behind on its $40,000 rent.
Forget Big Brother. From its headquarters in Powhatan County local startup InteliTap, tracks kegs of beer from the brewery to the moment its contents are poured into a customer’s frosty glass. The company can notify a bar owner anywhere in the world when a barkeep is a little too generous with a pint of the good stuff. And business is set to grow 80 percent this year.
You know how co-workers or friends e-mail you articles or videos they think you might enjoy? Twine acts as an aggregator, allowing users to post those links directly to their Twine. Then they can match up with other Twiners who share the same interests. There could be a lot of potential there down the road if enough people jump on the bandwagon.
Both non profit hospitals in Richmond are still very much operating in the black, but large investment losses are dragging down their financial performance, and that could clog the pipeline for new buildings and potentially increase the cost of borrowing in the future. And both say more patients are postponing certain care and having more trouble paying.
One of Richmond’s fastest growing firms is taking a small step back, laying off employees on account of the recession.
Two auto bankruptcies in two months. RBS catches up with Donald Hall, of the VA Automobile Dealers Association for his insightful analysis of how this will play out locally.
Paul Kitchen, CEO at a new health insurance startup, says costs can be better contained when consumers approach their health care bills the same way as other purchases, and reap the rewards of living healthier lifestyles.
The two firms leading the development effort, Commonwealth Commercial Partners and Dominion Realty Partners, have been mostly quiet on the project since first announcing their intent at the end of last summer. But engineers filed permits last week to start around $18 million in renovations.