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 »
News
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 »
Business owners look forward to ‘09
Before the bubbly started flowing, BizSense asked a few local business owners about their resolutions were for 2009. Here are the responses:
Contractors awaiting payment for work in Short Pump
Work continues at the mixed-use complex of West Broad Village in Short Pump, but several contractors have filed liens to make sure they get paid. Since October, seven companies have filed nine mechanic’s liens totaling more than $3.7 million against property owned by Unicorp National Development, the Florida-based developer of West Broad Village.
UR business dean leaving for GMU
Three and a half years ago Jorge Haddock became the dean of the Robins School of Business at the University of Richmond, but he won’t be there much longer. Haddock accepted an offer earlier this month from George Mason University in Fairfax to become the new dean of their School of Management. The GMU board… Read more »
Shockoe Bottom firehouse part of block-wide plan
A derelict block in Shockoe Bottom is about to get a major makeover. A group of local developers plans to turn the block into a mixed-use development with more than 200 residential units, 12,000 square feet of retail space and a restaurant. Construction could start next month. Developer Marcus Galt has spent the past two… Read more »
Owens & Minor to sell diabetes-supply business
Owens & Minor announced today they are selling their direct-to-consumer diabetes-supply business to a Pennsylvania-based medical-management company. Liberty Healthcare, a privately held company, will pay $63 million to acquire the diabetes-supply business which includes patents and patient information. Owens & Minor will retain remaining assets and debts associated with the business and continue to collect… Read more »
“Perfect Storm” watch
Memo to everyone, please stop using the expression “Perfect Storm.” It’s not only a cheap attempt at trying to make something sound more important, but it’s also misleading. It insinuates that a given event or consequence was a confluence of factors that nobody could have predicted. And more insidiously, it displaces blame from people who… Read more »
Pad the résumé, just not too much
Teachers love to tell their students that liars and cheaters never win. But when was the last time they updated their résumés? As local companies shed jobs by the hundreds, the job hunt is becoming more cutthroat by the day. Laid-off employees – or those who just want to be prepared – need to update… Read more »
Shopping cart manufacturer shuts down
It appears Rehrig has gone belly up and shuttered its 317,000-square-foot plant. More than 100 workers are likely out of work and local businesses that were owned money might not get paid. The phones are dead and the parking lot abandoned at a Chesterfield-based shopping cart manufacturer.