Several payday lenders – such as Check ’n Go and Allied Cash Advance – are leaving Virginia. Advance America, which operates the Cash Advance Centers of Virginia, is on the ropes, too. CNS analyzed the location of the 598 payday loan stores registered in Virginia as of April 7. The analysis examined the number of payday lenders by Zip code. The 23230 Zip code boasts one of the highest concentrations of payday lending stores in Virginia, with almost one location for every 1,000 residents. The area is also among the poorer sections of metro Richmond, with a median household income about $10,000 below the state average.
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Chester staffing firm cuts 261 jobs
Chester-based AdvantaStaff Inc. has notified the state that it will lay off 261 employees. Employees at the staffing services company were notified on Monday and the cuts will take effect 30 days later on June 5. The company is one of Chesterfield County’s top 25 employers, listed eighth in an annual economic impact survey the… Read more »
Calling in sick in a recession
Workers nationwide are taking more sick days as stress from the recession and increased workloads are taking a toll, Personneltoday.com reported this week. But Richmond professionals say absenteeism has waned in light of fears over unemployment. The average worker missed nine days last year, up from the five days reported the previous year. That is… Read more »
Newsfeed 5.6.09
Flynn’s Last Stand? (Style Weekly) Controversial community planner Rachel Flynn has battled developers for three years. Now some people call for her resignation. The brouhaha started when, during an April 20 Planning Commission meeting, members asked Flynn to look at new language offered by the developers of Echo Harbour, a proposed condo development along the… Read more »
Listener revolt over Clear Channel layoffs
As part of nationwide cuts, radio giant Clear Channel Communications split up a popular morning show duo on Q94 94.5 FM. Sid Kelly, of the Sid and Melissa Morning Show, was fired from the station and the show disbanded. It has been replaced it with The Elvis Duran Morning Show from Z-100 in NYC. The… Read more »
Va. solar biz prepares for $39 million stimulus
The sun hasn’t set on solar incentives yet. The General Assembly rejected a $2 million tax credit program for renewable-energy systems this past session, but that’s small change compared with the $39 million in federal stimulus money the state of Virginia wants to dedicate to fund development of solar and wind energy systems. That is… Read more »
Local Cuban Americans mixed on Obama gesture
Cuban American business owners and professionals in Richmond are not on the fence about President Obama reaching out to the island that the United States has kept an embargo on almost five decades. They either love the gesture or they hate it. “It’s pretty much anybody over 50 is for the embargo and pretty much anybody under… Read more »
Newsfeed 5.5.09
Duvall, congressmen voice opposition to proposed Wal-Mart (Times-Dispatch) Actor Robert Duvall, who is related to Robert E. Lee and portrayed the Confederate general in the movie “Gods and Generals,” has some credentials when it comes to the Civil War. Duvall, 78, drew upon those connections yesterday to make the case against a proposed Wal-Mart Supercenter… Read more »
Chesapeake sold for $485 million, HQ moving to UK
Chesapeake Corp., the Richmond-based paper packaging company, announced today its planned acquisition by New York-based Irving Place Capital Management and Los Angeles-based Oaktree Capital Management has been completed for $485 million. The company’s headquarters will move from Richmond to Amersham in the United Kingdom. The company, which began as a pulp mill in West Point,… Read more »
Pirate flag over Qimonda
Last Thursday was Christopher J. Davis’s last day at the Qimonda chip manufacturing plant in Eastern Henrico. He turned in his badge and walked out into the courtyard. Instead of getting in his car and driving home for the last time, Davis had one last thing to do.