If campaign contributions are any indication, the Richmond business community is rallying behind Republican Bob McDonnell to become Virginia’s next governor.
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58 laid off at Capital One
Capital One Financial Corporation is cutting 58 jobs from their US Card division. About 40 of the cuts in the Richmond area, the rest will be at the company’s headquarters in McLean.
NewsFeeds 4.23.09
Hotel owner is banking on BRAC (Progress Index) Jim Clayton is bullish that BRAC will fill his hotel. Clayton, who invested $12 million in his Stay-Over Suites extended-stay hotel on Old Woodlawn Street near Interstate 295 in Hopewell, believes growth at Fort Lee through the Base Realignment and Closure process will bring a big boost… Read more »
Staycation destination: Goochland?
With the recession putting a pinch on vacation plans, many people may plan to spend their summer days off exploring new places close to home. At least that is the hope of a Goochland group that recently organized to promote tourism to the county. About 15 business owners and other residents, including Wayne Dementi of … Read more »
Office Sense: Inside Boxwood Partners HQ
It’s been a busy year for Boxwood Partners, an M&A advisory firm that also manages a private equity fund specializing in technology and online retailers. After about a year in business, the company is ready to move from its Shockoe Bottom digs into something with 6,000 or 7,000 square feet. Go inside the current office and meet the staff with RBS.
NewsFeeds 4.22.09
Ginter Place Associates in bankruptcy; Ginter Place condo project is not (Times-Dispatch) Ginter Place Associates, which owns property east of the condo building, was forced into an involuntary bankruptcy petition late last month to stop a foreclosure on one of its buildings. James City Co. plant to get $20 million upgrade (Virginian-Pilot) A James City… Read more »
UR startup shuts down, for now
The runner-up in a business plan contest at UR has run into some unexpected legal challenges and forced to close down operations days after getting thousands of clicks from a New York Times blog piece.
The state of pay in Richmond
The results of a BizSense HR study are in. Accountants make more than mechanics, who earn almost twice as much as housekeepers. And with the stock market in the tank, CEOs at private companies are only out-earning their nonprofit counterparts by an average of $50,000. Much of that difference comes during bonus season.
NewsFeeds 4.21.09
Seven local companies make Fortune 500 (Times-Dispatch) In what Fortune magazine called the worst year ever for companies on its Fortune 500 list, the Richmond area held its own, though with some major footnotes. Layoffs hit law firms nationwide (Inside Business) Free once you register. Businesses are trying to avoid the onerous cost of legal… Read more »
The numbers in the Anderson Strudwick deal
Richmond BizSense has learned more about the Anderson Strudwick sale to Tennessee-based Wunderlich Securities.