When it comes to selecting filming locations, the movie industry takes a cue from Jerry Maguire: “Show me the money.” Unfortunately for Virginia, there isn’t much to show. But that could change if plans to provide more incentives to studios take hold in the General Assembly.
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Newsfeed 2.4.09
Area to feel Qimonda demise (Times-Dispatch) Some great reporting and analysis on a story we broke yesterday. Shutting down production of Qimonda AG’s computer memory-chip manufacturing plant in eastern Henrico County means the loss of 1,500-plus high-paying tech jobs and millions of dollars in tax revenue to the county and the state. A plan to… Read more »
Qimonda to close Richmond plant, lay off 1,500
Beleaguered computer chip manufacturer Qimonda announced this morning that it will close its Richmond operation, letting go around 1,550 of its 1,600 remaining employees.
Shipper departs Richmond
The Port of Richmond will lose its main carrier at the end of March. Belgium-based Independent Container Lines said last week that it would stop using Richmond to load and unload mid-Atlantic cargo and instead set up in Wilmington, N.C. ICL accounts for about 75 percent of the traffic at the port, which employs about… Read more »
Newsfeed 2.3.2009
LandAmerica to cut 291 more jobs (Times-Dispatch) Bankrupt Henrico title insurer LandAmerica filed notice with the state that all headquarters jobs would be phased out by Dec. 31. Employees will not receive any severance. The first wave of cuts will come April 1 and affect 42 people. The biggest wave will happen April 15 when… Read more »
Shockoe Slip gift card
Retailers and restaurants in Shockoe Slip have joined forces to lure more shoppers to the downtown destination. Starting now and running through the end of March, people who spend $100 at participating stores will receive two River District Canal Cruise tickets and two vouchers good for $5 off meals at nearby restaurants. But wait, there’s… Read more »
Glen Allen man charged in Fannie Mae plot
Computer programmer and Henrico resident Rajendrasinh B. Makwana pleaded not guilty Friday to a federal charge that he planted a virus on Fannie Mae’s computer system that was designed to wipe out all of the company’s data nationwide.
Discounts for Circuit City employees
While Circuit City is stingy with the liquidation specials – offering a measly 10% off MSRP – at least one local business is trying to lure Circuit City employees by offering a better discount.
Launch, baby, launch
We interrupt your regularly scheduled BizSense reading to bring you this update. For those of you who maybe didn’t notice the difference, we relaunched the website this morning. And, boy, are my arms tired.
Monday Q&A: Richmond biz broker Rick Hayden
If you keep seeing “Under New Management” signs all over the place, you’re not imagining things. Rick Hayden, founder of Richmond-based ABBN Business Brokerage, says he has seen a boom in the number of people looking to buy an existing business.