Qimonda, LandAmerica, Circuit City, Genworth. Four of the major corporations and private employers in Henrico County have shed at least 5,000 high-paying jobs. And it’s likely to get worse before it gets better, says Leonard Cake, the county’s director of economic development. Still, the county has more than 20,000 businesses, and as of November the… Read more »
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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 »
‘Small businesses really drive the train,’ says mayor-elect
As Mayor-elect Dwight Jones prepares to transition from the pulpit back to public office, Richmond BizSense sat down with him to find out his plans for economic development and fostering business growth. Jones, a Philadelphia native with a deliberate delivery, is no stranger to doing business in Richmond. He chaired the downtown development group Richmond… Read more »
Surf’s up, couch style
Talk about homestyle. One social networking site is providing travelers with a free alternative to staying in a hotel. That might be why about 10,000 people a week sign up to join CouchSurfing.com. The Couch Surfing Project matches people all over the world who have an extra couch or bed with someone looking for a… Read more »
Solve the riddle: Bank, Si, Pie
What’s with the one-word names for restaurants? Mo Roman, who owns the swanky downtown eatery Bank, as well as the fan tapas joint, Si, is working on a pizza place called Pie. He has leased space in the Berry Burke building at 525 E. Grace Street, which is across the street from the Center Stage… Read more »
Highwoods pitches plan to Shockoe Bottom
Planners of a proposed downtown ballpark development made a pitch to and fielded questions from residents and business owners Monday night at the Shockoe Bottom Neighborhood Association’s monthly meeting. “The area you are looking at for redevelopment is mostly parking lots. There really hasn’t been any significant development here since [tropical storm] Gaston,” said Highwoods… Read more »
The Times-Dispatch’s Trifecta of Confusion
The whole user generation thing isn’t a great business plan for a newspaper company when users can slam your new product on the day of its launch. Yesterday Media General split the Times-Dispatch.com from InRich.com, and dozens of comment on the Times-Dispatch’s ridicules the layout and usability. Before Thursday, if you typed in www.timesdispatch.com, you… Read more »
Is the ‘Curse of Diamond Duck’ over before it took hold?
Richmond might some day lament the day Diamond Duck left for Atlanta, ushering in an era without baseball. A new stadium would probably cure any budding curse before it becomes debilitating. (Read: Curse of the Bambino) Developer Highwoods Properties and their team have until March 1 to submit a letter of intent and outline their… Read more »
A decent city for singles
Richmond is ranked 42nd among the 100 best metropolitan areas relocating singles, according to the yearly list compiled by relocation analysts Primacy Relocation and Worldwide ERC. The study uses population, economic and quality-of-life criteria to score each city. Some of the more specific factors include the prevalence of bars and restaurants, the cost of living… Read more »
Developers throw Richmond a meatball. Or is it a knuckle ball?
On Monday the City of Richmond finally announced its plans for Shockoe Bottom and North Boulevard: Tear down the Diamond, and build a new stadium downtown. Throw in an ample mix of retail, office and residential development at both sites. Just $765 million later, fans will have a new baseball team, the city will once… Read more »