Richmond: Economy/Business/Real Estate

[wrldcoupe4]

10 hours ago, eandslee said:

Uh oh, that doesn’t look good.  So no up-coming good news?

The edits had nothing to do with the upcoming good news. 

[eandslee]

7 hours ago, wrldcoupe4 said:

The edits had nothing to do with the upcoming good news. 

That’s good to hear!  Thanks for the confirmation!

[Downtowner]

Some good news for Richmond today . Creating 129 new jobs here over in the stony point area of Richmond. 

 

https://www.richmond.com/business/local/global-shipping-transport-company-expanding-its-u-s-headquarters-in/article_94339931-f501-52d2-b822-2e4bd1c55f54.html

Edited August 22, 2018 by Downtowner

[eandslee]

8 minutes ago, Downtowner said:

Some good news for Richmond today . Creating 129 new jobs here over in the stony point area of Richmond. 

 

https://www.richmond.com/business/local/global-shipping-transport-company-expanding-its-u-s-headquarters-in/article_94339931-f501-52d2-b822-2e4bd1c55f54.html

You beat me to it!  This is SUPER news!  Wldcoupe4...is this the good news you were talking about earlier or is there more?

[wrldcoupe4]

4 hours ago, eandslee said:

You beat me to it!  This is SUPER news!  Wldcoupe4...is this the good news you were talking about earlier or is there more?

Nope. 

[eandslee]

13 minutes ago, wrldcoupe4 said:

Nope. 

Well, this is also good news because this means that more is coming!!

[wrldcoupe4]

What is the ho hum threshold?

[eandslee]

9 hours ago, wrldcoupe4 said:

What is the ho hum threshold?

For me there really is not one, but others may disagree.  At the very least, it would be good to be able to recognize it if I see it announced.  So, I guess if it doesn't make news, it's "ho hum."   Do you think it will pass this "threshold?"

[wrldcoupe4]

https://www.richmond.com/business/local/richmond-area-s-unemployment-rate-was-percent-in-july-down/article_0d702c0d-f2b3-51d0-a790-8b7001e53d3d.html

Strong local economy news 

 

[Brent114]

Richmond had the second highest household income increase in the country...

http://www.sandiegouniontribune.com/business/economy/sd-fi-sandiego-incomegrowth-20180914-story.html

[eandslee]

6 hours ago, Brent114 said:

Richmond had the second highest household income increase in the country...

http://www.sandiegouniontribune.com/business/economy/sd-fi-sandiego-incomegrowth-20180914-story.html

Wow...seems really random that Richmond would sneak in on that list., but okay, I’ll take it!

[wrldcoupe4]

Facebook is adding another $1B investment at its Henrico data center per the RTD. 

[eandslee]

17 minutes ago, wrldcoupe4 said:

Facebook is adding another $1B investment at its Henrico data center per the RTD. 

This is great news!  I just wish that these huge data centers needed more personnel to run.  Still, glad they are expanding their investment in the Richmond area!

[RVA-Is-The-Best]

Lol up here in Loudoun data centers often feel like they outnumber people

[eandslee]

2 hours ago, RVA-Is-The-Best said:

Lol up here in Loudoun data centers often feel like they outnumber people

I hear ya!  It’s just good that Richmond is getting some now too. Hope this is the start of a lot more coming!

[skycity]

A global biotechnology company chose to locate in Richmond over North Carolina:

https://augustafreepress.com/global-biotechnology-company-to-locate-in-city-of-richmond/

https://www.richmond.com/business/local/france-based-cancer-diagnostics-company-leasing-lab-space-in-virginia/article_2dc03d0c-26a5-50dd-aba7-63ef4bd7d5b9.html

Edited February 21, 2019 by skycity

[Wahoo 07]

https://www.richmond.com/opinion/our-opinion/editorial-virginia-port-authority/article_0779f5cd-7897-5264-8629-4f6f159ac79a.html

Nice success story about the  Port of Richmond.

[eandslee]

Haven’t seen it mention s here yet, but I think it is significant that Car Max is leasing more space downtown. They already have folks working at the lady bird hat factory building. Now they are about to lease more space (14,000 sq ft) at the Canal Crossing building.  Seems that Car Max is beefing up its presence downtown. I don’t think the HQ would move there anytime soon, but I might be able to imagine a significant workforce presence downtown.  I like to see our suburban companies have a presence downtown at the very least, but the holy grail would be to get them to move their HQ downtown.  Maybe one day when the city can get it’s act together...or if downtown just ends up being THE place to be in the metro area. Hoping for either!

https://www.richmond.com/business/local/carmax-leasing-space-in-canal-crossing-building-in-richmond-s/article_f5543cbe-2e7f-594b-b6e3-3247da17733d.html

[jbjust]

9 hours ago, eandslee said:

Haven’t seen it mention s here yet, but I think it is significant that Car Max is leasing more space downtown. They already have folks working at the lady bird hat factory building. Now they are about to lease more space (14,000 sq ft) at the Canal Crossing building.  Seems that Car Max is beefing up its presence downtown. I don’t think the HQ would move there anytime soon, but I might be able to imagine a significant workforce presence downtown.  I like to see our suburban companies have a presence downtown at the very least, but the holy grail would be to get them to move their HQ downtown.  Maybe one day when the city can get it’s act together...or if downtown just ends up being THE place to be in the metro area. Hoping for either!

https://www.richmond.com/business/local/carmax-leasing-space-in-canal-crossing-building-in-richmond-s/article_f5543cbe-2e7f-594b-b6e3-3247da17733d.html

They discovered that it is hard to get qualified employees for their web team that are willing to live/drive to Goochland every day.  Seriously. 

[wrldcoupe4]

7 Fortune 500 companies in the Richmond region. 3 additional in the top 1000. 

[skycity]

Henrico County to become a major internet hub. If anyone knows more about this and the implications for Richmond I would be interested: https://www.henricocitizen.com/articles/henrico-poised-to-become-global-internet-hub/

[eandslee]

7 hours ago, skycity said:

Henrico County to become a major internet hub. If anyone knows more about this and the implications for Richmond I would be interested: https://www.henricocitizen.com/articles/henrico-poised-to-become-global-internet-hub/

I wonder if this could turn the Richmond area into the next Silicon Valley or the next huge tech hub of the country (Austin, TX)?  They are certainly talking like it could!  This could be a boon for Henrico and Richmond as a whole since there will likely be businesses that come here to support the tech industry.  I hope it means that tech companies will relocate here and boost the population.  This could be HUGE!  We’ll see what happens.  More data centers are coming for sure though!

My heart fluttered a bit when it mentioned that this is analogous to RIC becoming a hub for American Airlines!  Well, it just might if the businesses come and the people come with them!  To me, this could be a little foreshadowing if everything happens like they say it will. This will be fun to watch!

[eandslee]

This video offers some perspective of the impact the Network Access Point (NAP) at the White Oak Tech Center (near the airport) will have on the region:

 

 

[rjp212]

Carvana is looking to build a large inspection and reconditioning center in Chesterfield off of Ruffin Mill/Woods Edge Rd.   Would bring about 500 jobs to the area.

https://www.richmond.com/business/local/online-auto-retailer-carvana-looking-to-build-large-inspection-and/article_a4f810b7-0e90-5837-a628-bb0bceb671c5.html

[rjp212]

Virginia is coming in at #1 for the 2019 Best States for Business.  Go us!

#1 Best Workforce

#1 Education (Tied with Massachusetts)

#3 Business Friendliness

#35 Cost of Doing Business

#32 Cost of Living

#17 Quality of Life 

https://www.cnbc.com/2019/07/10/these-are-americas-top-states-for-business-in-2019.html

https://www.cnbc.com/2019/07/09/virginia-is-americas-top-state-for-business-in-2019.html