Home | Richmond VA, Economic and Community Development


The City of Richmond:
Virginia’s Working Capital

Since its founding in 1607, the city of Richmond has always been the strategic center of commerce, innovation, and decision-making power in the Commonwealth of Virginia. The city offers low business costs, a pro-business climate, robust financial programs, and a smart, creative workforce with solid education and experience in the technical, scientific, and creative professions. So, in a city founded on commerce, innovation and decision-making power, where will your company get to work?

Want to learn more? Click here to learn about the city of Richmond’s advantages. 

Community Profile

The 2015 Richmond Community Profile is tailored for review by residents and businesses alike and details specific information regarding population, industry, and quality of life. Read the report.


Economic & Community Development News

August 15th, 2016

ICMA-RC, a Washington, DC-based financial services firm has picked the city of Richmond as it's new office location, adding 200-250 new jobs. Learn more.

August 15th, 2016

According to CNBC.com's list of America's best places to start a business, Richmond ranked number 11. CNBC states, "Richmond offers entrepreneurs the best of both worlds: an educated workforce, low costs, both government agencies and private-sector companies as potential customers, as well as a thriving outdoor lifestyle, great restaurants and cost-of-living advantages." Read more. 

June 30th, 2016

Carytown named one of the 15 trendiest retail markets in the country. Learn more here.

June 30th, 2016

The Zillow report shows that 15% of people aged 23 to 34 live alone in Richmond. The report credits Richmond's strong labor market, which has grown 3.6 percent year over year, and relatively high incomes in this age group for the reason for a high percentage of millennials are living alone. Read more.

City of Richmond
Economic & Community Development

Main Street Station
1500 East Main Street, Suite 400

Richmond, VA 23219