Economic & Community Development News

January 31st, 2011

The Coliseum Study consultants issued recommendations for the site of a new arena of 14,000 to 15,000 seats to be constructed downtown between 8th and 10th Streets, next to the existing Richmond Coliseum site. The cost estimate for a new downtown arena is $147 million. Click here to review the full report.

January 31st, 2011

This Thursday, February 3rd, 2011, Mayor Dwight C. Jones will present the State of the City Address at a public event held at the Hippodrome Theater in historic Jackson Ward from 6:30 pm to 8:00 pm. For more information, please click here.

January 27th, 2011

In a January 27, 2011 article in the Richmond Times Dispatch by John Reid Blackwell, two hotel located in the city received the coveted AAA rating of four- or five- diamonds. Less than 4 percent of the properties evaluated by AAA inspectors receive the four- or five- diamond awards. The Berkeley Hotel received a four-diamond rating for the 22nd year and The Jefferson Hotel received the five-diamond award for the 18th consecutive year, the only hotel in Virginia to receive this award. To read the full article, please click here.

January 27th, 2011

In a January 26, 2011 article posted by Wayne Hanson with Digital Cities, the city of Richmond's Department of Information Technology (DIT) is highlighted for the innovative cost-saving projects that earned the city three digital government achievement awards and an honorable mention in 2010. To read the complete article, please click here.

January 27th, 2011

Reported by Al Harris in the January 17th, 2011 edition of Richmond BizSense, one of Rchmond's oldest skyscrapers is about to get the apartment-conversion treatment. Local development firm Hunt Investments LLC and the Virginia Beach-based Armada Hoffler together purchased the building at 700 E Franklin Street for $7.2 million. The historic building is planned to be converted into 115 units of studios and one- and two- bedroom apartments. Tony Nero, president of Armada Hoffler said his firm hopes to pursue more projects in the Richmond area. "We've obviously developed a lot of relationships in Richmond, and we want to be part of the resurgence occurring downtown." To read the full article, click here.

January 21st, 2011

Health Diagnostic Laboratory, Inc. celebrated the opening of its expanded office and laboratory space within Virginia BioTechnology Park in the City of Richmond on Wednesday, January 19th. Since its founding in 2009, HDL has grown from a staff of 11 to about 180 with revenue reaching about $70 million in 2010. To read the full article, please click here.

January 12th, 2011

USA Today reports today on the popularity of regional airports by "road warriors" who log millions of miles each year and highlights Richmond International Airport (RIC)as being a top favorite.To read the full article, click here. To learn more about Richmond International Airport, including the newest nonstop services to Miami and Minneapolis/ St. Paul, please click here.

January 12th, 2011

The City of Richmond has been highlighted by the Today Show and Daily Candy, the New York edition, as a hotspot to spend a 3-day weekend. Click here to view the Today Show feature and here to view the Daily Candy article.

January 6th, 2011

According to the Wall Street Journal's online magazine Marketwatch, Richmond ranked seventh in this year's review of the best cities in the country for business. Marketwatch states, "Richmond boasts the best of both worlds; it's about an hur and a half to metro Washington by car, yet it's a lower-cost, relatively smaller city." Washington, D.C. was ranked the top city for business this year. To read the full article, please click here.

December 29th, 2010

Mayor Dwight C. Jones' resolution to validate the City Administration's process for completing a Comprehensive Economic Development Strategy (CEDS) was adopted by Richmond City Council during its final session of 2010. CEDS is an analytical document, which considers important economic development assets and opportunities, such as infrastructure, workforce development, target industries, and others. While the CEDS is an important tool to help the City achieve its economic development goals, it is also a prerequisite for access to many of the funding opportunities through the EDA. Richmond's approved CEDS strategy has now been submitted to the Economic Development Administration (EDA) of the U.S. Department of Commerce. To read the full CEDS, please click here.

City of Richmond
Economic & Community Development

Main Street Station
1500 East Main Street, Suite 400

Richmond, VA 23219