Greater Richmond, Virginia – 21 st Century Location
Richmond has twice been named the Top Major Market
in the South by Southern Business & Development.
Whitewater rafting past downtown Richmond
Photo: Courtesy of Richmond Raft Co.
Greater Richmond's diverse economy, affordability and quality of life make it the right 21 st century location choice for companies of many types and sizes.
Currently, Infineon Technologies Richmond is outfitting a second semiconductor manufacturing plant incorporating the latest 300mm equipment. At full build out the expansion is expected to add 1,200 jobs. Also, Tredegar Corporation's Tredegar Film Products subsidiary is relocating R&D and technical operations to Greater Richmond from facilities in Indiana and Illinois.
Launched in 1994, downtown Richmond's Virginia BioTechnology Research Park is now a vibrant mix of more than 55 bioscience companies, research institutes, government laboratories and not-for-profits. The Park is a scientific center with more than 1,350 individuals working in over 575,000 square feet of developed space.
Greater Richmond continues to build on its impressive reputation as a corporate headquarters center with the recent addition of Philip Morris USA, Wachovia Securities, Genworth Financial and the North American headquarters of Alfa Laval. Two Fortune 500 companies already based in the area, CarMax and Owens & Minor, are building new headquarters campuses.
A major downtown renaissance is underway including a new convention center, renovated Main Street (Amtrak) Station, and conversion of warehouses and commercial buildings to apartments and condos. Virginia Commonwealth University continues to expand and Riverside Village, an $82 million mixed-use project, is under construction on the James River.
Looking to the future, Greater Richmond will continue to build on its strengths for corporate headquarters, financial services, and technology companies. The central East Coast location is equally advantageous for advanced manufacturing and logistics operations. The Richmond MSA's population topped 1.1 million in 2003 and an educated and skilled workforce is supplemented by 7,500 university graduates each year. Cultural and recreational offerings rival those in larger cities and the average commute is just 24 minutes.
To learn how a Greater Richmond location can meet you company's 21 st century needs, contact the Greater Richmond Partnership Inc. to arrange a VIP tour. The Partnership is the regional public-private economic development team that serves Virginia's capital city Richmond and the neighboring counties of Chesterfield, Hanover and Henrico. Founded in 1994, the Partnership is funded by the four jurisdictions and by 150 area companies.
Ranked as one of the top economic development groups in the nation five times in recent years, the Partnership is leading Greater Richmond into the new century. Over the past decade, the Partnership has assisted more than 270 companies that have invested nearly $5 billion in the region. About 80,000 new jobs have been created in the process.
The Partnership's staff, headed by Gregory H. Wingfield, president, provides a full range of economic development and site-selection services free of charge. Information and assistance can be obtained by calling 1-800-229-6332 or by visiting the Partnership's Website http://www.grpva.com .