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City of Richmond

The economic development issues facing the City of Richmond are somewhat different than the rest of the JSRCC jurisdictions, because the city is all but built-out with very little available developable land.  The Department of Economic Development identified a number of incentives and assistance programs the city offers to attract new business.  These incentives include loan programs, tax-free financing programs, and permit assistance.  The City of Richmond describes itself as a center for high-tech manufacturing, biosciences, and pharmaceuticals.  In addition, a major effort to attract tourists to the city is underway and includes a redeveloped riverfront and construction of the largest convention center in the region between Charlotte, North Carolina, and Washington, D.C.  The largest employers in the City of Richmond in 1999 are listed below.

 

Employers

Number of Employees

Philip Morris

5,000 - 10,000

MCV Hospitals

5,000 - 10,000

VCU

5,000 - 10,000

Dominion Virginia Power

1,500 - 2,499

Federal Reserve Bank

1,500 - 2,499

Westvaco

1,000 - 1,499

Richmond Newspapers

600 - 999

Overnight Transportation

600 - 999

SunTrust Banks

600 - 999

Verizon Communications

600 - 999

American Home Products

300 - 599

International Paper

300 - 599

Maxxim Medical

300 - 599

Government Agencies

45,700

 

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