Business

Latest Va. economic outlook finds shortage of labor

May 4, 2022

Ninety percent of CEOs are experiencing a labor shortage impacting their business. That’s the latest from the quarterly CEO Economic Outlook Survey conducted by the University of Richmond’s Robins School of Business and the Virginia Council of CEOs. In addition to the labor shortage, 75% of CEOs reported at least a minor impact resulting from […]

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Senate, House pass measure to eliminate sales tax on food, essential hygiene products

March 2, 2022

BY QUINN HUMPHREY(CNS) – Virginia legislators are close to passing legislation that would remove Virginia’s consumer use sales tax on food and essential hygiene products.  HB90, proposed by Del. Joseph McNamara, R-Roanoke, and co-patroned by Sen. David Suetterlein, R-Salem, passed the House on Feb. 15. It was conformed into nearly identical Senate bill SB451, proposed by […]

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Va.’s budding marijuana industry took root in RVA and grew in ’21

December 31, 2021

RBiz – At the end of what was already a milestone year for marijuana in Virginia, a recent decision by state lawmakers could be seen as an early Christmas present for the state’s medical marijuana operators. The General Assembly’s Cannabis Oversight Commission, which oversees the implementation of marijuana legislation, voted in mid-December to recommend the […]

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The strong women who modeled how to blaze trails

December 15, 2021

By Leila Ugincius (VCUN) – By now, Rabia Kamara’s story is familiar to many. The 2010 Virginia Commonwealth University School of Business graduate went on to attend culinary school before eventually opening her own ice cream shop, Ruby Scoops, in Richmond. Earlier this year, she won the Food Network’s inaugural season of “Ben & Jerry’s: Clash […]

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Report: Disturbing disparities in those who benefited from federal refinance program

November 28, 2021

The National Association of Real Estate Brokers (NAREB) recently released its 2021 State of Housing in Black America (SHIBA) Report.  The comprehensive study finds that the gap in homeownership between Black and White families is wider today than in the decades when housing discrimination was legal. According to the U.S. Census, as of the second […]

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Urban One CEO discusses casino ahead of Nov. 2 vote

October 28, 2021

Urban One CEO Alfred Liggins with the founder of Urban One, his mother Cathy Hughes. By Mike Platania(RBiz) – By this time next week, citizens of Richmond will have gone to the polls to vote on whether they want a casino complex built on the city’s Southside.The referendum, set to take place Nov. 2, has been […]

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Grants will support Va. entrepreneurs and boost local economies

October 21, 2021

Local business owners and community organizations will benefit from more than $4.4 million in grants for 33 investment projects across the commonwealth, the governor’s office announced this week. Selected projects are meant to create and support business development, economic recovery, and the redevelopment of industrial and commercial structures.“This is about renovating old buildings, investing in […]

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Two groups vie for old BoA branch in Northside RVA

October 11, 2021

The former Bank of America branch at 1307 E. Brookland Park Blvd., which the banking giant vacated four years ago.  By Michael Schwartz (RBiz) – The effort to reinvent the old Bank of America building in the Six Points area of Highland Park continues, with two local groups emerging as the respondents to a recent […]

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Virginia is struggling to recover from new unemployment claims

August 12, 2021

Virginia is struggling to recover from new unemployment claims, with last week’s claims higher than at the start of 2020, according to WalletHub’s updated rankings for the States Whose Unemployment Claims Are Recovering the Quickest. Key Stats: Weekly unemployment claims in Virginia increased by 354.32% compared to the same week in 2019. This was the biggest […]

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Matching-grant program available to help local businesses attract new employees

July 17, 2021

Area small businesses can get support attracting new employees with signing bonuses through a matching-grant program that is available through Virginia Career Works Capital Region.Part of the state’s “Return to Earn” initiative, the hiring-incentive program will pay qualifying businesses up to $500 in matching funds for signing bonuses paid by employers for newly hired employees.Brian […]

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