FIND YOUR

Real-(2)

REAL TALENT REAL GROWTH REAL SUCCESS

RICHMOND, VA

FIND YOUR

Real-(2)

RICHMOND, VA

REAL TALENT REAL GROWTH
REAL SUCCESS

WHY RICHMOND, VIRGINIA

At Richmond Economic Development, we know there’s a lot to consider when you choose a location for your company.

Choose extraordinary.

Come and be inspired by the vibrancy of our city. Join our community. Tap into our talent. Build your business. Fuel your innovation. Because when you're in sync with a place this special, it's much easier to find success.

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LOCATION

Conveniently located between Maine and Miami.

Our central position in the middle of the East Coast puts Richmond about 100 miles from Washington, D.C., and our transit options provide convenient access to major cities nationwide. While it's easy to go almost anywhere, once you experience our higher educational institutions, diverse talent pool, and menu of available properties, you'll find it is even easier to stay.

BY THE NUMBERS

See the numbers behind Richmond's position as a world-class community.

728,000

REGIONAL LABOR FORCE

2023

Source:
U.S. Bureau of Labor Statistics

11%

CITY POPULATION GROWTH

2010 to 2020

Source:
U.S. Census Bureau

42,000

HIGHER EDUCATION STUDENTS IN THE CITY

2022

Source:
SCHEV, 2024

Top 10

METRO AREA FOR BLACK ENTREPRENEURSHIP

2022

Source:
SmartAsset

Key Employers

You'll be in excellent company when you build, relocate, or expand in Richmond, Virginia. In addition to two Fortune 1000 companies in the city and nine in the region, a variety of global leaders call our community home. From the life science industry to the financial sector to transportation and logistics, we’re proud to support them all.

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KEY & EMERGING INDUSTRIES

Whether you’re a global leader with a long-standing history or an entrepreneur just starting out, there’s a place for you in Richmond.

Explore our leading industries and discover how our city can help you find real success.

TRANSFORMATIONAL REDEVELOPMENT

Skyline-changing projects that will shape Richmond's future

On May 8, 2024, the updated development agreement between the City of Richmond and its development partner, RVA Diamond Partners, was approved by City Council, marking a significant milestone in Richmond’s planned Diamond District. Located at the crossroads of I-64/I-95 and North Arthur Ashe Boulevard, the new home to the Flying Squirrels will be a multipurpose stadium integrated into a connected, green, and equitable mixed-use development. It will include mixed-income housing, commercial office space, retail space, restaurants, and hotels along a revised street grid, incorporating engaging architecture and a walkable urban experience with access to adjacent and redeveloping neighborhoods.

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In November 2022, the EDA, in collaboration with the Greater Richmond Convention Center, issued a request for interest to solicit creative development responses from experienced development teams interested in purchasing and redeveloping approximately 9.4 acres of under-utilized, EDA-owned property in Richmond’s City Center Innovation District. The vision for City Center is to redevelop the area to become a mixed-use, mixed-income urban innovation district destination anchored by a headquarters hotel supporting the Greater Richmond Convention Center along with commercial, educational, and residential development to create a dynamic downtown.

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SUCCESS STORIES

Explore a few of the many successful companies that call Richmond home.

CORPORATE HEADQUARTERS

CoStar already had deep ties to Richmond. A strong local partnership and an even stronger talent pool convinced them to invest an additional $460 million into our city.

LIFE SCIENCES & HEALTHCARE

In 2020, when the U.S. government realized the national need to manufacture more essential medications at risk of shortage, it awarded Phlow $354 million to help. Two years later, the public benefit pharmaceutical company is growing an advanced manufacturing hub in Richmond.

SMALL BUSINESS

Learn how husband and wife duo Mike Lindsey and Kimberly Love-Lindsey grew one Richmond restaurant into a successful roster of eateries, including Buttermilk and Honey, Bully Burger, Jubilee, and ML Steak.

Ready to discover real opportunity in Richmond? Reach out to Richmond Economic Development.

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Leonard Sledge

DIRECTOR OF ECONOMIC DEVELOPMENT

804.646.7576
Leonard.Sledge@rva.gov

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Katie McConnell

SENIOR DEPUTY DIRECTOR

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Statia Gibson

BUSINESS INVESTMENT & JOB CREATION

804.646.6737
Statia.Gibson@rva.gov

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Jacquelyn Craft

BUSINESS RETENTION & EXPANSION