Economy gains momentum following recession The economy is making a turnaround and Greater Richmond is moving forward. This year, the Greater Richmond Partnership, Inc.’s four core programs assisted 101 companies which supported the creation of 3,061 new jobs and $586 million in new capital investment. Since 1994, the GRP has assisted the attraction of more than 424 new companies that have created more than 46,525 new jobs and $7.8 billion in capital investment. Over the past year, companies have been more decisive and added capacity, new jobs and new capital investment in the region. From our perspective, a real turning point occurred in December 2011 with Amazon’s announcement to locate two fulfillment centers in the Richmond region. Several announcements followed Amazon. Through collaborative efforts with our partners and allies, our business attraction program successfully assisted 16 new and expanded companies, including Sabra
Dipping Co. and Primatics Financial. Collectively, these companies plan to create 1,622 jobs and invest $335.8 million in the Richmond region. Local partners and volunteers of our business retention program, Business First Greater Richmond, representing the City of Richmond and the Counties of Chesterfield, Hanover and Henrico, interviewed 570 business leaders in the region and responded to 85 specific requests for business assistance. The regional program supported the creation of 1,251 jobs and $75.8 million in capital investment, as well as the retention of 618 jobs. In support of the region’s workforce, we continue to leverage the RichmondJobNet website and social media. The @RichmondJobNet Twitter followers grew by 2,338. We also participated in several job fairs and on-campus events connecting with jobseekers. A number of people have landed jobs because of the
tools provided, and Greater Richmond’s reputation as a career destination continues to grow. We focused on strategy development for each of the five target industry clusters. We also unveiled three new marketing tools: the international website RichmondWorldView.com; the relocation tool “Richmond: Find What You Love, Love What You Find”; and the “Greater Richmond: Come & Stay” video series. Based on IMPLAN economic modeling, our results had a regional economic impact of more than $959.8 million in new sales and 5,439 new jobs. We are confident that the region is moving in the right direction and that more companies will choose Greater Richmond to grow and expand their business. We thank you for your continued support and we value the confidence you place in us to accomplish the goals of our mission.
Katherine E. Busser, Chairperson 2011-2012
Gregory H. Wingfield, President and CEO
Published on Oct 22, 2012