In a May 16, 2012 CoStar Group Report titled "Apartment Market Shifting Focus to New Supply", Richmond, VA led all national markets for the highest ranking in percentage rise of demand growth of apartment units with a year-over-year gain of 4%. Charlotte, Raleigh, San Antonion and Houston garnered the Other top five spots. To read the full article, please click here.

City Completes Bond Sale and Obtains Lower Rates

On June 14, 2012, the city of Richmond sold $248.2 million in bonds and refinanced $146.9 million of existing bonds at significantly lowers interest rates. "These lower-than-expected rates are a benefit of the City's strong credit rating, even at a time when many local governments are struggling to maintain their existing credit ratings. The City of Richmond has experienced several bond rating upgrades in the past few years,"stated Mayor Dwight C. Jones. To learn more, please click here.

The City Hosts Business Appreciation Event to Honor Local Companies

On June 7, 2012, the city of Richmond's Department of Economic & Community Development recognized eleven local businesses for their contributions to the Richmond business community in calendar year 2011. To learn more and see the listing of awardees, please click here.

City Residential Development Continues to Boom

A May 27, 2012 Richmond Times Dispatch article starts out with "Richmond's urban core is bursting with apartments," and ends with "People are coming back to the urban core." Click here to read the full article highlighting some of the 15+ new major development projects, located in the city.

UCI Road World Championships 2015 in Richmond Planning Kicks Into High Gear

On May 26, 2012, the Richmond Times Dispatch reported that a representative from Union Cycliste Internationale, the Swiss-based world governing body, was in town to evaluate the city and to begin preparations for the 1015 championships. Gerrit Middag, the marketing and events director, stated, "I am very happy with what I see." To read the full article, please click here.

McGuire Veterans Affairs Medical Center Evolves to Meet Patient Needs

A May 15, 2012 Richmond Times Dispatch article features the significant programs that McGuire Veterans Affairs Medical Center, located in the city of Richmond, offers to veterans, particularly in the field of neurological conditions.

McGuire, as a regional referral center for veterans on the East Coast, provides care to approximately 46,000 patients in one year, of which those patients make more than 469,000 outpatient visits.

To read the full article, please click here.

New Law Expands Opportunities for Craft Breweries

On May 15, 2012, Governor Bob McDonnell signed legislation at the city of Richmond's newest brewery, Hardywood Park Brewery, allowing craft breweries to sell their beer for consumption on site.

Eric Mackay, co-founder of Hardywood Park Brewery stated that, "SB 604 will, without question, create a substantial number of hospitality and manufacturing jobs, generate significantly greater sales tax revenues, increase tourism, attract new and expanding craft breweries to Virginia, support local agriculture, and enhance Virginia's food and beverage culture."

To read the full Virginia Business article, please click here.