Starting a business in Richmond? You don’t want to miss this!
Posted: September 26, 2011 | Author: Nathan Hughes | Filed under: City of Richmond, Government Institutions | Tags: Bandazian & Holden, business environment, business owners, downtown Richmond, government, Richmond, Virginia | Leave a comment »Being involved in helping start-ups in Richmond, we often get invitations to attend sessions put on by the Economic Development departments of the local governments. When we get them, I’ll make sure to post them here for your reference. The ones I’ve attended in the past have been extremely helpful and great brush ups on the resources that the localities provide for small business.
Here is the email from the City of Richmond that we received regarding the upcoming event:
As part of our ongoing efforts to provide you with valuable information & resources, the City of Richmond Department of Economic and Community Development-Business First Richmond Program is pleased to announce another in our series of free educational seminars.
The City of Richmond Department of Economic & Community Development and the Virginia Department of Business Assistance will host the first in a two part series on establishing and growing your business. Part I in the series the” Entrepreneur Express Seminar” will address the basic concerns of establishing a business in Richmond. The seminar will be held Wednesday, October 12, 2011 from 8:30 am to noon at the Police Training Academy, 1202 W. Graham Road, Richmond, Virginia 23220. (See Entrepreneur Express Seminar Flyer for details) Please share this information with your clients and colleagues.
To sign up (free!), you can either register online by clicking here, or call 804-371-0058.
Oh, and make sure to let me know if you’re going to be there! Leave a comment here or at least be sure to come up and say hello when you see me there.
How much of an impact do VCU & UR have on Richmond?
Posted: March 23, 2011 | Author: Nathan Hughes | Filed under: City of Richmond, Redevelopment, Virginia Commonwealth University | 3 Comments »Richmond isn’t a college town by any stretch of the imagination. During the breaks when all of the students go home, the campus gets quiet (mostly) — but the city is still buzzing with activity. In fact, a lot of the students live here full-time, even when class is out.
If you haven’t heard yet, VCU & UR’s basketball teams have both made it into the Sweet 16 and Richmond is getting a lot of national attention for this feat. (check out this article in the NY Times and this article on ESPN.com)
All of this attention and excitement is wonderful, and has been a long time coming with the athletic programs at both schools gaining more and more traction. BUT the schools’ contributions to our fair city are quite a bit more involved than just succeeding at athletic competitions. Both schools have made quite a large economic and cultural impact over the years, and they continue to do so.
Mark Holmberg from CBS6 did a very interesting piece on how much Virginia Commonwealth University has done to improve the city and gives us a snapshot of VCU’s footprint here in Richmond:
VCU and its hospital and health system now have nearly 19 thousand employees. It has become the largest employer in the metro Richmond with an annual payroll of $1.2 billion, and look at all the construction jobs and other support businesses for the 32,ooo students and all those employees- which equal a fourth of Richmond’s population.
VCU now owns 142 acres of Richmond, and has 203 buildings.
As for University of Richmond, it doesn’t have the massive scale that VCU does, but it has a great deal of influence and presence in the city as well. From the facts and figures portion of UR’s website:
- 350-acre suburban campus located six miles from downtown Richmond
- 379 full-time faculty [couldn't locate a total for the entire staff]
- 4,405 total university enrollment
And let’s not forget some of the other fine schools here in town that are also educating and providing economic development (and jobs!) — Virginia Union University, Randolph Macon College, and two Virginia Community Colleges (J. Sargeant Reynolds & John Tyler) serving this area.
Redevelopment plans for Carytown get nod from Museum District
Posted: February 6, 2011 | Author: Nathan Hughes | Filed under: City of Richmond, Commercial Leasing, Government Institutions, Investing, New Urbanism, Redevelopment, Retail, Shopping Centers, Transportation | Tags: business environment, business owners, commercial real estate, downtown Richmond, government, real estate development, Redevelopment, Richmond, Virginia, walkability | 2 Comments »The redevelopment of the old Verizon building at 10 N. Nansemond Street has been hotly debated and contested. (see: the official site for the Carytown Place; Don’t Big Box Carytown‘s website; & this post and the accompanying comment thread on Caramelized Opinions for a good summary & feel of the debate)
The Museum District Association had originally ruled to oppose the redevelopment based on the original plans, but Friday they sent out a press release announcing the reversal of that position. The gist of the situation can be summed up from this one paragraph in the press release:
The Board voted 13-1 in November to oppose the original SUP and subsequently provided the applicant with detailed requests for further changes to make it more amenable to the neighborhood. The applicant responded by altering the SUP to remove vehicular ingress/egress on Nansemond Street as well as reduce the number of available uses of the property to 10 uses. The applicant also agreed to limit the usable floor space of any one tenant to no more than 25,000 square feet, ensuring there would be multiple tenants in the building and ruling out a single, larger “big box” tenant.
The whole press release can be read here on the MDA’s website (right now it’s at the top, but it will shift down the page as new releases are issued).
What do you think? Are you satisfied with the MDA’s ruling, or are the changes in the plan not enough for you? In that case, what changes would be enough to get your support for the development?
Exciting times for a local revitalization organization
Posted: January 24, 2011 | Author: Nathan Hughes | Filed under: Charity/Non-profit, City of Richmond, Multi-family Housing, Redevelopment, Residential | Tags: Church Hill, downtown Richmond, non-profit, Redevelopment, Richmond, Virginia | Leave a comment »
The Alliance to Conserve Old Richmond Neighborhoods (A.C.O.R.N.) has worked diligently for more than a decade to “promote the purchase and renovation of vacant and abandoned buildings in Richmond’s oldest neighborhoods.” This past Friday, ACORN announced some big news that will help them in that mission, and that’s exciting for all of Richmond. I’ll let their press release speak for itself:
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Business is getting better, Richmond
Posted: October 18, 2010 | Author: Nathan Hughes | Filed under: B&H News, City of Richmond, Commercial Leasing, National News, Restaurants, Retail | Tags: Bandazian & Holden, business environment, business owners, commercial real estate | 6 Comments »Business is booming! Relatively speaking, at least, the economy is buzzing along. Things certainly aren’t where they used to be, but they are getting better. Running a small business is tough, no doubt about it — but it’s always tough.
One of the first questions I hear is “how is business” — and the answer lately has been that business is great! The business I’m in (commercial real estate and business brokering) is busier than it has been in the past couple of years. I can’t speak for the entire industry, but our small piece has been rolling along quite briskly. The period between the 4th of July and Labor Day weekend is usually dead for us, except for the residential leasing, but this year defied past trends and was the busiest we’ve had in a long time.
As I’ve said in the past, I’m a small business. I’m not Coca-Cola or Dow Chemical. I don’t need the whole economy to be in a bubble to be doing well. I just need to do well with and by my clients and customers to be rewarded. Conversely, I don’t need the whole economy to be in recession for my business to be spiraling downward, either.
It’s not just our business at Bandazian & Holden that has been on the upswing lately. I’ve been hearing from more and more friends that their businesses are doing the same thing, and that brings me great hope for everyone.
Don’t take my word for it, though. The news outlets are tapping into the data and things are starting to spring back (or at least stop going down) all over:
From Nation’s Restaurant News: Atlanta’s restaurants seeing better days
Operators in the city pointed to an increase in private parties and convention business, which they expect to continue as the holiday season nears. And while diners remain value-conscious, some restaurateurs reported that increased drink and appetizer orders are giving check averages a boost.
U.S. retail sales rose for a third consecutive month in September, posting a stronger-than-expected increase that should fend off fears of a double-dip recession but doesn’t signal a strong recovery.
For the second quarter, area sales totaled $2.59 billion compared to $2.64 billion in the second quarter of 2009. The decrease of 1.89 percent is the smallest quarter to quarter change since BizSense began analyzing taxable sales data at the end of 2008—a sign that the slowdown may be flattening out.…Restaurants and bars are also doing a little bit better, growing sales by more than 6 percent in the second quarter. That is a big change from the 1 percent to 2 percent decrease reported for previous quarters.
What has changed? I don’t know. Maybe people are tired of being scared and sitting on the sidelines, waiting for more bad news. What I do know is that we got ourselves into this mess, and it’s up to us to dig our way out — everyone working on their small piece of the hole. There is plenty of money to be made in good times and bad times, trick is that the people have to earn their money in the “bad times”. Let’s keep making this work!
What do you think? Have you seen business improving in your corner of the world?
Great dining + a great cause = Restaurant Week 2010
Posted: October 11, 2010 | Author: Nathan Hughes | Filed under: City of Richmond, Restaurants | Tags: downtown Richmond, Restaurants, Richmond, Virginia | 1 Comment »I love it when the restaurant community comes together for good times and to support a local non-profit. Arguably, one of the biggest restaurant events of the year in Richmond is Restaurant Week.
Richmond Restaurant Week 2010 runs the last week in October, Monday the 25th through Sunday the 31st.
Here is a description of the event straight from the official Richmond Restaurant Week website:
Richmond Restaurant week is in its 9th year. Each year, 25+ local, independently-owned restaurants gather together to get behind a cause aligned with their interest: food. The restaurants each offer a 3-course menu for a set price, this year $25.10, and donate a portion, this year $2.10, of each meal purchased to benefit Meals on Wheels in conjunction with the Central Virginia Food Bank. We’ve seen great success in years past and have donated tens of thousands of dollars to feed the hungry in the Richmond area. Come out and try a new place or visit your favorite restaurant and support this great cause!
RVANews.com and Richmond.com are both posting menus as they come in, and it doesn’t look like you’ll go wrong with any of the participating restaurants. In fact, I haven’t been able to choose yet because everything looks so good. At least I still have a couple of weeks to decide — but reservations should be made as early as possible because the schedules fill up fast!
Where are you going for Restaurant Week this year? Returning to an old favorite? Or trying out somewhere new? Please leave a comment to help guide folks that are experiencing Richmond Restaurant Week for the first time!
Richmond’s next frontier?
Posted: September 23, 2010 | Author: Nathan Hughes | Filed under: City of Richmond, Redevelopment, Retail | Tags: business environment, business owners, commercial real estate, Redevelopment, Richmond | 1 Comment »Style Weekly has an interesting article this week about a part of Richmond that has been largely ignored, Northside’s Brookland Park Boulevard. There is a lot of great information in the article, so be sure to go here and read the whole thing, but I felt like this part in particular was a great summary of the past and present of this area:
Brookland Park Boulevard was a bustling commercial corridor in the 1950s and ’60s, with popular bakeries, restaurants, a theater and a nightclub. And today, despite the many vacant buildings, several businesses still do a thriving trade.
On Saturdays, the area’s many beauty and barber shops are packed. Soul food restaurant Sam’s Kitchen is doing well, Epps says, as is his brother’s newly opened restaurant, River City Seafood. The cheerful yellow Michaela’s Bakery, which opened in 2005, sells six-layer cakes and strawberry shortcakes wholesale. Owner Michael Hatcher wishes the city would think of some way to bring more customers in — something historic, he says, or a tourist attraction. Another longtime business owner, florist Sylvia Richardson, says loiterers are the biggest deterrent to business. She says she doesn’t feel comfortable even walking to the convenience store across the street.
The one thing on which the merchants agree is that Brookland Park Boulevard has potential. Car traffic is plentiful, because the boulevard connects the city’s North Side and East End, and the area is served by two bus lines. The street has some architectural gems, such as an old theater and an ornate bank building. Richmond Community High School, a school for the gifted, moved onto the boulevard in 2009. Young people are buying up houses in nearby neighborhoods.
Brookland Park Boulevard reminds me a lot of other Richmond gems like East Grace Street near the Carpenter Center and Manchester’s Hull Street. A rich history, a questionable present, and a lot of enthusiasm and support to make the area a thriving community.
For another great write-up on the area, take a look at this very thorough post on This Decrepit Victorian from March 2010: The Brookland Park Historic District.
What’s next for Brookland Park, I wonder?
Richmond wins!
Posted: September 20, 2010 | Author: Nathan Hughes | Filed under: City of Richmond, National News | Tags: best state, business environment, business owners, Entrepreneur Magazine, Forbes, Forbes.com, government, Richmond, Virginia | Leave a comment »As I mentioned earlier this year in “Richmond loves its working moms“, I appreciate when the rest of the world acknowledges Richmond’s superiority in all ways. It seems there are lists for everything, and while I find it to be overkill most of the time — any list can justify itself as being relevant and highly insightful by the obvious addition of Richmond (or Virginia as a whole) to the top of its rankings.
Imagine my delight when I found a helpfully compiled list of Richmond’s awards on the Greater Richmond Partnership’s website (here) and a similar but not completely identical list on the City of Richmond’s website (here).
Browse the awards and bookmark the links for future reference. Find a few that mean the most to you and let everyone know how great Richmond is! (and feel free to rub it in to friends that live in cities that ranked below us…)







