Richmond, Virginia has rolled with the punches during the recession. The business environment has taken some blows, yet, overall the Richmond area is doing well. Henrico County has been the nost stable local government with the Short Pump area leading the way. Short Pump has become a suburban downtown. It is filled with offices, restaurants, high rise buildings, high end retail stores and bumper-to-bumper traffic. The businesses in Short Pump attract many people throughout Central Virginia. This area is by far the shining star of business in the Richmond area.
The Downtown Richmond area has had great improvement over the past 20 years. Virginia Commonwealth University has transformed the city into a beautiful urban campus with many opportunities for businesses. The business development around VCU has been amazing. Entreprenuers have jumped at the chance to serve the students, faculty and employees in the area.
Shockoe Bottom is changing and improving by the minute. This area was once a bunch of vacant Tobacco Warehouses that now are upscale condos, apartments and offices. Everywhere you look you see constuction crews working to renovate buildings or building new residential/commercial real estate. This area has tons of history and you can learn a lot by taking a canal cruise by the James River. The area provides an exciting night life with a array of gourmet restaurants and live entertainment. Shockoe Bottom is a entreprenuers paradise as more high income professionals move into the area that will need all types of services that are not being provided at this time. The types of services that will be needed: pet care (pet sitters), cleaning services, delivery services, taxi/transporation. The growth of this area has stretched East along the James River into Eastern Henrico County. Plans for another dinner cruise ship in the Rivah is in the news.
The Carytown area of Richmond is a wonderland of creative shops, stores and restaurants. This area is full of entreprenuers and has not allowed big box retailers to change the aesthetics of West Cary Street. There are very few vacancies which proves the businesses are doing well. This is a lovely place to take a stroll with friends in the day or evening. It has something interesting for just about anybody. Musicians can be found playing on the sidewalks. The Carytown Watermelon Festival is always a big hit. It draws over 80,000 people every year on the first Sunday each August.
Chesterfield County has the largest population in the Richmond area. The county government has been hit hard by decreasing revenue in the recession. Chesterfield will bounce back quickly. It has beautiful neighborhoods, excellent schools, and plenty of business opportunities. Chesterfield has been one of the fastest growing communities in Virginia, which had put a tremendous strain on public services. Chesterfield is in a economic correction period like many fast growing areas. The area is ripe for businesses to locate to Chesterfield that need a intelligent, educated, and eager workforce.
The Richmond area has a lot of opportunities for new businesses. There are some struggling businesses that need some financial help to gain some stability which would benefit would be investors.