Business

Owens & Minor to Invest Millions in new Richmond Engagement Center

300 new jobs to be created, 200 retained in deal

RICHMOND, VA – The Greater Richmond Partnership (“Partnership”) successfully helped secure Owens & Minor’s new Client Engagement Center in downtown Richmond, Va. The global healthcare supply chain company will invest in the multi-million-dollar center, leasing 90,000 square feet at 951 East Byrd St. The region successfully competed against Nashville, Tenn., and Salt Lake City, Utah for the project, creating 300 jobs and retaining 200 that would have left the region.

In May 2016, the Partnership was contacted directly by Jason Hickey and Jason Rancadore of Hickey & Associates, a site selection firm with offices throughout the world, with an opportunity to compete for “Project Engage.” Hickey described Engage as a high-touch customer service operation related to the healthcare industry which was considering 60 locations. After working the project, it became clear that it was Owens & Minor, a Fortune 500 firm headquartered in Hanover, Va. Continue reading


New Study: Virginia Wine Sales Increase by 6%

By Maura Mazurowski

Capital News Service

RICHMOND – Pour yourself a drink and raise a toast to the record 6.6 million bottles of Virginia wine sold last year – an increase of more than 6 percent from 2015.

Officials said Thursday that a new economic impact study shows the state’s flourishing wine industry contributes more than $1.37 billion annually to Virginia’s economy. This is an increase of 82 percent from the last economic impact study in 2010.

“This new study shows that this growth is being driven by small wineries, which demonstrates that the increased rural economic development is truly beneficial to local communities,” Gov. Terry McAuliffe said in a press release.

The Virginia Wine Board commissioned Frank, Rimmerman + Co., an accounting and consulting firm that specializes in wine industry studies, to conduct the 2015 Economic Impact Study of Wine and Wine Grapes (updated January 2017) on the Commonwealth of Virginia. Continue reading



BLACK MONDAY: The First Time EVER The Dow Has Dropped By More Than 500 Points On Two Consecutive Days

New-York-City-Empire-State-Building-Public-Domain-460x306

Michael Snyder

On Monday, the Dow Jones Industrial Average plummeted 588 points. It was the 8th worst single day stock market crash in U.S. history, and it was the first time that the Dow has ever fallen by more than 500 points on two consecutive days. But the amazing thing is that the Dow actually performed better than almost every other major global stock market on Monday.  In the U.S., the S&P 500 and the Nasdaq both did worse than the Dow. In Europe, almost every major index performed significantly worse than the Dow.  Over in Asia, Japanese stocks were down 895 points, and Chinese stocks experienced the biggest decline of all (a whopping 8.46 percent). On June 25th, I was not kidding around when I issued a “red alert” for the last six months of 2015. Continue reading



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