Business News - NBC12.com - Richmond, VA News
Goodwill opened its newly renovated Community Employment Center today.
This week, Union First Market Bankshares announced that it plans to buy StellarOne Bank. Now Union is making another move and it's creating jobs.
Union First Market Bank has just announced it is buying StellarOne, making it the largest community bank in Virginia, with combined assets of $7.1 billion.
In Virginia, women are starting new businesses 1.5 times more often then men, according to the Small Business Administration. That's why the SBA just opened the Center for Women's Enterprise, to help women grow their companies and overcome challenges.
Have you broken your expensive smart phone, tablet or iPod? You probably didn't feel so smart. But you're not alone. The business of repairing cell phones is booming to the tune of one billion dollars a year. Here's some advice on when to fix it, when to forget it, and how to avoid breaking it in the first place.
Heating and air company Michael and Son Services is breathing new life into a historic building that's been vacant for years.
Minacs, the company opening a new call center in Henrico, held it's grand opening today.
After years of drawing plans and getting permits, construction is finally starting on a new Marriott hotel and religious freedom center. The project is being built at the corner of 14th and Cary Streets in Shockoe Slip. It's a $30 million endeavor expected to create hundreds of jobs.
Commencement is this weekend for VCU and the University of Richmond. The job market for this year's college grads is a little better than last year, but defaults on student loans have spiked this year.
It may be hard to believe in this tough job market, but there are many companies that are struggling to fill positions. The reason: not enough qualified applicants, according to a new study by the National Federation of Independent Business.
Have you been looking for a job without success? A new book, Forget the Resume, says traditional methods may not be working and recommends a totally different approach.
Do you have a high school or college student who needs a job this summer? Good news: a Snagajob survey shows employers plan to hire more seasonal workers this year and pay more money.
Imagine having a life coach who helps you find a job, balance your budget, find child care, even drive you to work if you need it.
A high tech company is moving into Henrico's West End and bringing 250 new jobs. It's setting up a call center in the former Circuit City headquarters, where Allianz Global Assistance recently moved in.
You're about to see a new ice cream in some grocery stores, and it's creating some new jobs. Blue Bell Ice Cream is opening a distribution center in Richmond and breaking into the Virginia market.
This evening, the Richmond Flying Squirrels will start hiring about 50 more people at a job fair for their upcoming baseball season. The season opener is in three weeks.
Yahoo and Best Buy have just called their telecommuting employees back into the office. But more Virginia companies are letting their employees telecommute. Now Capital One is hiring people specifically to work from home.
Two women entrepreneurs in Richmond are getting a "leg up" from the Spanx company. They just won a national contest to have their product featured in the catalog for Spanx, the billion dollar women's shapewear company.
Your high schooler could be closer to getting a job right out of school. The General Assembly has passed a bill to help students who are not college bound to get apprenticeships that lead to jobs.
Home Depot plans to hire 80,000 seasonal workers nationwide this year. That's ten thousand more than last year. The company is confident more homeowners will invest in home improvement this year. Is it a sign of an improving economy?
450,000 visitors are expected when Richmond hosts the 2015 UCI Road Cycling World Championships. Organizers have just launched a program to help businesses cash in on the boom in customers.
The General Assembly is considering increasing a tax credit to help manufacturing workers get advanced training.
Military veterans who are looking for jobs have a big opportunity next week. And efforts like Hiring Our Heroes to reduce high veteran unemployment are reporting progress so far.
The next time you sell something at a pawn shop, you may face more security checks. The General Assembly is considering a bill to crack down on stolen goods at pawn shops. But will it mean more expense for pawn shops?
Both Allianz Global Assistance and DuPont just laid off many local workers last week. The fear of layoffs has workers in every industry asking how they can become more valuable to their employers to avoid being downsized. We sought advice from an expert on how to help protect your position.
Since the state passed a law this year allowing breweries to sell you a pint on site, the craft brew beer industry has boomed in Greater Richmond and in Virginia. And it's creating jobs.
You're driving around, taking your kids to soccer practice, picking up the dry cleaning, and shopping for the holidays. No time to make dinner? Now there's a local app that lets you order healthier meals on the go.
If Congress doesn't agree on a way to extend the Bush era tax cuts January first, your taxes will go up. That has many people and accountants looking at ways to save money on taxes.
Since the recession began, enrollment in culinary schools has shot up. But food service is a tough business, long hours, and often low pay. So why are so many people paying big bucks to break in?
Virginia, with its high number of federal employees and contractors, could be one of the hardest hit states if Congress does not find a solution to the fiscal cliff. That's the looming cuts to defense and federal spending and expiring Bush-era income and capital gains tax cuts.
Two million people fell for the ZeekRewards Penny Auction, which investigators call a $600 million dollar Ponzi scheme.
Some local businesses are starting to reap the reward of Richmond hosting the 2015 UCI Road World Championships. They've just won bids to provide services to the cycling event.
Businesses have faced years of delays getting their inventions patented due to a backlog in the U.S. Patent Office. But patent law is about to change and speed things up.
Facebook launched F-Commerce, or storefront pages where you can buy things from businesses, a few years ago. It started to look like a flop when some major retailers shut down their pages. But now smaller companies and start-ups are finding success through this new way of doing business.
A new store called Fiamour Lingerie opens today in Carytown.
You can vote right now on an ad to air on TV to entice people to visit downtown Richmond. RVA Creates is holding a contest for the best commercial promoting all that downtown has to offer, NBC 12 is proud to be a partner.
The historic Byrd Theatre in Carytown plans to appeal the $750,000 award a jury decided it should pay an injured organ repairman.
Carytown's historic Byrd Theatre goes to trial tomorrow, faced with a $5 million lawsuit. An organ repairman sued the theatre after an accident that he says left him blind in one eye.
People in Chesterfield, and around the world, are worried they will lose their money after putting their money in what they thought was the investment of a lifetime.
The Richmond Times-Dispatch is getting into the entrepreneur business. The newspaper is inviting start-up companies to share office space in their building, hoping to help the ventures grow.
The City of Richmond is going green in the way it picks up trash. The City bought 25 trash trucks that run on cleaner burning compressed natural gas. Officials say it will save $250,000 a year. And soon GRTC buses will run on CNG, too.
Do you eat foods today that you thought you'd never eat, like humus or jicama? Foods once considered exotic are now on our dinner tables and becoming multi-million dollar industries.
Google's Street View panoramic images of streets are moving indoors. The search engine is now posting panoramic views of the interiors of businesses.
Rising tuition, climbing expenses, and a lack of jobs are putting the pinch on college students.
A start-up business is hoping to start-up investment in other small businesses. A Richmond-based web company called FundRoom.com matches entrepreneurs with angel investors.
Ever wonder where lunchtime food trucks make their food? Or where cupcake shops make their treats? The recession has cooked up a growing industry: kitchens for rent. They allow start-up businesses and restaurateurs to cook their fare until they can afford a kitchen of their own.
Tired of staring at the walls of your cubicle at work? Are you stuck in a beige office with no windows? Those days are over for more and more companies. They're following a new trend of designing fun, even zany, work spaces.
Companies are taking advertising to new levels. They're getting to know you, even getting you to do some advertising for them. And they're using social media to do it.
Looking for a job? Get a pen and paper. We went digging and found the local companies that are doing some serious hiring right now. Here are the hot jobs and how to get one.
Virginia Congressman and House Majority Leader Eric Cantor is leading the push for a 20% tax cut for small businesses. The House just passed the Small Business Tax Cut Act last week, now it goes to the Senate. Supporters hope it will enable companies to create jobs.
Many people who were laid off in the recession had more than 20 years of experience in their fields and have found it hard to find jobs with comparable salaries. The Community College Workforce Alliance developed a program that helped some of those workers become entrepreneurs and 62 new small businesses have resulted in greater Richmond.
Travel website TripAdvisor has named a bed and breakfast here in Richmond as one of the top 25 in the country. It's Maury Place on West Franklin Street. The B&B was opened just a few years ago by two men who were looking for a complete career change.
If you're thinking of buying a camera before your spring break vacation, a local company can save you hundreds of dollars. An Ashland couple has grown from selling used cameras from their home on eBay, to becoming one of the largest used camera dealers in the country.
MeadWestvaco has opened a new pilot plant in Eastern Henrico and added 114 jobs in the Richmond area.
Basketball fans are looking for any excuse to be able to stay home from work and watch March Madness. So how far would you go to skip work? Would you or your husband have a vasectomy? Some men are!
Spring is coming, the season of the birds and the bees. But there will be fewer bees this year. The bee population worldwide has been shrinking for years. That's forcing local farmers to pay tens of thousands of dollars to rent bees to pollinate their crops.
A few months ago, a French company crossed the Atlantic and saved 500 local jobs after Pfizer announced it would close it's Eastern Henrico plant. That company, Fareva, is now in full production, with plans to grow and add more jobs.
When you check into a hotel, you may not be able to assume it's completely clean and safe. Just like NBC12 looks at restaurant health inspections, this time we checked out hotel inspections by the State Health Department.
To the shock of many retailers, the Virginia Senate passed the "Amazon Bill" Friday. The bill would force the online retailer to collect sales tax on items you buy. That means you'll have to pay that 5%. Local stores say it's about time.
Small businesses have popped up where smokers can make their own cigarettes for a lot less money than buying them in a store. But Richmond based Philip Morris is backing a bill in the general assembly to get these Roll-Your-Own companies to pay the same percentage of taxes that they do.
An organization that helps low-income people fight their legal battles is facing layoffs and cuts. The Legal Aid Society budget has been slashed, cutting the number of people they can help.
Plans to close four treatment centers will mean thousands of lost jobs -- hundreds of them in the Dinwiddie area.
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