Greater Richmond is a vibrant and growing community with nearly 1.3 million people, gaining 26 net new people daily. Our stable and diverse economy includes 8 Fortune 500 headquarters, ranking 2nd for the total number of firms compared to other mid-sized regions.
The region’s low cost of business includes commercial electric rates that are 30 percent below the national average, with unionization and unemployment insurance among the lowest in the U.S.
Workforce + Talent
Recruiting your desired workforce is easier here, with internationally-renowned culture and recreation. Your employees can stretch their dollar further in Greater Richmond with an affordable cost of living — over 5 percent lower than the national average.
Greater Richmond boasts a highly educated and talented workforce with over 65 percent of working adults having some college experience.
- Nearly 62,000 students attend post-high school classes in the region
- 15,000 degrees conferred annually
- 1.7 million students attend college within a 150-mile radius
Top Employers
| Company | Type | City | Employees |
|---|---|---|---|
| Capital One Financial | Financial services, call center | Goochland | 14,000 |
| VCU Health | Health care | Richmond City | 13,500 |
| HCA Virginia Health System | Health care | Chesterfield | 11,200 |
| Bon Secours Richmond | Health care | Henrico | 8,516 |
| Virginia Commonwealth University | Public four-year university | Richmond City | 7,832 |
| Dominion Energy | HQ, energy services | Richmond City | 5,433 |
| Amazon | Online retail | Henrico | 5,100 |
| Truist | Banking | Richmond City | 4,549 |
| Altria Group | HQ; tobacco products, R&D | Henrico | 3,850 |
| United Parcel Service | Package Distribution | Chesterfield | 2,805 |
6%
Corporate tax rate (which hasn’t changed since 1972)
8
Fortune 500 company headquarters located in Greater Richmond
41%
of the labor force has a bachelor’s degree