News | 5 min read
Business First Supports Creation of $68 Million in Capital Investment, 1,045 Jobs
September 15, 2011
News | 5 min read
September 15, 2011
Richmond, VA – The Greater Richmond Partnership, Inc. today released the annual report for Business First Greater Richmond, the regional business retention and expansion program. Business First responded to more than 80 specific requests for business assistance and supported the creation of $68 million in new capital investment and 1,045 new jobs.
The report is based on 560 face-to-face interviews Richmond area company owners and CEOs representing more than 20,000 jobs in the region.
Findings from the interviews include:
Program success stories include:
Sara Dunnigan, senior vice president of Existing Business Services and Talent Development of the Greater Richmond Partnership and program manager for Business First Greater Richmond, said, “The Business First program is in its fifth year and the program partners continue to demonstrate their commitment to supporting Greater Richmond businesses. The economy has obviously changed during this time and we strive to find innovate ways to support area companies.”
Since its launch in 2006, Business First has helped support area businesses in the creation 2,000 new jobs, $270 million in new capital investment, and the helped preserve more than 2,500 jobs.
Gregory H. Wingfield, president and CEO of the Greater Richmond Partnership, said, “Economic success for our region starts with supporting the businesses that already call Greater Richmond home and is key component to our overall economic development strategy. We want to ensure area businesses get connected to the resources they need for growth and success.”
For the full text of the Business First Greater Richmond annual report, visit: http://www.grpva.com/publications/BF_annual_report11.pdf.
Business First Greater Richmond, is a public-private collaborative regional initiative supported by the Greater Richmond Partnership, Inc, the City of Richmond, the Counties of Chesterfield, Hanover and Henrico. It is also supported by more than 80 business volunteers and other agencies in the region committed to the growth and retention of area businesses. Since its launch in 2006, Business First has helped create 2000 new jobs and $270 million in new capital investment, and retain more than 2,500 jobs. Business First Greater is a Virginia Chamber Torchbearer Award recipient recognizing the program’s creative and significant contributions to economic development in the 7th Congressional District. For more information or to schedule a company visit, please visit: www.businessfirstrichmond.com.
The Greater Richmond Partnership, Inc. was launched in 1994 as a pioneering regional public-private initiative to serve as the regional economic development group for the City of Richmond and the counties of Chesterfield, Hanover and Henrico. The mission is to help grow the Greater Richmond economy through the attraction of high quality jobs and new capital investment, the retention of existing businesses, and the continued improvement of the region’s business climate. Since inception, the Partnership has played a key role in the attraction of more than $7.3 billion in investment by 403 new and expanding companies. This is a return on investment of $164 for every $1 in funding provided by public and private partners since 1994. For more information, please visit www.grpva.com.
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