County’s economic indicators improving
A number of key economic indicators are pointing in the right direction for Henrico County, and county officials are in a cautiously optimistic mood.
Among the most promising numbers: Henrico’s sales tax revenues were up 7.3 percent in April as compared to the same month last year.
“With this [recent] economic difficulty, consumers kind of batten down the hatches, and then at some point they decide enough is enough,” Henrico Finance Director John Vithoulkas said. “Residents got very cautious and now are starting to breathe and live their lives again.”
Each month since last fall, Henrico’s sales tax receipts have been 5 to 10 percent higher than during the same month one year earlier, Vithoulkas said. Henrico also experienced its highest December sales tax revenue in its history last year – an indication “that Henrico is becoming even more attractive to the regional resident,” Vithoulkas said.
Confirmation of that point is evident in the county’s per-capita sales during 2010, which were more than $15,369. Henrico, the sixth-largest locality in Virginia, also ranked second in the state in total sales last year, trailing only Fairfax County, the largest locality.
Perhaps the most encouraging sign to Vithoulkas and other county officials is the influx of new jobs to the county. Between last October and this February, 1,734 new jobs were announced or filled within the 21-locality Richmond-Petersburg Metropolitan Statistical Area (MSA); 1,325 of them were in Henrico County.
“Seeing this type of turnaround on jobs, both in number and in quality, is extremely positive,” Vithoulkas said.
Other positive signs for the county:
• new vehicle sales were up 8.2 percent during Fiscal Year 2010-11, through January, and used vehicle sales were up 3.6 percent;
• commercial real estate vacancy rates improved in six of seven major commercial corridors from 2009 to 2010, with the seventh (Parham East) only slipping slightly, from 1.3 percent to 1.6 percent.
With a nod to Arbor Day, Citizen seeks photos, descriptions of significant Henrico trees
Citizen Staff Reports 04/28/2015
Do you have a favorite tree in Henrico?
Do you know of a tree with an interesting story?
Do you live near an especially large, old, or otherwise unusual tree – or do you pass by one that has always intrigued you?
Arbor Day 2015 (April 24) was last week, and though the Citizen has published stories about a few special trees over the years (see sidebar) we know that our readers can lead us to more. > Read more.
Henrico's most famous tree, known as the Surrender Tree, still stood for more than a century near the intersection of Osborne Turnpike and New Market Road -- until June 2012.
It was in the shade of that tree on April 3, 1865, that Richmond mayor Joseph Mayo met Major Atherton Stevens and troops from the 4th Massachusetts Cavalry and handed over a note surrendering the city to Federal troops. Evacuation had already begun. > Read more.
The Greater Richmond ARC's annual Ladybug Wine Tasting and Silent Auction on April 11 netted $75,165 to benefit its Infant and Child Development Services (ICDS) program.
About 350 guests sampled fine West Coast wines and craft beer from Midnight Brewery at Richmond Raceway Complex's Torque Club, along with food from local eateries. Carytown Cupcakes provided dessert. > Read more.
In the mood for some spring shopping? Eastern Henrico FISH will hold their semi-annual yard sale this weekend – funds raised assist at-risk families in Eastern Henrico County. Lewis Ginter Botanical Garden will hold a spring plant sale which is among the largest in the region with more than 40 vendors selling plants ranging from well-known favorites to rare exotics. Put on your detective hat and find out “whodunnit” at the movie “Sherlock Holmes: A Game of Shadows” and “The Case of the Dead Flamingo Dancer,” presented by the Henrico Theatre Company May 1-17. For all our top picks this weekend, click here! > Read more.
It’s that time of year – charity races are popping up everywhere! On Saturday, St. Joseph’s Villa will be the site of the sixth annual CASA Superhero Run and the fifth annual Richmond Free to Breathe Run/Walk will be held in Innsbrook. Also in Innsbrook, the 2015 Richmond Take Steps for Crohn’s and Colitis will take place on Sunday. If you’re more into relaxation than exercise, check out Wine for Cure’s Dogwood Wine Festival or the Troubadours Community Theatre Group’s production of “West Side Story” at the Henrico Theatre. For all our top picks this weekend, click here! > Read more.
There are several fun events this weekend taking place outside including the third annual Virginia Firefighter Games at Short Pump Town Center; Twin Hickory Park’s “April Showers: A Celebration of Spring” event; the Young Life Richmond West 5k in Innsbrook; and the Gold Festival on Broad which benefits Prevent Child Abuse Virginia. Fingers crossed for no rain! For all our top picks this weekend, click here! > Read more.
- More News
Apr. 16, 2015Click here to read the print edition.
- More Entertainment
- More Obituaries
- More Community
- More Opinions
- More Sports
ClassifiedsSAVE on Cable TV-Internet-Digital Phone. Packages start at $89.99/mo (for 12 months.) Options from ALL major service providers. Call Acceller today to learn more! CALL 1-888-686-5081.
CalendarThe Henrico County Community Author Showcase, a program that connects writers and readers in the community, will begin at 7 p.m. and continue on Thursdays at various libraries. Zachary Duresky… Full text