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.
Lewis Ginter Botanical Garden’s admission has increased by $1 across all categories. Admission is now $12 for adults; $11 for seniors ages 55 and older; and $8 for children ages 3–12. Admission remains free for children ages 3 and younger and for members.
The last price increase was in 2011, before the Garden consistently hosted Butterflies LIVE! (which is included with admission). > Read more.
The threat of bad weather didn’t keep visitors away from Lewis Ginter Botanical Garden July 10 for the facility’s weekly Flowers After 5 event (which pairs music and food with a chance to stroll the garden) and its monthly Fidos After 5 (which allows dog owners to bring their pets with them to enjoy the evening). > Read more.
Thanks in part to a $10,000 gift from the Western Henrico Rotary Club, another bright pink Jeep modified to travel extremely rough terrain has been delivered to Midwives For Haiti so that more pregnant women in the quake-ravaged country will have access to prenatal care and a greater chance of surviving childbirth.
The funds were raised at the annual casino night held in February, club president Adam Cherry said. The Rotary Club also helped purchase the Virginia-based charity’s first pink jeep three years ago. > Read more.
A finalist in the Bravo television show Top Chef is bringing one of his four restaurant chains to Henrico County.
Bryan Voltaggio, who was the runner-up of the sixth season of Top Chef, (finishing second to his brother, Michael) and his business partner, Hilda Staples, will open their third Family Meal restaurant, at Henrico's Willow Lawn shopping center. The restaurant is expected to open early next year. > Read more.
The United States Army Field Band will present a free public performance at Deep Run Park in Henrico on Sunday, Aug 3 at 3 p.m.
Members of the band are soldiers who also serve as “musical ambassadors of the Army” and perform for schools and communities nationwide.
The Concert Band will be performing along with the Soldiers’ Chorus. > Read more.
Get up and dance – square dance, that is – with the Tuckahoe Square Dance Club tonight! More musical events this weekend include family-friendly karaoke at Aunt Sarah’s Pancake House, the United States Army Field Band and Soldiers’ Chorus Concert and the Henrico Teen Theatre Company’s production of “The Boy Who Cried Wolf.” For all our top picks this weekend, click here! > Read more.
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