Business

Henrico real estate staying strong despite low inventory

The Henrico real estate market has been relatively strong for the past month, despite a lower amount of inventory, according to data from Long and Foster Real Estate.

In the past month, 408 homes have been sold in Henrico, which is 2 percent less than were sold in the same timeframe in 2016.

Last year the median sale prices for Henrico homes was $219,975, whereas this month it's up to $232,500, a 6 percent increase. Which means half of the homes in Henrico are priced above $232,500 and half are priced below.

Business in brief


Junior Achievement of Central Virginia (JACV) announced recently the establishment of memoranda of understanding with four local school districts – Chesterfield, Hanover, Henrico and Richmond. The documents provide a framework for area schools to adhere to a recommended program plan with Junior Achievement, focusing on JA Finance Park, a middle and high school program focused on personal finance and career readiness. Under the agreements, schools are encouraged to increase their participation each year over the next three years. The JA Finance Park program teaches students how to create a family budget and live within their means. It consists of thirteen in-class lessons and culminates in a visit to the Capital One/JA Finance Park facility where students become adults for a day – making tough buying decisions, paying bills and investing their virtual savings. In the 2014-2015 school year, over 4,700 Central Virginia students participated in the program. With the memoranda in place, the number of participating students is expected to more than double by 2018.

Businesses collect, donate sports equipment


Advanced Orthopaedics and Ortho On-Call collected nearly 1,000 pieces of sports equipment thanks to donations from the public, as well as from staff members and community partners, during the third annual AdvanceItUp! community initiative in June. AIU is designed to help combat childhood obesity in the metro Richmond community by increasing recreation options and active living at home and school for area kids who do not have access to usable sports equipment.

The physicians and staff from Advanced Orthopaedics and Ortho On-Call, along with volunteers from Fit4Kids, helped organize and clean the collected equipment before distribution.

Citizen, Richmond Biz Live host marketing seminar


Richmond BizLive, the Henrico Citizen and T3 Media, LLC hosted the “Maximize Your Marketing Spend” lunch seminar last month at Travinia Italian Kitchen and Wine Bar at Willow Lawn. Above, Carl B. Knoblock (the district director for the Small Business Administration’s Richmond office) addresses attendees.

Other speakers included Bill Eastman of Richmond Biz Live and Growth Worx; Nelson Phillips of Virginia Business Credit & Funding; Ben Meredith of B&B Consulting Services; Andy Shulick of Metamorphosis; and Martin Short of Greater Richmond GATE.

Business in brief


Glen Allen-based Central Virginia American Diabetes Association welcomes Laura Haemker as the new associate director. She has a strong background in the non-profit world as well as in sales and communications. A native of Richmond, she graduated from Virginia Tech with a Communications Studies degree.

VCC to host ‘Community Cares Day’ Aug. 21


To showcase the dedication and achievements of Eastern Virginia’s philanthropic sector, Virginia Center Commons will host “Community Cares Day” Friday, Aug. 21 from 10 a.m. to 4 p.m.

“Virginia Center Commons cares about its community and is thrilled to be able to offer this showcase for organizations seeking to raise awareness and recruit new volunteers for their causes,” said Dorian Walker, director of marketing and business development at Virginia Center Commons. “We invite shoppers to come out and learn more about the nonprofits who strive to make a difference and provide a better life for families and individuals throughout the area.”

Business in brief


Bon Secours St. Mary’s Hospital has received the American College of Cardiology’s NCDR ACTION Registry-GWTG Platinum Performance Achievement Award for 2015. St. Mary’s is one of only 319 hospitals nationwide to receive the honor. The award recognizes the hospital’s commitment and success in implementing a higher standard of care for heart attack patients and signifies that St. Mary’s has reached an aggressive goal of treating these patients to standard levels of care as outlined by the American College of Cardiology/American Heart Association clinical guidelines and recommendations.

Business in brief


Henrico-based Markel Insurance has been rated a five-star carrier in the latest issue of Insurance Business America. Insurance Business America asked producers what aspects of carrier performance are most important to them. These ranged from competitive rates to claims processing efficiency, reputation and financial stability, and more. Producers then rated their carriers’ performance across ten such criteria. The carriers that achieved five-star status consistently received excellent marks from producers in at least one category and several achieved top scores in multiple categories. Of the 22 carriers that made this year’s list, Markel Insurance received 5-star marks in three out of the ten categories, specifically: Technology and Automation; Reputation and Financial Security; and Marketing Support.

Construction begins on Short Pump Wegmans


Construction began today on a 120,000-square-foot Wegmans Food Markets store in Short Pump. The store is on schedule to open next summer at West Broad Marketplace at 12300 West Broad Street.

The shopping center is owned by Mid-Atlantic retail developer NVRetail, Inc. in partnership with Excel Trust. Wegmans’ construction commencement follows the April groundbreaking at the site for an 80,000-square-foot Cabela's, which will serve as the center's other retail anchor.

Wegmans currently has 86 stores in the northeast and mid-Atlantic region.

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Henrico Business Bulletin Board

May 2017
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Henrico-based Virginia Institute of Pastoral Care will host a lecture by Marjorie Thompson at 5:30 p.m. at St. Stephen’s Episcopal Church, 6000 Grove Ave. Noted author of “Soul Feast,” Thompson will speak on “Grounded in Compassion: Fostering Spiritual Practice in an Age of Terror and Twitter.” A Q&A with Thompson and a reception will follow. This 50th Anniversary event is free and open to the public. For details, call 282-8332 or visit http://www.vipcare.org or Virginia Institute of Pastoral Care on Facebook. Full text

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