The Greater Richmond area was named the third-best city for business by MarketWatch in September 2007, ranking behind only the Minneapolis and Denver areas and just above Boston. The area is home to six Fortune 500 companies, including: electric utility Dominion ResourcesCarMaxOwens & MinorGenworth Financial, the former insurance arm of GE;MeadWestvaco; and Altria Group.[6] However, only Dominion Resources and MeadWestvaco are headquartered within the city of Richmond; the others are located in the neighboring counties of Henrico and Hanover.

Five Fortune 1000 companies also have their headquarters located in the area. These include: Brink'sMassey Energy;Universal Corporation; and Markel. Of these, only Massey Energy and Universal Corporation are headquartered within the city of Richmond.[6]

Other Fortune 500 companies, while not headquartered in the area, do have a major presence here. These include SunTrust Bank (based in Atlanta), Capital One Financial Corporation (officially based in McLean, Virginia, but founded in Richmond with its operations center and most employees in the Richmond area), and the medical and pharmaceutical giant McKesson(based in San Francisco). Universal Corporation, also in the tobacco industry, has its corporate headquarters here as well. Capital One and Altria company's Philip Morris USA are two of the largest private Richmond-area employers. In 2008, Altria moved its corporate HQ from New York City to Richmond, adding another Fortune 500 corporation to Richmond's list. DuPontmaintains a production facility in South Richmond known as the Spruance Plant.

Richmond is home to the rapidly developing Virginia BioTechnology Research Park, which opened in 1995 as an incubator facility for biotechnology and pharmaceutical companies. Located adjacent to the Medical College of Virginia (MCV) Campus of Virginia Commonwealth University, the park currently[when?] has more than 575,000 square feet (53,400 m2) of research, laboratory and office space for a diverse tenant mix of companies, research institutes, government laboratories and non-profit organizations. The United Network for Organ Sharing, which maintains the nation's organ transplant waiting list, occupies one building in the park.Philip Morris USA opened a $350 million research and development facility in the park in 2007. Once fully developed, park officials expect the site to employ roughly 3,000 scientists, technicians and engineers.

Richmond is the home of the Ukrop's Super Market, a regional, family-owned chain of supermarkets known for its customer service and innovation. Ukrop's is a high-profile sponsor of community events, such as the Monument Avenue 10K, Easter on Parade, and the Ukrop's Christmas Parade. However, the chain announced that it would be sold to Giant Food Stores, a subsidiary of Dutch conglomerate Ahold, in February 2010.[75] The stores now operate under the brand "Martin's" though they continue to sell Ukrop's bakery and prepared food items.

Cavalier Telephone, a telephone, internet, and digital television provider formed in Richmond in 1998, also has its headquarters in the city. Cherry Bekaert & Holland, a top 30 accounting firm serving the Southeast, is also based in Richmond.

From Wikipedia, the free encyclopedia; Richmond, VA