Karri Peifer
Feb 21, 2023 - Business

CoStar will soon be one of Richmond's biggest employers

A rendering of CoStar's office complex at 600 Tredegar St. Image: Courtesy of CoStar Group

CoStar Group is poised to become one of Richmond‘s biggest employers over the next five years.

State of play: The D.C.-based real estate firm is ramping up hiring in Richmond. It plans to add 2,000 new local employees to its existing 1,500 to fill the 26-story office tower it has under construction overlooking the James River.

Karri Peifer
Feb 17, 2023 - Business

Black-owned businesses Axios Richmond readers love

Illustration of the state of Virginia lit by red, green and yellow lights.

Illustration: Brendan Lynch/Axios

We asked you last week to share some of your favorite local spots in celebration of the city's consistent ranking as one of the best in the country for its rate of Black businesses ownership.

What's happening: You flooded us with props for local florists, insurance brokers, landscapers, bankers, party planners, auto detailers and photographers.

Karri Peifer
Feb 14, 2023 - Business

Virginia ABC kicks off 2023 Pappy Van Winkle lottery

Richmond loves a good Pappy lottery. Image: Courtesy of Virginia ABC

Virginia ABC's annual lottery for bottles of Pappy Van Winkle is back in two installments this year, with this first starting tomorrow.

What's happening: Each year, Kentucky's celebrated Old Rip Van Winkle Distillery releases its annual stock to wholesalers across the country, who then determine how they're going to sell it — and for how much.

Karri Peifer
Feb 6, 2023 - Business

Richmond a leader in Black business ownership

Illustration of the state of Virginia lit by red, green and yellow lights.

Illustration: Brendan Lynch/Axios

Richmond has one of the highest rates of Black-owned businesses in the nation.

What's happening: Roughly 6.7% of businesses in the Richmond area are Black-owned, tying it with Atlanta for third-highest percentage of Black-owned businesses in the country, according to Lending Tree, which analyzed data from 2019.

Virginia union membership drops

Data: BLS; Map: Alice Feng/Axios

Union membership dropped in Virginia last year, per recently released data from the Bureau of Labor Statistics.

The big picture: In 2022, 10.1% of U.S. workers were unionized, down from 10.3% in 2021 and a high of 20.1% in 1983, the first year the BLS reported comparable figures, Axios' Nathan Bomey reports.

Richmond's electric vehicle charger inequity

Illustration of an unequal sign with a lightning bolt through it on pavement

Illustration: Sarah Grillo/Axios

Electric vehicle chargers are easier to find in whiter, wealthier neighborhoods in Richmond and nationwide, an analysis by the Axios What's Next team found.

Why it matters: Automakers and lawmakers are pushing EVs as a cleaner alternative to traditional cars.

Karri Peifer
Jan 12, 2023 - Business

Richmond region's big tourism funding push

A 1940s vintage postcard. Photo: Found Image Holdings/Corbis via Getty Images

The Richmond region could get a big influx of cash to help bolster tourism to the area and better compete against other cities for big conventions and events.

Why it matters: Richmond is potentially losing valuable tourism dollars to other cities with bigger budgets for marketing — and for financial incentives to attract big-deal events and conventions.

Karri Peifer
Jan 6, 2023 - Business

Why Richmond restaurant owner Chris Tsui closed Foo Dog and Hot Chick

Foo Dog was at Main and Lombardy streets in the Fan District. Photo: Karri Peifer/Axios

If it were an emotional decision, Foo Dog restaurant would still be open, owner Chris Tsui tells Axios.

But it was a business decision — driven by the numbers, an offer and the state of Richmond dining — that pushed Tsui to close Foo Dog and Hot Chick, two of his popular city restaurants, at the end of the year.


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