Technology & Innovation
Richmond is home to six Fortune 500 companies utilizing world-class technologies in the consumer products, financial services, electric power, and medical products sectors. We are home to the University of Richmond, Virginia Union University and Virginia Commonwealth University. As a top research university, VCU recently achieved $262 million in faculty research, and more than 130 files patent filings.; As the capital of the Commonwealth of Virginia, we are well placed to leverage Virginia’s broad science capabilities – the top state for the percentage of people in the private sector employed in technology-based positions; 285,500 people possess technology skill sets; and according to Stats America, Virginia has an innovation index of 98.2%, on par with national averages. Our region is home to leading institutions promoting innovation, such as the Dominion Resources Innovation Center, the Virginia Biotechnology Research Park, and the Commonwealth Center for Advanced Manufacturing. These advantages are catalyzing related investments in transportation & logistics, plastics and advanced materials, data centers and IT, and life sciences.
Arts & Creativity
Within the City of Richmond, there is a vibrant culture of the arts. From the new Institute for
Contemporary Art to the Virginia Museum of Fine Arts, and from the Visual Arts Center of Richmond to
the many local galleries - one will find strong passion for the collection, preservation, exhibition and
interpretation of creative expressions. We are home to Richmond Symphony, the Richmond Ballet, the
Altria Theater, and Richmond Center Stage. Virginia Commonwealth University was ranked the #1
public university school of arts and design by U.S. News and World Report; and the VCU Brandcenter,
according to Upstart Business Journal, is widely considered the nation’s most demanding, progressive,
and acclaimed graduate program in advertising. Richmond is also home to several nationally acclaimed
advertising and design firms.
Proximity to the national capital enables ease of access for international trade and dialogue for inward
foreign direct investment. At the heart of the mid-Atlantic region, 40% of the U.S. population is within a
day’s drive of Richmond; and the Port of Virginia and the Port of Richmond create significant structural
advantages in transportation and logistics. Access to policy makers also helps us advance the dialogue in
promoting sustainability, and fostering a competitive regulatory environment. Our location is an ideal
launch pad for addressing new market-based opportunities in public-private partnership formation,
government procurement, and innovative social venture formation. We are well placed to engage the
public sector at all levels, in a uniquely low cost-of-living environment.
For more information on national recognition we have received, please see:
- Huffington Post "The 10 Best Cities to Relocate To in the U.S."
- Forbes “Virginia is the 4th Best State for Business"
- Wall Street Journal’s MarketWatch “Richmond 14th Best City for Business”
- Huffington Post "Here's How the Story of Richmond is Really the Story of Entrepreneurship"
- Bloomberg Businessweek “Robins School of Business No. 17 overall among American
undergraduate business programs”
- Men's Journal "Richmond, Virginia: 50 Best Places to Live in America"
- Forbes "10 Up and Coming Cities for Entrepreneurs"
- Huffington Post "Richmond, VA: A City of Historic Significance, Emerging Artists, and Great