Richmond is known as the capital of the Commonwealth of Virginia. It consists of the Richmond metropolitan area and the greater Richmond region. Richmond has classified as an independent cities and 1871. According to a 2010 census, the estimated population in Richmond is roughly 204,214 people. With this population, Richmond is estimated to be the fourth most populous city within the state of Virginia. The Richmond metropolitan area has a population of roughly 1,260,029, earning the city its ranking as the third most populous mature area within the state of Virginia.
Located on the fall line between James River and Williamsburg, just east of Charlottesville, Richmond is in close proximity to Interstate 95, Interstate 295 and Virginia State Route 288. The major suburbs of Richmond include Midlothian, Glen Allen, Short Pump and Mechanicsville.
Richmond has a thriving economy driven by a variety of diverse industries: primarily law, government, finance and federal/state/local government agencies. Many notable banks have headquarters in the area and downtown businesses are thriving. Richmond is home to the United States Court of Appeals for the Fourth Circuit and the Federal Reserve Bank of Richmond. This bank is one of only 12 Federal Reserve Banks with headquarters in the United States. Richmond's metropolitan area is home to many Fortune 500 companies as well as Dominion Resources and MeadWestvaco.
Richmond's location makes it ideal for a nexus between natural resources and commerce. Located on the James River, Richmond's hills and rocky fall lines provide an ideal divide between the Piedmont and Tidewater regions of Virginia. Richmond has long been a hope of transportation via boats, railways and now roadways. As it also lines is an intersection between two major interstates, it is an ideal crossing ground for supplies to enter and leave the state.
Finance and law hold a high place in the city's economy with many job opportunities within those fields. Both national and international companies hold headquarters in Richmond and are always hiring. Such companies include Genworth Financial, CapitalOne, Philip Morris USA, Hunton & Williams, McGuireWoods, Williams Mullen, and LeClairRyan. With many local colleges and universities offering certification and training in highly desirable fields such as law and finance, Richmond is an ideal place to go to work in and demand careers after obtaining higher education.
The world of advertisement has been bustling in Richmond since the 1960s. Organizations such as The Martin Agency have gained recognition on a national level. Ranked as US agency of the year in 2009 by Adweek, many job opportunities related to marketing and advertisement are available in Richmond. For those looking towards a technology/research related fields, Richmond is also home to Virginia BioTechnology Research Park. Ideally located next to the medical College of Virginia and the Virginia Commonwealth University campus, more students are able to immerse themselves in biotechnology and pharmaceutical know-how as they obtain higher education. With the research liberty and diverse mix of tenants and companies, Virginia biotechnology research Park is home to government laboratories, research institutes and nonprofit organizations. The projected employment for this biotechnology Institute is roughly 3000 engineers, scientists and technicians.
In addition to the sciences, law, finance and government, Richmond has an exquisite culinary scene. With several notable restaurants including the Fan, Church Hill, Jackson Ward, culinary certification provides promising opportunities to graduates of any age. Southern living magazine named three of Richmond’s restaurants as being among the 100 best restaurants in the South. With a variety of popular restaurants and distilleries, going to work in a facet of the culinary arts is a desirable and rewarding career in the Richmond area.
Richmond's film and television industry has gained momentum in the more recent years. Is the site of several major motion pictures including Oscar-winning actors, Richmond has earned its place as an unofficial hub of high profile films and television shows. Richmond was also the primary filming location for the PBS drama Mercy Street. Supported is continually drawn to film and media within the Richmond area to organizations such as the Virginia film office and the Virginia production alliance. The film industry in Richmond continues to grow through events such as the Richmond International Film Festival and French Film Festival.
Generally speaking, higher education will mean higher pay in Richmond as well as throughout the country. However, there are many options for individuals with high school diplomas and moderate job training to get paid even more than a person with a college degree. Though a four-year degree is highly sought after and opens many doors, Richmond offers a variety of career opportunities for those with less secondary education. Among the highest rated popular jobs in Richmond the do not require a four-year degree, a traffic controller and radiation therapist are among the highest paying careers. The median annual income of an air traffic controller is roughly $113,547 in the state of Virginia and the average annual salary of a radiation therapist is roughly $76,627. While training and certification is required, these popular careers are gaining momentum in Richmond as well as throughout the country.
Additionally, in the Richmond area, federal government statistics related jobs such as economics and analytics positions offer very high annual salary and only require an Associates degree to qualify for many. Other in demand positions relate to the healthcare sector and include registered nurses, whose annual average salary in Richmond is roughly $67,200. Being a part of the Virginia health care system is an excellent in for high-paying jobs, reliable employment and opportunities for career advancement.
Other skilled labor jobs include skilled manufacturers and construction related jobs. Many of these jobs only require two-year degrees or a certain amount of post high school training and certification. Richmond offers employment through many nationally recognized organizations looking for skilled workers. Of the top 20 highest paying jobs in the Richmond area that only require an associate degree or an additional post secondary certification, seven of them are healthcare related jobs. Other high-paying healthcare related jobs in the Richmond area included the hygienists, nuclear medicine technologists, diagnostic medical sonographers and radiologic technologists and technicians.
The Greater Richmond area has been named one of the best cities for business according to MarketWatch as of September 2007. Richmond home to over six Fortune 500 companies including Dominion Resources; CarMax; Owens & Minor; Genworth Financial; WestRock Company; McKesson Medical-Surgical, Markel Corporation, and Altria Group. Known as highly influential hub of economic development, many international organizations also offer local employment opportunities. Such international employers include Aditya Birla Minacs, Amazon.com and Honeywell International. World of finance also has a strong presence in Richmond to corporations like SunTrust Bank, Capital One Financial Corporation and Philip Morris USA. The medical sector in Richmond Virginia is also bustling through pharmaceutical and medical giant company McKesson. Due to its ideal location for trade, commerce and manufacturing, UPS freight offers many work opportunities through its truckload division and Overnite transportation services. For this reason, UPS holds a very large corporate headquarters within the city of Richmond.
Other influential companies based in Richmond include the chemical company
NewMarket, Brink's armored car in security company, Estes Express Lines freight carrier, Universal Corporation tobacco merchant, Cavalier Telephone, a telephone, digital television and Internet provider, Cherry Bekaert & Holland accounting services, McGuireWoods and Media General, a company that specializes in broadcast media.
Richmond offers many institutions of higher education including the University of Richmond, Virginia Commonwealth University, the Virginia Union University, Virginia college and South University Richmond. Additional higher education institutions include Union theological seminary and Presbyterian school of Christian education, Baptist theological seminary in Richmond and several highly rated community colleges including John Tyler community college and J. Sargeant Reynolds Community College. Richmond is also home to headquarters for ITT technical Institute, ECPI College of Technology and Centura College. Popular vocational training colleges in the Richmond area also include Fortis College and Bryant Stratton College. Though not based in Richmond, many individuals from Richmond have obtained higher education through the Virginia State University. Virginia State University all first 2 to 4 year degree programs. Programs offer an excellent gateway into target industries through curriculum geared towards technology and current employer demands in a variety of key industries. Located about 20 miles south of Richmond within the suburb of Ettrick, its location is just outside of Petersburg.
John Tyler Community College: known for being the fifth-largest college within the Virginia clean at a college system, this coming at a college offers over 50 programs. Of their 50 programs, 14 are associate degrees, eight certificate programs are offered and more than 30 career studies certificates are offered. The college serves more than 10,000 students and is networked with the Commonwealth center for advanced manufacturing. This organization donates a variety of the tools and machinery necessary for students to train and effectively practice skills for future employment. Total enrollment is roughly 14,895 as of the year 2011. The graduation rate is roughly 14.5% as of 2014. Undergraduate tuitions and fees for in-state tuition is roughly $4150 as of 2014. Out-of-state tuition is roughly $9988 as of 2014.
Richard Bland College/College of William and Mary: Richard Bland College is known for being the two-year counterpart to the College of William and Mary. The College of William and Mary is one of the oldest colleges in the United States as well as the birth place of the honor society known as ‘Phi Beta Kappa.’The college's average acceptance rate is 74% and the schools total enrollment is roughly 1616 students as of the year 2011. Undergraduate tuition and fees for in-state students is roughly $3472 as of 2011. Tuition and fees for out-of-state students was roughly 13,114 as of 2011. Located at 8311 Halifax Rd, Petersburg, VA 23805.
Virginia Commonwealth University (VCU)/Medical College of Virginia (MCV): this university classifies as the largest university in the state of Virginia. Supporting strong programs that cross fields including engineering and business, fine arts in marketing, medical research and more, a variety of employment opportunities are available to students after graduation from this University's programs. Program categories include Allied Health Professions, Arts, Business, Dentistry, Education, Engineering, Government and Public Affairs, Humanities and Sciences, Life Sciences, Media and Culture, Medicine, Nursing, Office of Research and Innovation, Pharmacy, Social Work and World Studies.
The university's total enrollment is roughly 31,242 students as of the year 2015. The University's overall acceptance rate is roughly 60% as of the year 2016 undergraduate tuition fees for in-state students is roughly $12,812. Tuition and fees for out-of-state students is roughly $31,503 as of the year 2015. Located at 907 Floyd Ave, Richmond, VA 23284.
University of Richmond: this private liberal arts college located in Richmond offers a premier law school as well as a variety of liberal arts related curriculum. The University of Richmond offers continued studies as well as a variety of personally enriching programs through Osher Lifelong Learning Institute membership and classes. Programs are administered through the school of arts in business, Robins school of business, Jepson school of leadership studies, school of Law and school of professional and continuing studies.
University of Richmond's overall acceptance rate is 31% as of 2015. The university's total enrollment is roughly 4181 students as of the year 2015. Undergraduate tuition and fees for out-of-state students is roughly $48,090 and international tuition is roughly $48,090. Located a 28 Westhampton Way, Richmond, VA 23173.
As of the year 2016, the average unemployment rate in Richmond Virginia was roughly 4.60%. The projected job growth in Richmond was 1.53% and future job growth over the next decade is predicted to be roughly 38.45%. The sales tax rate in Richmond Virginia has roughly 5.3% and income tax rate is 5.75%. The average income per capita in Richmond is $27,860, including children and adults. Boding well for future employment and current market growth, the median household income in Richmond is roughly $41,331.
In contrast to the current statistics in the United States at large, Richman's economy breaks down thusly:
Unemployment Rate: 4.60%
Recent Job Growth: 1.53%
Future Job Growth: 38.45%
Sales Taxes: 5.30%
Income Taxes: 5.75%
Income per Cap: $27,860
Household Income: $41,331
Family Median Income: $50,679
Top Employers and Top Wages in Richmond, Virginia
In terms of popular occupations expecting to see job growth over the next decade in Richmond, top careers expecting positive employment prospects within the state include:
• Management, business, finance
• Engineering, computers, science
• Community, social services
• Education, library
• Arts, design, media, sports, entertainment
• Healthcare practitioners and technology
• Healthcare support
• Firefighters, law enforcement
• Food preparation, serving
• Building maintenance
• Personal care
• Sales, office, administrative support
• Farming, fishing, forestry
• Construction, extraction, maintenance/repair
Top employers in Richmond Virginia include:
• Fort Lee
• Dominion Resources
• Defense Supply Center Richmond
• United Parcel Service (UPS)
• General Dynamics/Vangent Medicare
• Southside Regional Medical Center
• Gerdau Ameristeel
• Amsted Rail Co. (Brenco)
• Boar's Head Provisions
• Church & Dwight
• Ace Hardware
• Rolls-Royce North America
NBC12. “Hot Jobs: Companies Hiring Right Now.” 2012.
Virginia’s Gateway Region. “Top Employers.” 2016.
http:www.richmond.com "Richmond Times Dispatch"