Pharma company invests $28m and creates 190 jobs

We’re always on the lookout for news about the local job market and we got some good news this week. Specifically, Pharmaceutical Product Development Inc is investing locally and creating new jobs: Pharmaceutical Product Development Inc. has announced that it is planning to invest $28 million over the next three years and in the process create 190 jobs in Henrico. The firm is an independent provider of research and development services for... [Read More...]

Capital One Bringing More Jobs to Henrico County

We got a little good news on the job front this week. Specifically, Capital One is expanding: Making the largest Richmond-area jobs announcement in years, Capital One Financial Corp. said yesterday that it is hiring 1,000 people this year and next, including 700 who will work in Henrico County. “It’s probably been at least two years since we have had an announcement with these kind of numbers,” said Gregory H. Wingfield, president... [Read More...]

J-O-B-S

We’re always on the lookout for signs that the local economy is creating new jobs and attracting new businesses because there is no better predictor of the long-term direction of local real estate prices than that four letter word, J-O-B-S. So, we were pleased to see the recent announcement that Quality Technology Services has purchased the former Qimonda plant in Henrico County. Governor Bob McDonnell announced that QTS (Quality Technology... [Read More...]

Richmond Area New-Home Market Expected Strong

A new report/study from Builder Magazine contains some good news for local builders and buyers interested in new homes. The Richmond area is expected to be among the healthiest new-home markets in the U.S. this year, according to Builder magazine. Based on a formula using 2009 building-permit data and weighted 2010 projections for household formations, resale values, job growth and income growth, the recently released Builder Market Health Index... [Read More...]