Richmond is ranked the sixth-best place in the nation to start over
Published: June 24, 2009
Updated: June 24, 2009
If you're one of those Richmonders looking for a good place to make a new start, just look out the window.
Richmond is ranked the sixth-best place in the nation to start over for someone who has been laid off or is just looking for a career or lifestyle change, according to BusinessWeek.com.
To be sure, the region has suffered plenty of lumps in this economic downturn, with job losses across many business sectors. But its diverse mix of employers, relatively low jobless rate and good quality of life make it a top 10 choice for people trying to navigate the changing course of the economy, based on the BusinessWeek list.
If you are looking for the absolute best place to start over, you'll will have to go North -- way, way North -- all the way to Anchorage, Alaska, which was ranked as the top place for a new beginning.
Find out why the Richmond area made the list and what local experts have to say about it:
Why we're on the list:
- Unemployment: The Richmond region's unemployment rate in March was 7.8 percent, seasonally unadjusted. While that was more than double the rate of the previous March, it was still below the national rate of 9 percent. In April, the region's unemployment rate was 7.6 percent, compared with 8.6 percent for the nation.
- Diverse economy: The region has a good mix of industries such as food, chemical and tobacco manufacturing, along with biotech.
- Home prices: At $167,185 in January, the average home price in the Richmond area was well below the $313,796 average price in Anchorage.
What some local experts say:
- The BusinessWeek report should give people who have been laid off here some hope for finding work, said Gregory H. Wingfield, president of the Greater Richmond Partnership.
"There are opportunities . . . on the horizon," Wingfield said. "There's a good mix of jobs in those areas" cited by the BusinessWeek.com report.
- The report "sends a message that the economy's strongerhere than other places," said Kim Scheeler, president of the Greater Richmond Chamber. "That's a good thing for businesses looking for places where they want to locate. They'd rather be in a market where the economy's doing better. . . . That creates opportunities for other businesses."
- "If you actually know how to do it, Richmond is a good place to look for a job," said career coach Bud Whitehouse of Career Management of Virginia. "There is a lot here, a lot of diversity.
"Companies keep starting up here and keep growing," he said.
- "I imagine Richmond probably made that list a lot because of the cost of living," said Meg O. Wagner-Diggs, director of communications at the Richmond Human Resource Management Association. "The quality of life here is definitely good."
Wagner-Diggs said companies are hiring, but she is not sure if they are hiring enough to absorb all the employees that were part of large layoffs that hit the area at the beginning of the year.
- "That's great for Richmond to be in the top 10," said Nancy Thomas, president of Richmond's Retail Merchants Association.
"If they're saying that, then hopefully, more businesses will come to the area," Thomas said, "and those [already] in the area will gain more business and hire more people."
- "I wouldn't dispute [the Richmond area] being in the top 10," said Brett Vassey, president and chief executive of the Virginia Manufacturers Association. "For the baby boomers that are looking to start over mid-career, we are a great location, because we have fantastic health care and low housing costs, and still pretty good job opportunities."
"The future is my concern," Vassey said. "We have a lot to plan for. How do we position ourselves" to capture the next big growth industries?
Contact John Reid Blackwell at (804) 775-8123 or
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Contact Peter Bacque at (804) 649-6813 or .
Staff writer Emily C. Dooley contributed to this report.
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Reader Reactions
Good place to start over…. unless you’re a minor-league baseball team!
These types of news articles are crap. I think they draw the cities out of a hat. I’m not sure I’d want to live in any of the ones they selected.
Here’s a link from Fanguy that has some great suggestions for a Richmond slogan: http://lifeinthe804.blogspot.com/2009/06/help-select-richmonds-new-advertising.html
They all see pretty fitting to me for a city stuck in the past and totally lacking any vision whatsoever.
richmond is for lovers and everybody knows it but it’s no longer promising as it used to be because i left it since last november and i do not deny that i miss every corner of it;i miss my friends at shockoe bottom and i miss stony point mall where i used to shop…...in fact i missed all those days.Now i am in morocco since then because i have a family and i couldn’t afford to make a living in richmond and if things getting better for sure we will be back to jog along the monuments avenue and enjoy the sun of james river and the tasty food of bookbinder’s and hard shell….....i will be back
Rick, Rick Rick….get out of your bunker and turn off your short wave radio sometime. Richmond cannot do anything with any long term vision.
They have failed at so many large projects that now the residents are scared to build anything on a large scale.
You can’t have any sort of development without someone complaining about a horse shed that might have been significant being torn down.
When a grocer, a president of a large commuter school, and a power hungry ex-governor-turned-mayor are your city braintrust, you’re a pretty sad city.
In 1970, Richmond and Charlotte were equal in terms of size and Richmond had a lot going for it. But city dysfunction, no regional cooperation, and residents who are scared of downtown and would rather stay in their cozy little suburbs (which get further and further away from the city center) have turned the region into an area afraid of success and successful at failure.
People who say they love it here haven’t been here for 40 years as I have. I’ve seen this city trip over itself time and time again.
I moved to Richmond with my wife about a year ago, and I’m glad we did. While I’m making less money than I was in Northern VA, I was able to get a good stable job, and the lifestyle here is defnitely much less stressful which makes it worth it. Heck, we may even be able to buy a house in the not too distant future(which probably never would have been possible, beyond maybe a small condo, in Northern Va).
Hate_Richmond says “Richmond is a vast cultural wasteland filled with oppression and corruption.“
Normally I wouldn’t bother commenting on silly statements such as this, but heck, I have a few extra minutes this morning.
One telltale sign of a juvenile mind is absolute certainty. Bombastic cliches provide those who are new to the political discussion with an illusion of authentic opinion that masks the absence of real-life experience and genuine scholarship.
Does Hate_Richmond have many other places he/she can honestly compare to Richmond, or is it just fashionable to be so jaded? Stamping one’s little foot about “oppression” is so, so high school poli sci club. Young ‘un, I’m sure you impress your circle of friends with these outbursts of self-importance, but really…
Grow up.
This must be some kind of joke? The job market is crap, we found out again yesterday with the whole stadium debacle how dysfunctional this place is… People don’t want to move here. They want to move out of here.
Just moved to Richmond a few weeks ago. We have relatives here and have always enjoyed our visits to the area. It’s great to read the River City is in the top ten places to relocate. To the folks posting negative comments, I would like to read why you feel Richmond is a cultural wasteland, etc. Back it up with some facts. No one is forcing you to live here.
Great news for the Richmond Metro. With jobs come job seekers, both local and from abroad and this means more spending overall. I only wish the idiots who insist on wasting their days (or wee hours of the morning in this case) online trying to convince everyone they should hate Richmond as much as they do would find a new metro to incessantly cry about. Obviously the positive opinions of others nor facts have any effect on them. If they won’t actually try to do something about the problems they see here then I suggest they move somewhere they’ll be happier. I’m pretty certain these particular people would be miserable anywhere they go however.
Instead of paying for these favorable ratings in magazines that no one reads, why doesn’t the region pay for something that will benefit the people already living here?
Richmond is a vast cultural wasteland filled with oppression and corruption.
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