Richmond, VA Clamshell Packaging Supplier
Richmond the capital of the Commonwealth of Virginia
. Richmond is a independent city, not part of any county and the center of the Richmond Metropolitan Statistical Area (MSA) and the Greater Richmond area. The population of the city limits was 204,214 in 2010, with an estimated population of 1,258,251 for the Richmond Metropolitan Area — making it the third largest city in Virginia.
Richmond’s economy is primarily driven by law, finance, and government, with federal, state, and local governmental agencies, as well as notable legal and banking firms, located in the downtown area. The city is home to both the United States Court of Appeals for the Fourth Circuit, one of 13 United States courts of appeals, and the Federal Reserve Bank of Richmond, one of 12 Federal Reserve Banks. Dominion Resources, CarMax, Genworth Financial, and MeadWestvaco, Fortune 500 companies, along with Massey Energy and Universal Corporation, Fortune 1000 companies, are headquartered in the city, with others in the metropolitan area.
Tourism is also important, as many historic sites are in or nearby the city.
The Greater Richmond area was named the third-best city for business by MarketWatch in September 2007, ranking behind only the Minneapolis and Denver areas and just above Boston. The area is home to six Fortune 500 companies, including: electric utility Dominion Resources; CarMax; Owens & Minor; Genworth Financial, the former insurance arm of GE; MeadWestvaco; and Altria Group.
However, only Dominion Resources and MeadWestvaco are headquartered within the city of Richmond; the others are located in the neighboring counties of Henrico and Hanover. In 2008, Altria moved its corporate HQ from New York City to Richmond, adding another Fortune 500 corporation to Richmond’s list. In February 2006, MeadWestvaco announced that they would move from Stamford, Connecticut, to Richmond in 2008. The company completed an 8–10 story office building downtown in 2010, near the Federal Reserve building.
Six Fortune 1000 companies also have their headquarters located in the area. These include: Brink’s; Massey Energy;NewMarket Corporation; Universal Corporation; and Markel. Of these, only Massey Energy, NewMarket Corporation, and Universal Corporation are headquartered within the city limits.
Other Fortune 500 companies, while not headquartered in the area, do have a major presence. These include SunTrust Bank (based in Atlanta), Capital One Financial Corporation (officially based in McLean, Virginia, but founded in Richmond with its operations center and most employees in the Richmond area), and the medical and pharmaceutical giant McKesson (based in San Francisco). Capital One and Altria company’s Philip Morris USA are two of the largest private Richmond-area employers. DuPont maintains a production facility in South Richmond known as the Spruance Plant. UPS Freight, the less-than-truckload division of UPS and formerly known as Overnite Transportation, has its corporate headquarters in Richmond.
Richmond is also home to the Southern States Cooperative, one of the largest farm supply cooperatives in the US. As a result of its leadership role in agriculture, Southern States has continued to expand and today encompasses some 1,200 retail locations in 23 states. Owned by more than 300,000 farmers since 1923, the cooperative purchases, manufactures or processes feed, seed, fertilizer, farm supplies and fuel.
Cavalier Telephone, a telephone, internet, and digital television provider formed in Richmond in 1998, also has its headquarters in the city. Cherry Bekaert & Holland, a top 30 accounting firm serving the Southeast, is also based in Richmond.
Richmond was the home of the Ukrop’s Super Market, a regional, family-owned chain of supermarkets known for its customer service and innovation. Ukrop’s was a high-profile sponsor of community events, such as the Monument Avenue 10K, Easter on Parade, and the Ukrop’s Christmas Parade. However, the chain announced that it would be sold to Giant Food Stores, a subsidiary of Dutch conglomerate Ahold, in February 2010. The stores now operate under the brand “Martin’s” though they continue to sell Ukrop’s bakery and prepared food items.