William “Bill” Fiege will be the eighth president of Brightpoint Community College, the Virginia Community College System announced Monday.
Fiege will begin his new role on Jan. 2, 2024. Van Wilson has led Brightpoint as interim president since February 2023, after former President Ted Raspiller stepped down from the role to take a job with Virginia529.
Fiege is currently Brightpoint’s vice president of learning and student success at Brightpoint, the college’s chief academic officer, a position he has held since 2012. Before that, he was at Germanna Community College, where he was dean of professional and technical studies. He has also worked for Longwood University, his alma mater, from which he earned his bachelor’s degree in political science. Fiege also has a master’s in speech communication from Bloomsburg University and a doctorate in community college leadership from Old Dominion University.
“I’m excited about Bill’s appointment,” David Doré, chancellor of VCCS, said in a statement. “I am confident he will build on the college’s outstanding history of serving its communities and its diverse student populations and will lead Brightpoint into a new era as Virginia’s Community Colleges embark on a systemwide transformation to serve more learners in new ways. Our monthslong search yielded exceptional candidates and we are grateful to all of the talented educators who expressed interest in the Brightpoint presidency.”
Brightpoint attracted 74 candidates in its national search for a new president.
“The Brightpoint Community College Board is elated with the selection of Bill Fiege as the institution’s eighth president,” Kenneth Pritchett, chair of Brightpoint Community College’s Local Advisory Board, said in a statement. “I would like to thank our college board members for their time and energy throughout the rigorous selection process. We truly believe that Dr. Fiege will move our college forward. Under his leadership, Brightpoint will continue to be a place that changes lives, focuses on student success and supports the needs of its communities.”
Brightpoint serves Amelia, Charles City, Chesterfield, Dinwiddie, Prince George, Surry and Sussex counties as well as Colonial Heights, Hopewell and Petersburg. It has campuses in Chester and Midlothian.
“After serving Brightpoint as the chief academic officer for the last 11 ½ years, I am honored and humbled to have been selected from an outstanding pool of candidates to lead the college as its next president,” Fiege said in a statement. “Already embedded in the community, I fully comprehend the positive impact of Brightpoint and our workforce arm, the Community College Workforce Alliance, within our region. I appreciate the confidence bestowed upon me by Chancellor Doré and look forward to working with him and Brightpoint’s boards, faculty, staff, students and partners to continue the college’s positive momentum. We are and will continue to be trailblazers for the great communities we serve.”
Engineering and design firm Timmons Group topped off the last steel beam of its new, $50 million headquarters Friday at Chesterfield County’s Springline at District 60 mixed-use development.
The five-story, 150,000-square-foot building is part of the $210 million, 42-acre first phase of the county’s Springline at District 60 development, located on Midlothian Turnpike off Chippenham Parkway. Chesterfield County cleared the way for development in March by starting demolition on the former Best Products building in what was the Spring Rock Green shopping center.
“The topping off of the building marks an important milestone for the project,” Timmons President and CEO Brian Bortell said in a statement. “Hourigan [Group] is making extremely good progress with construction, and we are excited that very soon our employees will be in a new office building located in District 60.”
Construction on the Timmons office building started in August and is expected to be completed in the fourth quarter of 2024. The new headquarters is about a mile away from the company’s current office. The building will house about 400 Timmons employees and is fully leased. It will also house the administrative offices of the Chesterfield County Public Schools and the county’s Department of Economic Development.
“Having the Timmons Group’s office building at the Springline development keeps their corporate headquarters in Chesterfield and allows them to grow their talented workforce,” Mark Miller, the Midlothian District representative for the Chesterfield County Board of Supervisors, said in a statement. “People are telling us they want high-quality places to live, work and play in Chesterfield, and Springline will deliver on that vision.”
Chesterfield previously marked a milestone in the Springline project with the groundbreaking of The James at Springline, an $80 million apartment building with ground-floor retail space, in late September.
The first phase of Springline at District 60 also will have a 150,000-square-foot office building, a sports entertainment and tournament venue, a specialty grocery store and a parking garage. The center of the site will be an open space that can host concerts, markets, festivals or other similar events.
The Chesterfield Economic Development Authority bought the land from Bond Cos. in 2021 for $16 million, and the county supervisors approved the development plan in April 2022. At the time of rezoning in 2022, the initial development cost estimate for the overall project was $675 million, according to a project spokesperson.
Remaining phases are still in planning stages. As of March, the county expected to have 1,200 residential units total, split between apartments and townhouses, and plans to add another office building, an extended-stay hotel, entertainment venues and a police station.
The Corner Shops at Chesterfield Towne Center has a new owner.
Midlothian Pike Investments sold the 8,120-square-foot retail center for $4.8 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Nov. 22.
1834 East 4 Street LLC purchased the shopping center, located at 11530 Midlothian Turnpike, as an investment as part of a 1031 tax-deferred exchange.
Tenants at the shopping center, located at 11530 Midlothian Turnpike, include Xfinity, Sleep Number, CPR Cell Phone Repair and Compete Dental Care of Richmond.
1834 East 4 Street LLC purchased the center as an investment as part of a 1031 tax-deferred exchange. Clark Simpson and Erik Conradi of Cushman & Wakefield | Thalhimer Capital Markets Group, as well as Ted Levin, also with Thalhimer, handled the sale negotiations on behalf of the seller.
Lego Group has distributed $1 million in grants across six Richmond region nonprofits, the Danish toymaker announced Thursday.
The company, which broke ground in April on its $1 billion manufacturing facility in Chesterfield County, awarded the funding to organizations serving children and families as part of its commitment to help kids “learn through play.”
“Today we are pleased to extend our support for the greater Richmond community,” Lego Chief Operations Officer Carsten Rasmussen said in a statement. “This new factory is a strategic addition to our global supply network that sets us up for long-term growth. Playing a meaningful role in the communities in which we operate and call home is an integral part of this strategy.”
The six organizations receiving grants are:
Blue Sky Fund, to support its Explorers program, which provides science instruction in natural environments for Richmond Public Schools students in the third, fourth and fifth grades;
Boys & Girls Clubs of Metro Richmond, where the funding will support Playful Pathways, a hands-on, skill-based empowerment program for underserved youth;
James River Association, to increase access to hands-on outdoor education and play-based learning and support organizational capacity to extend programming to new formats;
Lewis Ginter Botanical Garden, to expand its organizational capacity for youth and family engagement programs, including its summer camp program for children from under-resourced communities;
SOAR365, to advance its pediatric therapy program offering early intervention and outpatient therapy;
and YMCA of Greater Richmond, to support its Power Scholars Academy, a summer enrichment program for at-risk students.
Lego previously donated to Richmond nonprofit organizations in 2022, giving $215,000 to the Science Museum of Virginia and $100,000 to the Children’s Museum of Richmond.
Lego’s Chesterfield County facility is expected to create 1,760 area jobs over 10 years, and the company is currently recruiting for its nearby external packing facility. Lego previously announced it planned to hire more than 500 employees by the end of this year to work in a temporary facility packaging toy kits produced elsewhere.
Production in the permanent facility is expected to begin in 2025. The manufacturing plant will have 13 buildings spanning more than 1.7 million square feet, with office spaces; molding, processing and packing buildings; and a warehouse.
Lego established its U.S. entity, Lego Systems, in 1973. The toymaker has more than 3,000 employees and more than 100 stores in the United States, including four in Virginia — in Arlington, McLean, Virginia Beach and Woodbridge.
Atlantic Union Bankshares CEO John C. Asbury is the 2023-2024 chair-elect for the American Bankers Association.
ABA announced its new board officers and directors on Tuesday, following its annual convention in Nashville, Tennessee.
Asbury was the ABA’s 2022-2023 vice chair. He’s a past chairman of the Virginia Bankers Association and the Mid-Size Bank Coalition of America.
Asbury joined Richmond-based Atlantic Union Bankshares, the holding company for Virginia’s largest community bank, in 2016. He was previously president and CEO of First National Bank of Santa Fe.
Atlantic Union Bank reported $20.6 billion in assets and $15.7 billion in deposits as of June 30. In July, Atlantic Union announced it would acquire Danville-based American National Bankshares, the holding company of American National Bank and Trust, forming a bank with total assets of $23.7 billion as of June 30.
Along with being a Virginia Port Authority commissioner, Asbury serves on the boards of the Greater Richmond Partnership and chairs Virginia Learns. He holds a bachelor’s degree from Virginia Tech and an MBA from William & Mary.
Another Virginia bank executive on ABA’s board is Gary R. Shook, president and CEO of Midlothian-based CBB Financial and Community Bankers’ Bank. Shook, who also chairs the ABA Government Relations Council, is continuing his term as a director. He also serves on the board of the ABA’s BankPac.
Before joining Community Bankers’ Bank in 2020, Shook was president and chief banking officer of Blue Ridge Bank and chief operating officer of its holding company.
Community Bankers’ Bank is a bankers’ bank owned and directed by independent community banks in the Federal Reserve’s Fifth District, a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland. It reported $561,000 in 2022 net income and $162 million in assets.
Like Asbury, Shook is a past chairman of the Virginia Bankers Association. Shook is also on the Virginia Foundation for Independent Colleges Board of Trustees.
The developer of an estimated $80 million apartment building in Chesterfield County’s Springline at District 60 mixed-use development broke ground at the site on Sept. 28.
The James at Springline will have 298 apartments and 28,000 square feet of ground-level retail space. Connecticut-based Collins Capital Partners is the lead developer. The project is scheduled for a 2025 completion.
The development will have office pods, a conference area, fireplaces, an interior courtyard with pool and lounge areas, a roof deck with a fitness center and garage parking.
The project is part of the $210 million, 42-acre first phase of the county’s Springline at District 60 development, located on Midlothian Turnpike off Chippenham Parkway. Chesterfield County cleared the way for development in March by starting demolition on the former Best Products building in what was the Spring Rock Green shopping center.
“We’re thrilled that [The James at Springline’s] groundbreaking marks the beginning of an exciting new mixed-use development in Chesterfield that will offer residents an opportunity to live, work, shop and play in one place,” Collins Capital Partners Managing Principal Art Collins said in a statement.
The first phase will also include a 150,000-square-foot office building, a sports entertainment and tournament venue, a specialty grocery store and a parking garage, and the center will be an open space that can host concerts, markets, festivals or other events.
The Chesterfield Economic Development Authority bought the land from Bond Cos. in 2021 for $16 million, and the county board of supervisors approved the development plan in April 2022. At the time of rezoning in 2022, the initial development cost estimate for the overall project was $675 million, according to a project spokesperson.
Remaining phases are still in planning stages. As of March, the county expected to have 1,200 residential units total, split between apartments and townhouses, and plans to add another office building, an extended-stay hotel, entertainment venues and a police station.
Home to eight Fortune 500 companies and three Fortune 1000 companies, metro Richmond is “punching above our weight” for a region of 1.3 million residents, says Jennifer Wakefield, president and CEO of the Greater Richmond Partnership.
For the third year in a row, the Richmond region was named by Business Facilities magazine as a top 10 location for corporate headquarters and corporate campuses. Richmond ranked No. 9, coming in just behind the Washington, D.C.-Arlington-Alexandria region.
Business Facilities’ rankings consider the number of corporate headquarters in a location and what resources that area offers for business operations, such as the cost of doing business and quality of life for workers. Richmond scores high in those factors and offers companies a strong business climate, workforce availability and solid infrastructure, say regional economic development officials.
The region’s star also is rising among those who make business location decisions, according to annual surveys of site selection consultants and corporate officials conducted for GRP, the lead regional economic development organization. A 2021 survey found that 20% of site selection consultants had considered Richmond previously, but only 2% of corporate executives had. But by the 2023 survey, nearly 40% of both groups said they’d considered the region, and site selection consultants said they short-listed Richmond about 40% of the time.
Friendly business climate
While cost is never the only factor companies prioritize when weighing locations, businesses want to locate headquarters or major assets in places with low taxes and stable, business-friendly policies, Wakefield says. Ranked second on CNBC’s Best States for Business list in 2023, Virginia checks those boxes; the state’s 6% corporate tax rate hasn’t changed in 50 years.
GRP compared the costs for operating a 50-person office — including rent, salaries and benefits, and utilities for a year — and found Richmond is less expensive than seven other major cities, including Atlanta, Charlotte, North Carolina, and Washington, D.C. Companies settling in Richmond pay lower costs for office rents, state unemployment insurance and commercial electric rates than in the comparison cities.
Fortune 500 utility Dominion Energy, which has its corporate headquarters and 5,400 employees in Richmond, charges industrial electric rates in Virginia that are more than 16% below the national average, according to Dominion Energy Virginia President Ed Baine. The company’s array of solar and wind projects under development also helps attract businesses that want renewable energy to help meet sustainability goals.
By the time company executives contact a local economic development office about a relocation, they’re ready to move quickly, so the locality must be ready, too, says Anthony J. Romanello, executive director of the Henrico Economic Development Authority.
Take for example Facebook (now Meta Platforms), which approached the county in late 2016 about building a 970,000-square-foot data center complex and was able to start construction by fall 2017 because the county offers a quick permitting process.
Additionally, last year, to attract more companies with lab and research activities, the Henrico Board of Supervisors lowered its research and development tax rate from $3.50 to $0.90 per $100 of assessed value. Last year, Thermo Fisher Scientific announced a $92.3 million expansion of lab operations in Henrico, and diagnostic lab testing company Genetworx also said it would double the size of its facility in the county’s Innsbrook area.
In recent years, Henrico also raised the threshold for exemption from BPOL (business, professional and occupational license) taxes to $500,000 in annual gross receipts. Supervisors “recognize that if we reduce the tax burden on the business community, they will respond in kind. We have seen substantial investment since taxes were reduced,” Romanello adds.
In the city of Richmond, business-friendly policies such as a citywide technology zone to encourage the growth of tech firms and a commercial area revitalization program to keep commercial corridors vibrant have helped attract and retain businesses, says Leonard Sledge, director of Richmond’s Department of Economic Development.
“We endeavor to move at the speed of business to help businesses grow in the city,” he says.
Worker availability
Many companies with Richmond operations praise the availability of skilled workers, due in part to the city’s proximity to several colleges and universities.
“One of the attractions of having a big base of operations in Richmond is a deep talent pool,” particularly in information technology, says Ted Hanson, CEO of ASGN, which occupies 78,000 square feet across multiple offices in the city. The company moved its headquarters from California to Henrico three years ago. Its largest business unit, Apex Systems, also has its headquarters and about 530 employees in Henrico.
The 17 counties of the Richmond Metropolitan Statistical Area have a workforce of 695,000 people, which rises to 1.2 million for the broader Central Virginia area. The greater Richmond region is home to more than 20 higher education institutions — including public schools like Virginia Commonwealth University, private universities like the University of Richmond, and two historically Black colleges and universities, Virginia State University and Virginia Union University.Collectively, they graduate thousands of students annually. With about 1.7 million higher education students within a 150-mile radius of Richmond, recruitment opportunities are unlimited. Additionally, nearly 40% of the region’s working-age population, ages 25 to 64, have at least a bachelor’s degree, compared with the national average of 33.5%.
“The state’s top-tier universities and thriving business communities help create a strong pipeline of candidates for a range of positions,” says Bill Nash, CEO of Goochland County-based Fortune 500 used-car retailer CarMax, which has 2,300 associates in metro Richmond.
Performance Food Group, a Fortune 500 company that employs nearly 1,000 workers at its Goochland headquarters and two area distribution centers, has “been very successful building the Performance family with local residents,” says company spokesperson Scott Golden. While PFG makes “some strategic hires outside of greater Richmond,” the company recruits locally for information technology, human resources and finance professionals, as well as skilled warehouse workers, truck drivers and front office workers.
Metro Richmond’s labor pool is also increasing because the region’s population is growing at a faster rate than the state as a whole — by 9.8% between 2010 and 2020, compared with 7% statewide. People relocating from Northern Virginia make up the largest group moving to the region, Wakefield says.
Occasionally, companies tell GRP that they’re worried about the potential number of available workers in Richmond, but in those cases, the market may be too small for their needs, Wakefield says. “If they’re looking for an Atlanta-sized market,” Richmond isn’t the right place, she adds.
Quality of life
Richmond’s quality of life is vital in attracting and retaining companies and their employees, economic development officials and company representatives agree.
The region’s low cost of living grabs people’s attention, says Matt McLaren, managing director of business attraction for Chesterfield County Economic Development. “People from larger metros nationally and internationally are surprised by the affordability, low congestion and sophistication of our market,” he says. “Taking them through neighborhoods and seeing them look at their real estate apps is always fun as they compare what they could afford in our region versus back home.”
Richmond’s cost of living is better than some markets with which the city directly competes for business relocations, including Charlotte, North Carolina, and Nashville, Tennessee. Richmond home prices averaged about $383,000 last year, substantially lower than the national average of $452,000.
Henrico EDA’s Live Your Best campaign focuses on the region’s quality of life and promotes it as a place “where workers and families are going to want to be,” Romanello says. The campaign touts Henrico’s top-ranked public schools, variety of housing and neighborhood options, low cost of living, and recreational attractions ranging from the James River to craft breweries.
Many projects coming to Chesterfield involve relocating employees, McLaren says. “Once they visit, it is an easy decision for them to choose to locate to a region rich with diversity and affordability of housing, amazing educational opportunities … [and] amazing recreational and cultural attractions.”
Richmond’s “deep talent pool” is an attractor for companies, says Ted Hanson, CEO of ASGN, which moved its headquarters to Henrico County from California in 2020. Photo by Matthew R.O. Brown
CarMax’s Nash echoes those comments: “Our hometown of Richmond is a vibrant place to live and work and attracts top talent from across the country.” He highlights the city’s restaurants, museums, and proximity to mountains and beaches as things his company’s employees love about the region.
Just as geography provides Richmonders a central location that’s two hours from mountains, beaches or the cultural offerings of Washington, D.C., it also offers companies a central location on the East Coast, approximately halfway between Florida and Maine and two hours from the nation’s capital. With three interstates serving the city, 45% of the U.S. population is within a day’s drive, including major markets in the Northeast and Southeast. Port access is available via river barge, trains and trucking.
For commuters, the city’s traffic is relatively light. “Richmond’s central location is a real benefit. You have the advantages of being in the state capital but not having to battle the hustle and bustle of traffic that you may get in other areas of the state,” ASGN’s Hanson says.
One of the region’s few weaknesses site selectors mention in GRP’s annual survey is the limited number of direct flights from Richmond International Airport. “Our location is an advantage but also a disadvantage because airlines look at the largest markets,” Wakefield says, adding that Perry Miller, president and CEO of the Capital Region Airport Commission, “has done a tremendous job of attracting new direct flights,” and the airport now has direct flights to
35 destinations. “That’s needed because we’re being counted out of projects.”
Regional cooperation
While economic development officials use phrases like “secret sauce” to describe Richmond’s brew of positive qualities, one of the biggest attractions for corporate headquarters and campuses is simply the fact that so many companies already have settled in Richmond. “Other companies like to cluster where there are headquarters and corporate service firms,” Wakefield says.
Henrico’s economic development staff is happy to tell corporate prospects that it has six Fortune 1000 companies and to namedrop Markel Group, Altria Group and others with major operations in the county. “Worldwide companies have double-downed on Richmond, and the rest of the world takes note of that,” Romanello says.
“Success begets success,” Sledge says, offering CoStar Group’s major investment in Richmond as an example. The D.C.-based real estate analytics and information company, with 1,500 area employees, has been in Richmond since 2016, and broke ground on a $460 million, 750,000-square-foot expansion of its riverfront campus in 2022. “Because of the business they are in,” Sledge says, “that investment sends a strong message about the city, region and commonwealth.”
Richmond-based companies also do their part to help economic development. Dominion Energy, for instance, has a team of energy experts that assists businesses seeking to expand or relocate in Virginia. Many companies, whether long established in Richmond or newcomers, contribute to the quality of life by being good corporate citizens, providing grants and volunteers for local nonprofits, sponsoring cultural events, and working to keep Richmond a vibrant community, Sledge says, adding that regional cooperation around economic development is also a plus.
“We are equally as excited and enthused about growth in the city as we are about growth of our partners in the counties. We need and want each other to be successful,” Sledge says.
Ranking among Business Facilities’ Top 10 metro areas for corporate locations is a bonus. Choosing a corporate site involves “some subjectivity,” but also plenty of analysis and objective criteria, Wakefield says, so when an executive sees Richmond in the Top 10, he or she might think, “if someone else put them on a list, maybe I shouldn’t discount them.”
Virginia Museum of Fine Arts Photo courtesy Virginia Tourism Corp.
Richmond at a glance
Founded in 1737 by Col. William Byrd II, Richmond is known as the River City for its location on the James River. The state’s capital, Richmond, is home to the Virginia General Assembly and much of state government. The metro region, which includes Chesterfield, Goochland, Hanover and Henrico counties, is headquarters to 11 Fortune 1000 companies. The region is also home to the University of Richmond, Virginia Commonwealth University, Randolph-Macon College, Virginia State University and Virginia Union University.
Population
226,604 (city); 1.3 million (metro region)
Top employers
VCU Health System/VCU: 21,332 employees
Capital One Financial: 13,000
HCA Virginia Health System: 11,000
Bon Secours Richmond: 8,416
Dominion Energy: 5,433
Major attractions
Richmond is home to historical and cultural attractions such as the Poe Museum, the American Civil War Museum, the Virginia Museum of Fine Arts, the Virginia Museum of History & Culture and the Black History Museum and Cultural Center of Virginia. Visitors can also enjoy time outside at Maymont park, Lewis Ginter Botanical Garden or the Kings Dominion amusement park. Carytown, the Fan District and Scott’s Addition offer many options for shopping, dining and entertainment.
Top convention hotels
Richmond Marriott 413 rooms, 26,760 square feet of event space
DoubleTree by Hilton Hotel Richmond – Midlothian 237 rooms, 26,039 square feet of event space
The Jefferson 181 rooms, 26,000 square feet of event space
Hilton Richmond Short Pump Hotel and Spa 254 rooms, 21,937 square feet of event space
A global manufacturer of plastic films and aluminum extrusions, Tredegar is a 1989 spinoff of Richmond fuel additives company Ethyl.
Steitz was named president and CEO in 2019 following the retirement of John D. Gottwald, who had served in the role for 30 years. Steitz had served on Tredegar’s board of directors since 2017 while also serving as CEO of polymer additives supplier Addivant, which merged with SI Group in 2018. He was also a director of specialty-grade phosphate producer Innophos Holdings from 2008 until 2020, when it was acquired.
Tredegar reported an 18.3% increase in net sales for fiscal year 2022, compared with 2021, climbing from $539.3 million to $637.8 million, but earnings were down in the first quarter of 2023, due to a “significant slowdown” in demand for its products that has also led to excess inventory. The company employs approximately 2,200 people and operates manufacturing facilities in North America, South America and Asia.
Steitz has a bachelor’s degree in chemical engineering from University of Missouri-Columbia and an MBA from Southern Illinois University Edwardsville.
Abdullah received the ultimate show of support from VSU in 2022, when he signed a multimillion-dollar deal to stay on as president through 2029.
The public historically Black university was struggling financially when Abdullah arrived in 2016, but he has since righted the ship, leading the school to a budget surplus. VSU was ranked No. 26 in U.S. News & World Report’s list of Best Overall HBCUs this year, and it was named HBCU of the Year in 2018 by HBCU Digest.
Abdullah is a member of President Joe Biden’s Board of Advisors on Historically Black Colleges and Universities, chairing the infrastructure committee. He is also board chair-elect for the Association of Public and Land-grant Universities.
A native of Chicago, Abdullah has an undergraduate degree in civil engineering from Howard University and master’s and doctoral degrees in the same discipline from Northwestern University. Before arriving at Virginia State, he worked in a variety of executive roles at universities in Florida.
Bortell has been with Timmons Group for over three decades, starting his career with the company as an entry-level engineer and working his way up into his current role. He sets the strategic direction for the 1,000-plus-person firm and oversees its four operating divisions and 18 offices across the U.S.
Under Bortell’s leadership, Timmons Group landed on the Inc. 5000 list of America’s fastest-growing privately held companies from 2016 through 2021.
In May, Timmons Group announced it would develop a 150,000-square-foot office building at the Springline at District 60 mixed-use development in Chesterfield County to serve as its new headquarters.
A registered professional engineer, Bortell received his MBA from Averett University and his bachelor’s in civil engineering from Virginia Tech.
Bortell is an endurance athlete who has run in more than 20 marathons and competed in numerous triathlons and the Hawaiian Ironman contest. Bortell is active in both the local Road Runners Club and Richmond Tri Club.
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