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RICHMOND RESUME WRITERS:
Fortune 500 companies and other large corporations
Six Fortune 500 companies are headquartered in the Richmond areaThe 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.
Five Fortune 1000 companies also have their headquarters located in the area. These include: Brink's; Massey Energy; Universal Corporation; and Markel. Of these, only Massey Energy and Universal Corporation are headquartered within the city of Richmond.
Other Fortune 500 companies, while not headquartered in the area, do have a major presence here. 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). Universal Corporation, also in the tobacco industry, has its corporate headquarters here as well. Capital One and Altria company's Philip Morris USA are two of the largest private Richmond-area employers. In 2008, Altria moved its corporate HQ from New York City to Richmond, adding another Fortune 500 corporation to Richmond's list. DuPont maintains a production facility in South Richmond known as the Spruance Plant.
Richmond is home to the rapidly developing Virginia BioTechnology Research Park, which opened in 1995 as an incubator facility for biotechnology and pharmaceutical companies. Located adjacent to the Medical College of Virginia (MCV) Campus of Virginia Commonwealth University, the park currently[when?] has more than 575,000 square feet (53,400 m2) of research, laboratory and office space for a diverse tenant mix of companies, research institutes, government laboratories and non-profit organizations. The United Network for Organ Sharing, which maintains the nation's organ transplant waiting list, occupies one building in the park. Philip Morris USA opened a $350 million research and development facility in the park in 2007. Once fully developed, park officials expect the site to employ roughly 3,000 scientists, technicians and engineers.
Richmond is the home of the Ukrop's Super Market, a regional, family-owned chain of supermarkets known for its customer service and innovation. Ukrop's is 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.
Cavalier Telephone, a telephone, internet, and digital television provider formed in Richmond in 1998, also has its headquarters in the city.
 Economic developments
In recent years, Richmond has been attempting to revive its downtown. Recent downtown initiatives include the Canal Walk, a new Greater Richmond Convention Center, and expansion on both VCU campuses. Despite numerous controversies related to excessive employee salaries and wasteful spending of public tax money, a new performing arts center, Richmond CenterStage, opened on September 12, 2009. The complex included a renovation of the Carpenter Center and construction of a new multipurpose hall, community playhouse, and arts education center in parts of the old Thalhimers department store. As planned by the Virginia Performing Arts Foundation (VAPAF), the publicly-funded arts center project now known as CenterStage has been mired in controversy, poor planning and questionable spending of money raised from a special citywide meals tax hike.
The center was set to receive $25 million in 'City of the Future' funds from Mayor Doug Wilder, even though the current planner of CenterStage had yet to disclose annual administrative and operating expenses or initiate an artists endowment. There are also few representatives from the area's performing arts community in key positions of authority within the project, leading critics to speculate that CenterStage is more of a real estate deal designed to prop up a failing convention center expansion than a worthwhile arts venture.
In February 2006, MeadWestvaco announced that they would move from Stamford, Connecticut, to Richmond in 2008. The company is building[when?] an 8–10 story office building downtown, near the Federal Reserve building.