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: electric utility Dominion Resources; CarMax; Owens & Minor; Genworth Financial, MeadWestvaco/ WestRock, and Altria Group.
However, only Dominion Resources is 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 Henrico County, 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 with the help of the Greater Richmond Partnership, a regional economic development organization that also helped locate Aditya Birla Minacs, Amazon.com, and Honeywell International, to the region.
In July 2015, MeadWestvaco merged with Georgia-based Rock-Tenn Company creating WestRock Company.

Other Fortune 500 companies, while not headquartered in the area, do have a major presence.
These include SunTrust Banks (based in Atlanta), Capital One (officially based in McLean, Virginia, but founded in Richmond with its operations center and most employees in the Richmond area), and medical and pharmaceutical giant McKesson Corporation (based in San Francisco).
Capital One and 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 United Parcel Service has its corporate headquarters in Richmond.

Other companies based in Richmond include engineering specialists CTI Consultants, chemical company NewMarket; Brink's, a security and armored car company; Estes Express Lines, a freight carrier, Universal Corporation, a tobacco merchant; Cavalier Telephone, now Windstream, a telephone, internet, and digital television provider formed in Richmond in 1998; Cherry Bekaert & Holland, a top 30 accounting firm serving the Southeast; the law firm of McGuireWoods; Elephant Insurance, an insurance company subsidiary of Admiral Group and Media General, a company specializing in broadcast media.
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: electric utility Dominion Resources; CarMax; Owens & Minor; Genworth Financial, MeadWestvaco/ WestRock, and Altria Group. However, only Dominion Resources is 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 Henrico County, 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 with the help of the Greater Richmond Partnership, a regional economic development organization that also helped locate Aditya Birla Minacs, Amazon.com, and Honeywell International, to the region. In July 2015, MeadWestvaco merged with Georgia-based Rock-Tenn Company creating WestRock Company.
Other Fortune 500 companies, while not headquartered in the area, do have a major presence. These include SunTrust Banks (based in Atlanta), Capital One (officially based in McLean, Virginia, but founded in Richmond with its operations center and most employees in the Richmond area), and medical and pharmaceutical giant McKesson Corporation (based in San Francisco). Capital One and 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 United Parcel Service has its corporate headquarters in Richmond.
Other companies based in Richmond include engineering specialists CTI Consultants, chemical company NewMarket; Brink's, a security and armored car company; Estes Express Lines, a freight carrier, Universal Corporation, a tobacco merchant; Cavalier Telephone, now Windstream, a telephone, internet, and digital television provider formed in Richmond in 1998; Cherry Bekaert & Holland, a top 30 accounting firm serving the Southeast; the law firm of McGuireWoods; Elephant Insurance, an insurance company subsidiary of Admiral Group and Media General, a company specializing in broadcast media.
Richmond, Virginia