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News | 2 min read

Business Facilities magazine names Richmond a top destination for corporate headquarters

July 22, 2019

RICHMOND, VA – Business Facilities magazine, a leading publication for site location advisors recently ranked Richmond as one of the top places for corporate headquarters in its Metro Rankings Report. The Richmond Region, home to 7 Fortune 500 and 3 Fortune 1000 headquarters, ranked second in the corporate headquarters category and competed against peer cities with a population less than 300,000.

“Richmond has consistently punched above its weight class as a Fortune 1000 corporate headquarter location,” said Jennifer Wakefield, the Greater Richmond Partnership’s Interim President/CEO and Senior Vice President of Marketing. “In the U.S., few regions our size have a higher concentration of Fortune headquarters than we do, and we’re honored to be ranked among the best locations.”

Richmond also ranked in the Top 10 in other categories, including 4th for ‘Economic Growth Potential’ and 7th as a ‘Millennial Magnet’ based on a National Association of Realtors analysis of millennials moving into the 100 largest metros.

“Our business attraction efforts have been helped in recent years thanks to Richmond’s in-migration of millennial talent from all over the Mid-Atlantic area,” explained Wakefield. “Many companies are seeking millennial talent to ramp up efforts locally due to the region’s low unemployment rate. However, the region’s underemployment rate floats around 12 percent – which includes mostly millennial talent eager to expand their capabilities.”

Business Facilities’ 15th Annual Rankings Report has a national print and digital audience of more than 80,000 qualified C-level executives and site selectors.

About the GRP

The Greater Richmond Partnership, Inc. (GRP) is the lead regional economic development organization for the City of Richmond and counties of Chesterfield, Hanover and Henrico in Virginia. GRP recruits companies from all over the globe which provide employment opportunities and taxable capital investment for the community. For more information, visit