Virginia Businesses Archives - virginiaretail.org http://www.virginiaretail.org/ Improve your retail business - online resource Tue, 03 May 2022 10:51:53 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.6 https://www.virginiaretail.org/wp-content/uploads/X40Nm9/2022/05/cropped-Virginia-retail-logo-1-150x134.png Virginia Businesses Archives - virginiaretail.org http://www.virginiaretail.org/ 32 32 4 Upcoming Casino Resorts in Virginia https://www.virginiaretail.org/4-upcoming-casino-resorts-in-virginia/ https://www.virginiaretail.org/4-upcoming-casino-resorts-in-virginia/#respond Mon, 11 Apr 2022 07:06:17 +0000 https://www.virginiaretail.org/?p=15 Casino gambling was not legal in Virginia a few years back. It is one of the last states in the United States of America to legalize casino gambling. Five cities got the approval of state legislation in 2019 as locations for building casino resorts. Among them, four cities selected the plans that had come from …

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Casino gambling was not legal in Virginia a few years back. It is one of the last states in the United States of America to legalize casino gambling. Five cities got the approval of state legislation in 2019 as locations for building casino resorts. Among them, four cities selected the plans that had come from the applicants. In the election of November 2020, local voters gave their final approval.

The proposal for a casino in Richmond was rejected in the election held in November the next year. It was for the casino ‘One Casino and Resort’. The proposal had come from URBAN ONE, the company that owns radio stations across the United States. The four casino hotels that got the approval from voters are:

1. Caesars Virginia

This $500 million casino resort would be opening in late 2023 in Danville. Caesars Entertainment has named the casino ‘Caesars Virginia’. Besides an elegant casino, it will also have a hotel and an entertainment center. The number of slot machines in this casino would be 1,400.

In addition to these slot machines, it will have 75 table games, a sportsbook, and a poker room. There would be 500 guest rooms in the hotel along with a conference center and meeting rooms. The seating capacity of the entertainment center will be 2,500. Want play slots online? Check this website!

2. Hard Rock Hotel & Casino Bristol

Until the construction of this casino hotel is completed, the Bristol Casino would be in operation. This is a $400 million project located in the city of Bristol in Virginia. Completion of this property is expected in late 2023 or in early 2024. Upon completion, it will have a 90,000-square-foot casino.

Besides this, the casino hotel will have a 750-room hotel and a convention center. It will also include a 3,200-seat entertainment center, an outdoor entertainment venue, retail shops, and restaurants.

3. Rivers Casino Portsmouth

Currently under construction, this $300 million casino resort is located in Portsmouth. The date of opening for Rivers Casino Portsmouth is February 2023. Upon completion, the casino will have table games, slot machines, and restaurants. The 400,000-square-foot complex will include a movie theater and a 3,000-seat venue for events.

Additionally, the property will also have a 4-star hotel and retail stores. A Chicago-based gaming and entertainment company called ‘Rush Street’ will develop and operate this property. As of now, the company operates casinos in Pennsylvania, Illinois, and New York.

4. Headwaters Resort and Casino

This casino hotel will open in Norfolk in 2024. The cost of this project is estimated to be $500 million. Headwaters Resort & Casino will be located next to Harbor Park on the Elizabeth River. The casino will have 150 table games and 3,000 slot machines. There will be 300 guest rooms and suites in the hotel.

The Pamunkey Indian Tribe had signed a development agreement at the beginning of 2020 with the City of Norfolk. It was to build this casino hotel on the city land measuring 13.4 acres. The voters gave their approval to this casino in the election held on the 3rd of November 2020.

There are plans to include a rooftop entertainment area and an event center in the property. It will also have a spa and rooftop pool along with multiple restaurants.

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5 Best Places in Virginia for Aspiring Entrepreneurs https://www.virginiaretail.org/5-best-places-in-virginia-for-aspiring-entrepreneurs/ https://www.virginiaretail.org/5-best-places-in-virginia-for-aspiring-entrepreneurs/#respond Fri, 11 Mar 2022 03:15:33 +0000 https://www.virginiaretail.org/?p=9 Virginia has some excellent business-friendly policies that encourage new business ventures. The state has the lowest income tax rate when compared to the other states of America. It also gives plenty of incentives for existing businesses as well as startups. Over the past few years, such policies have paid off in a good way. Plenty …

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Virginia has some excellent business-friendly policies that encourage new business ventures. The state has the lowest income tax rate when compared to the other states of America. It also gives plenty of incentives for existing businesses as well as startups. Over the past few years, such policies have paid off in a good way. Plenty of job opportunities are being created in the state since the economic downturn of 2008.

The average hourly earnings of those working in the private sector have also risen. Economic development grants and reimbursement for recruiting and training services are some of the business incentives offered. Listed below are some of the best places in the state for aspiring entrepreneurs to start a business:

1. Fairfax

For every 100 individuals, there are over 25 businesses in this city. This is considered the highest number of businesses in the state. At 4%, the unemployment rate is lower than the national and state average. The Central Fairfax Chamber of Commerce plays an important role in serving the local businesses.

It also organizes regular networking events, marketing opportunities, educational workshops, and leadership training.

2. Tysons Corner

This is the central business district of the Fairfax County. Businesses located here have an average revenue of more than $11 million. About 45% of businesses in this area have paid employees. Tysons Corner has a little more than 23 businesses for every 100 people.

This ranks it second highest among all the communities in Virginia. Among the top employers in this area are Hilton Worldwide and Booz Allen Hamilton. The largest shopping mall in Virgina is also located in Tysons Corner.

3. Abingdon

Located in the Blue Ridge Highlands region, this town is an excellent place for outdoor lovers. The median monthly costs of housing in this town is among the lowest. Abingdon is either home to or close to many recreational trails as well as historic places.

This includes the Virginia Creeper Trail that spans 34 miles. For every 100 people, the town has 19 businesses. The Washington County Virginia Chamber of Commerce serves Abingdon’s local businesses.

4. Warrenton

Located at an hour’s distance west of Washington D.C is this fascinating town. It is close to Shenandoah National Park and has a little over 21 businesses for every 100 people. The highlight of this town for businesses is the Greater Warrenton Chamber of Commerce. It also offers a business assistance team.

The mission of this team is to provide support and education to the local businesses. This is aimed towards their sustained profitability and success. The chamber also provides its members with free professional guidance, expertise, and resources.

5. Vienna

This town is located at a distance of 17 miles west of downtown Washington D.C. The town’s ranking has been hampered by its median monthly housing costs. Despite this, it has a low unemployment rate of 2.1%. This town has a little more than 16 businesses for every 100 people.

It also has a high median annual income of over $83,000. Among the top employers in the town are Fairfax County Public Schools and Navy Federal Credit Union. The Vienna Business Association provides excellent opportunities for its members with regards to networking and promotion.

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