Posts Tagged ‘Economy’
Valero prohibited from buying oil terminals in Martinez, Richmond for next decade
A federal judge signed a final judgment last month, prohibiting Valero Energy Corporation from buying oil storage and distribution terminals in Martinez and Richmond for the next 10 years.
Read MoreMayor paints rosy picture of Richmond in State of the City address
Richmond Mayor Tom Butt delivered his annual State of the City address to a crowd of about 50 people Tuesday night, and though it wasn’t quite as upbeat as Oakland Mayor Libby Schaaf’s recent “Moonshot” address, he did seem to have plenty of good news for the city.
Read MoreEconomy rebounds nationally but remains stagnant in Richmond, some residents say
But in Richmond, which experienced a high foreclosure rate and a high unemployment rate during the Great Recession, recovery, even seven years later, remains slow.
Read MoreLong after recovery, the housing wealth gap in Richmond is worse than ever
As the country continues to recover from the economic crisis, and housing prices in the Bay Area have quickly resumed their ascent, Richmond is stuck in the biggest wealth gap in housing it’s ever known.
Read MoreUC Berkeley Chancellor meets with Richmond community about Global Campus
The Chancellor of the University of California, Berkeley, Nicholas Dirks, assured Richmond stakeholders yesterday that the economic benefits of the proposed Global Campus will be shared with the community. The project has raised concerns among the Richmond community as well as hopes.
Read MoreHomeowners’ associations ally to create new Hilltop District and push neighborhood facelift plan
Growing up in the Hilltop area of Richmond, Cesar Zepeda never knew why the empty lot at San Pablo Ave. and Richmond Parkway remained undeveloped more than 16 years after it was first proposed for a park. Sidewalks led to nowhere, and installed irrigation had nothing to bring water to.
Read MoreA day in the life of Hilltop Mall
Hilltop Mall is in a period of transition, with its struggle for business well documented. We looked deeper into the problems, prospects and potential of Hilltop Mall.
Read MoreDeveloper looks to build massive, affordable apartment complex off 23rd Street
Should the project break ground, the estimated 18 months of construction would require between 100 and 300 workers, according to the proposal.
Read MoreSister cities, in name if not in deed, edge closer to a true financial kinship
Two weeks ago a Zhoushan business delegation visited the port, and this time they came to do more than shake hands. A new Chinese-based development, built in part with Richmond’s participation, is on the immediate horizon.
Read MoreMayoral and City Council candidates debate economic vitality at Hilltop Mall
On Saturday, Richmond mayoral and city council candidates debated plans over how to spur economic vitality at Hilltop Mall. Click through the photo gallery to see what they had to say.
Read MorePublic salaries outpace residents’ income levels
Richmond public employees earn a yearly average salary almost twice the median household income of the city’s residents, leading to a drain of wealth and resources as many of those employees choose to live outside of the city.
Read MoreComing of age and coming into her own: the story of a Richmond beauty salon
As I drove down 23rd Street on my way to Erica’s Beauty Salon on Saturday morning, I wondered how many people had already canceled their hair appointments. The clouds were still slumbering at 9 a.m., but the morning news report had assured everyone that heavy showers were inevitable. Rain equals bad hair.
Read MoreRichmondBUILD boosts local green industry, but can’t carry economy
At 19 years old, Lela Turner found herself homeless, jobless and struggling. Two years earlier, the San Leandro High School graduate had tried working part-time at McDonald’s and attending Chabot Community College in Hayward. But an unstable family life and unforeseen expenses soon put Turner out on the street with no place to go —…
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