How We Help

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The Development Corporation of Richmond is a dedicated resource that facilitates the development and business expansion in Richmond.

As the official city advocate for the business, real estate, and development communities, our department assists with due diligence reports, connecting private sector enterprise with city goals. Our full-service department is equipped with real-time city information, real estate data, and market intelligence provided at no cost.

  • Our development review process is consistent, predictable, and less time consuming than other cities

  • We have supportive staff and we’re open to unique strategies

  • Quality, yet not excessive development standards allow a property or investment to retain its value over time

  • Pre-development assistance determining potential barriers to entry, as well as guidance in business planning, marketing, processes, and procedures

  • Connection to resources with access to capital, business networks, service providers, as well as city departments, states, and procedures

  • Advocating and endorsing during the permitting processes (site plans, zoning, platting, permitting and performance agreements)

  • Proactive communications via digital and traditional media, including business trends, project updates, and business, broker, and developer relations

  • Site feasibility assistance (utilities, traic counts, access, and zoning)

  • Economic, demographic and psychographic analysis

  • Competitive supply and customer demand analysis

  • Financial feasibility (land and development costs, development type, cost of capital, cost of labor, projected taxes, development fees, rent, sales price, projected appreciation, and returns)

  • Political feasibility (community support)

  • Applicability for public participation (new business, expansion, and renovation)