Business & Industry

It’s early to be thinking about Thanksgiving and Christmas, but one Richmond company is in full holiday mode.  

On a quiet afternoon, Mark Sauer sits in the large executive office of a company founded by his great, great grandfather.  There’s an old  photo of his uncle delivering products from a donkey cart, and color portraits that underscore the history of the firm.

“This is CF Sauer.  This is CF Sauer, Junior.  That’s my father, CF Sauer, the third, and this is my brother, CF Sauer, the fourth.”

Over the years, each has overseen the manufacture of pure vanilla.

Richmond is in the spotlight this week, hosting the world championships for road biking. As out-of-towners flock to the city, and spectators stroll the streets -- community developers have seized the unique opportunity to do something new with old spaces.

Josh Son bikes through downtown Richmond to get to his office. He works for the city, helping attract businesses. And every day, he’d bike past the same row of abandoned storefronts. 

“Since they’re uninhabited they’re not being taken cared for. Some of them are falling apart, they’re dirty.”

Associated Press

Anyone working or living around Richmond can attest to the sizeable impact of the UCI World Cycling Championships. But, beyond the road closures and massive crowds, some believe the race’s presence could leave a lasting impression on the region. 

MillerCoors LLC

More than 500 people in Southside Virginia and northern North Carolina will be losing their jobs next September when MillerCoors Brewing shuts down beer production in Eden, North Carolina. In an announcement the company blamed loss of sales to craft brewers among other factors.

Average compensation for jobs at the MillerCoors Brewery is around $100,000  a year. That's far above almost anything else along the Virginia/North Carolina state line. Eden mayor Wayne Tuggle says job losses won't stop there, given that other  industries in the region exist to support the brewery.

Simon Cunningham/Creative Commons

Across the nation crowd-funding is enabling entrepreneurs and dreamers to bring their ideas to fruition by allowing start-ups to get help from other individuals and businesses.

And as of July 31st, Virginia has been allowing crowd-funding offerings-but in order to protect investors, the State Corporation Commission is implementing new regulations.