Strome Business Minute With Dr. Jeff Tanner

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. CoStar, the Richmond-based real estate data company that owns familiar brands like Apartments dot com, plans to double its workforce in Richmond, from one thousand to two thousand workers. Nearly five years ago, when the company first located in Richmond, they announced plans to hire seven hundred and fifty people, so this growth has been very rapid. The company will occupy a new building in the Navy Hill development in downtown Richmond, as part of a revitalization of that area. This is the same area where the proposed arena will be built. CoStar CEO said that without the Navy Hill project, this workforce growth would have gone elsewhere. In addition to the arena, plans include a convention center, retail and restaurants, housing and more. To learn more, visit odu.edu/business. This Strome Business Minute is presented by the Strome College of Business at Old Dominion University.