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Richmond is the capital of the Commonwealth of Virginia, in the United States.Richmond is located at the fall line of the James River, 108 miles (174 km) south of Washington DC, 71 miles (114 km) east of Charlottesville, VA, and 54 miles (87 km) west of Williamsburg, VA. The city of"Richmond" was named after the English town of Richmond.After the American Revolutionary War, Richmond emerged an important industrial center.
Richmond's economy is primarily driven by law, finance, and government, with federal, state, and local governmental agencies, as well as notable legal and banking firms, located in the downtown area.Richmond emerged as an economic powerhouse after the Civil War, with iron front buildings and massive brick factories.Canal traffic peaked in the 1860s and slowly gave way to railroads, allowing Richmond to become a major railroad crossroads, eventually including the site of the world's first triple railroad crossing.Tobacco warehousing and processing continued to play a role, boosted by the world's first cigarette-rolling machine, invented by James Albert Bonsack of Roanoke.Richmond's location on the James River, built on undulating hills at the rocky fall line separating the Piedmont and Tidewater regions of Virginia, provided a natural nexus for the development of trade and commerce.The Greater Richmond area was named the third-best city for business by MarketWatch in September 2007, ranking behind only the Minneapolis and Denver areas and just above Boston. The area is home to six Fortune 500 companies, including: electric utility Dominion Resources; CarMax; Owens & Minor; Genworth Financial, the former insurance arm of GE; MeadWestvaco; and Altria Group.Five Fortune 1000 companies have their headquarters located in the area including Brink's; Massey Energy; Universal Corporation; and Markel.Richmond is also the site to the Southern States Cooperative, one of the largest farm supply cooperatives in the US.The Richmond-Petersburg region is known nationwide for its large and diverse retail economy.Richmond is also famous for its neighborhood centers, including The Shops at Libbie & Grove, Shockoe Bottom, Shockoe Slip, Bellevue and MacArthur Avenues and its most famous retail mecca, Carytown. All of these are known for hosting locally owned businesses, restaurants and shops.Richmond was the site of the Ukrop's Super Market, a regional, family-owned chain of supermarkets known for its customer service and innovation.