Richmond is the capital of the Commonwealth of Virginia, in the United States of America. Like all Virginia municipalities incorporated as cities, it is an independent city, not part of any county (Richmond County is unrelated, and located in a different region of the state).

In 2005, Forbes Magazine ranked the Richmond area as the #14 Best Place for Business and Careers, primarily due to its highly educated labor force and relatively low business costs. Other areas of the economy that have developed recently in the city include pharmaceuticals, insurance, advertising, biotechnology, education, tourism health services, or semi-conductors.