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Strategic Economic Development

"Mike Hopkins (the M Companies) was a valuable team member during our work for the City of Richmond. Mike's insights into current events and the City's political dynamics were hugely beneficial. In addition, Mike's ability to communicate with individuals at all levels helped ensure a smooth process in preparing the strategic plan for economic growth."  Jon M. Roberts, Principal TIP Strategies, Inc

M Companies is selective in our engagements resulting in the development of innovative strategies, programs, and outreach campaigns. This approach allows us to understand our clients and projects' unique challenges. We pride ourselves on our ability to think creatively, customize each engagement and provide resources at the highest level to meet the client’s needs.

Strategic Plan for Equitable Economic Development (SPEED)

The plan establishes five aggressive economic development goals through Fiscal Year 2026:

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  • $3 billion in capital investment for economic development projects;

  • 3,000 announced new jobs with annual salaries at or about $52,000;

  • Reduce the poverty rate by 5 percentage points;

  • Public and private sector real estate development activities that generate $25 million in annual real estate tax revenue; 

  • 2,500 postsecondary credentials awarded to Richmond residents.

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