Congressional fundraising reports for the first quarter of the year are starting to trickle in, and a prized Democratic recruit in Virginia is off to a solid start.

Paul Hirschbiel, the Virginia Beach businessman seeking to oust freshman Rep. Scott Rigell (R), is expected to report that he raised $325,000 in the first three months of the year, with $670,000 in the bank as of March 31. Rigell’s campaign said his first-quarter numbers were not ready yet; the incumbent had $712,000 on hand at the end of 2011.

Herman Cain is raising money for congressman Scott Rigell (R) of Virginia. (Photo by Win McNamee/Getty Images)

Under the redrawn Virginia congressional map, the Hampton Roads-based 2nd district could host the only truly competitive House contest in the state this November. That could make the race an expensive one, and not just because Hirschbiel and Rigell are good fundraisers.

Hirschbiel — founding partner at the New York-based private equity firm Cornerstone Equity Investors and owner of the Virginia Beach-based consulting firm Eden Capital — has a personal net worth of several million dollars. So does Rigell, who owns auto dealerships in the Hampton Roads region and who put more than $2.5 million into his 2010 campaign.