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Read the Summer 2017 issue of the FXBG Regional Chamber Business Magazine is out now. The issue features the committee activity from Senators Mark Warner and Tim Kaine; Congressmen Rob Wittman and Dave Brat; and local military base commanders. An interview with two married couples who own and operate a business together.
Click here to access a digital copy of the July/August issue.
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REC Announces New Member of Executive Leadership Team
John D. Hewa has joined Rappahannock Electric Cooperative’s (REC) executive management team, where he will oversee several functional areas including Finance and Accounting, Human Resources, Safety and Security, and Technology Services. Hewa has more than 20 years of leadership experience in the electric utility industry and a broad knowledge of the cooperative business model. He has served as the CEO of electric cooperatives in Texas and Florida, and as vice president of research, engineering, and technical services at the National Rural Electric Cooperative Association (NRECA). Prior to his cooperative career, Hewa managed the utilities department for the City of Manassas, Virginia. Hewa serves on the NRECA Governance Task Force and the Board of Directors for the Smart Electric Power Alliance (SEPA). “There are many opportunities ahead for REC as it continues to grow,” said Hewa. “I am excited to be part of REC’s excellent tradition of providing outstanding service and value to its member owners. My family and I are glad to be returning to Virginia, and I am so appreciative of the opportunity to be associated with the dedicated REC team.”
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Leadership Fredericksburg accepting community non-profit project proposals for 2018 class
Leadership Fredericksburg,
a program of the Fredericksburg Regional Chamber of Commerce, is requesting Action Learning Project Proposals from area nonprofit and/or community organizations for the 201
8
Class.
An integral part of the community, Leadership Fredericksburg is proud of its success working with community partners such as the Rappahannock United Way, Historic Fredericksburg Foundation, Rappahannock Legal Services, and many others. To be considered, nonprofit must be located within Planning District 16 (Stafford, Spotsylvania, King George, Caroline, and the City of Fredericksburg). Nonprofit service areas that cover more than one jurisdiction are preferred but not required. For additional project questions, please contact Sheri Wikert at sheri@fxbgchamber.org or 540-373-9563.
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Library Administration moves to new location
Library administrators and administrative staff have moved from the third floor of the Headquarters Library in downtown Fredericksburg to the Library Administration Center at 125 Olde Greenwich Drive, Suite 160. At the end of May, staff moved into this 12,000-square-foot space adjacent to the pre-existing Library Service Center. Administrative staff are joining collection and digital services staff who have been at this location for ten years. The two spaces are now connected, and the entire 25,000-square-foot complex has become the Library Administration Center.
The new space includes staff offices, training labs, a conference room, and space for administrative services. In the future, customers will be able to pick up holds at this location and shop in a Friends of the Library book store.
This relocation is a major step towards achieving the long-time goal of opening the third floor of the downtown Headquarters Library to the public.
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(From FL-S) t's been a long-held notion that June is the best month to sell a home. And the local real estate market delivered on that adage last month with increased sales, according to a market analysis by the Fredericksburg Area Association of Realtors. Sold dollar volume in the Fredericksburg region increased 16.5 percent and reached nearly $230 million in total sales. The median sold price rose 8.2 percent, going from $280,000 in June of 2016 to $305,000 in this June. There were 710 units sold in June 2017, a 7.74 percent increase from last year during the same month. Days on market—the amount of time it takes from when a listing enters the market until it is sold—decreased more than 20 percent, going from 63 days in June 2016 to 50 days in June 2017. Inventory continues to be a challenge in the Fredericksburg market with yet another month of fewer listings than the previous year. In June 2016, there were 1,784 listings on the market. Last month saw 4.5 percent less at 1,703. FAAR said at there is currently a 3.5-month supply of available homes. A healthy market generally has about a 5-month supply of homes.
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EDA approves grants, discusses future grant process
(FL-S) Fredericksburg’s economic development authority approved more than $10,000 in grants at its Monday meeting and discussed the future of its grant cycle, which has been a major impetus in revitalizing downtown business locations. All grants were made under the EDA’s façade improvement, JumpStart!, event sponsorship and arts programs. The EDA funds its grants through the fees it collects from private organizations in exchange for representing those groups’ tax-exempt bond issuances. The EDA accepts grant applications four times per year, with its next deadline in September. This façade improvement matching grant was approved: $5,000 to Jonathon Chen for a gate, door and trim repair at 1005 Princess Anne St. This nonprofit JumpStart! grant was approved: $717.15 for Tree Fredericksburg to plant shrubs at the entrance to train station.
Event sponsorships approved were: $1,500 to Fredericksburg Book Festival. $2,000 for the Made in FredVa competition to the Fredericksburg Regional Chamber of Commerce. $1,500 to a new event, the Fredericksburg Jazz Festival, for an Oct. 7 jazz festival to be held in Market Square. A total of $10,717.75 was given out in grants.
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PBMares’ 62nd Edition of Clubs in Town & Country Helps Clubs Brace for Future Trends
Membership demographics, operating costs and discretionary income are just three pressures facing private country and city clubs across the U.S., according to data included in the 62ND edition of Clubs in Town & Country produced by PBMares, LLP, a leading public accounting and consulting firm serving clubs nationally and internationally. “2016 was a banner year for many, but not all clubs,” said Kevin Reilly, JD, CPA, CGMA, a partner with PBMares who also leads its private club practice. “There are a lot of clubs competing for the entertainment dollars and clubs have to become more relevant in order to continue succeeding.” The more than 800 clubs that submitted data through Club Benchmarking are also facing revenue challenges, fluctuating memberships levels and concerns about the economy. There is also a correlation between trends in club membership, demographics and member needs that clubs must understand to be successful. Read More.
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Story Collaborate and Germanna Community College offering recruitment workshop
Recruiting can be tough - they will present some fresh insights for those who want to find and keep entry level employees, on Wednesday, July 19 at Germanna Community College starting at 11:30 a.m. The workshop is available online via Livestream. Story Collaborate will present "How to Improve Your Employer Brand," and Thomas Williams, National Practice Immigration Attorney will present "Employment Based Immigration for small to mid-sized healthcare."
Registration information here.
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The University of Mary Washington has been recognized among the nation’s best colleges by two major publications, the Fiske Guide to Colleges and USA Today. For the eighth consecutive year, the prestigious Fiske Guide to Colleges recognized UMW as a “best buy.” Mary Washington is among 21 public and 26 private institutions recognized for delivering outstanding academics and the most reasonable prices. The 2018 edition of the selective guidebook features more than 300 colleges and universities. The listing was based on questionnaires sent to administrators and a cross-section of students. Read more.
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(From FL-S) Equus Capital Partners, Ltd. has sold the Madison England Run and Madison Falls Run apartment communities in Stafford County for more than $100 million. The 676-unit apartment portfolio was sold to Virginia-based Chandler Management for $100.5 million. The properties were last sold in 2012, when private equity fund manager Equus purchased it as an affiliate of Philadelphia-based BPG Properties Ltd. for $83.4 million from a subsidiary of UDR Inc. Since that sale, about $3 million has been spent on updates. The communities are about a mile from each other and not far from the Interstate 95 interchange with U.S. 17.
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Virginia moves up in CNBC rankings of best states for...
After slipping for five years, Virginia has moved up this year in a prominent ranking of the best states for doing business. Virginia came in at No. 7 on this year's list of the top states, released Tuesday by business-focused news channel CNBC.
Read more
www.richmond.com
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Ribbon Cutting at Medical Imaging of Fredericksburg New 3D Mammograms
Medical Imaging of Fredericksburg held a ribbon cutting for the expansion of 3D mammograms, a powerful detection tool available to women that produce greater accuracy. New 3D Mammography equipment has now been installed at Lee’s Hill. 3D mammography has been available at the Imaging Center for Women in central Fredericksburg for over a year, and the demand has continued to grow. MIF is expanding the number of locations where this scan is available. 3D is now available at Lee’s Hill and the Imaging Center for Women, and in August it will also become available at the new Imaging Center for Women opening in North Stafford. For more information
Pictured left to right: Aatif Rahman, Director, Medical Imaging of Fredericksburg, LLC.; Dr. Roni Talukdar, Board Certified Radiologist, Fellowship trained in Women’s Imaging, Medical Director of Women’s Imaging; Ed Swager, CEO, Radiologic Associates of Fredericksburg and Virginia Medical Imaging; Greg Cebula, Spotsylvania Supervisor; and Bill Hession, Chamber Board member.
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JULY 18: CNEW Lunch & Learn, 11:30- a.m., Fredericksburg Country Club, 11031 Tidewater Trl., Guest speaker Jennifer Griffin, President of Gwyneth's Gift Foundation.
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Fredericksburg Regional Chamber of Commerce | 540-373-9400 | Fax: 540-373-9570 |
Email |
Website
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