July 2016 Around Hampton Roads


Suffolk's bond ratings affirmed by Fitch and Moody's


Fitch Ratings and Moody’s Investor’s Service have both affirmed their bond ratings for the City of Suffolk. Fitch Ratings affirmed the City’s AAA Rating for $198.39 million in outstanding General Obligation (GO) Bonds and the Long-Term Issuer Default Rating (IDR). Fitch also assigned a AAA rating to the City’s approximately $79.42 million series 2016 GO and refunding bonds. Moody's Investors Service has assigned a Aa1 rating to the City of Suffolk, VA's $79.4 million General


Obligation and Refunding Bonds, Series 2016. Moody's maintains the Aa1 rating on the city's $467 million of outstanding general obligation (GO) debt, which includes tax-supported and self-supported utility debt.


Fitch highlighted the city's expanding economy and growth prospects, low long-term liability burden, strong financial management, healthy reserves, and broad budgetary tools. The City's combination of general fund balance and superior budget flexibility position it to comfortably manage through economic downturns without diminishing its overall financial flexibility. Additionally, the combined burden of debt and unfunded pension liabilities is low in relation to personal income and should remain relatively stable over time based on future capital and issuance plans and the strong funded position of the city component of the Virginia Retirement System (VRS). The City's combination of general fund balance and superior budget flexibility position it to comfortably manage through economic downturns without diminishing its overall financial flexibility. Fitch had previously upgraded the City’s rating from AA+ to AAA to 2015.


www.hamptonroadsmessenger.com


The Hampton Roads Messenger 13


757 Angels hosts co- founder of Mapquest


On June 29th, 757 Angels arranged an


Entrepreneurial Forum led by a nationally recognized entrepreneur hosted at the Virginia Beach office of Williams Mullen. Chris Heivly, a Raleigh-Durham resident, is one of the nation’s leading experts in how to turn startups into multimillion-dollar companies and has been dubbed the “Startup Whisperer.” Chris addressed a 30-person audience including incubator representatives, entrepreneurs and community leaders sharing his insights on growing a business and a startup community.


Attendees


came from all over the Hampton Roads region and ranged in age from 15 to 60.


757 Angels recognizes the importance of


strengthening and connecting the regional entrepreneurial ecosystem. The group is working with community and business leaders to bring special events that will allow promising entrepreneurs to collaborate and strengthen their businesses. Executive Director Monique Adams commented,” We are incredibly impressed with the amount of entrepreneurial activity in the region and were honored to connect the startup community with a nationally respected entrepreneur and community leader who has worked at the highest levels for some of the world’s most recognized brands, including MapQuest, , Rand McNally, and Accenture and has also personally directed over $75 million in investment capital on behalf of these and other companies. “


In addition to seeking opportunities to assist entrepreneurs in growing their businesses, 757 Angels is an active and engaged capital source. 757 Angels’ members have injected over $5 Million dollars into startup and early stage companies. 757 Angels primarily invests in “seed stage” investment that is critical to accelerating a startup ecosystem.


Upcoming Events


Hampton Branch NAACP Event Dates:


1st Monday of each month 7:00 PM excluding holidays Event Location: Bethel AME Church 94 Lincoln Street Hampton, VA 23663 Contact Info: 757-827-1768


Take Off Pounds Sensibly (TOPS) Weight Management Support Event Dates:


Mondays 5:30 PM (except holidays) Event location:


Norview Community Center 6380 Sewells Point Road, Norfolk, VA


Contact Info: 289-7088


Living Healthy & Smoke-Free Event Dates:


June 7, 2016 - July 26, 2016 2:30 pm - 3:30 pm Event Location: Hoffler Apartments


2210 E. Washington St. - Suffolk Contact info: 757-539-8742


Computer & Resume Tutoring (Adults & Teens) Event Dates:


Tues. 11 AM-2 PM & Thurs. 2PM- 4PM


Event Location:


Barron F. Black Branch Library 6700 East Tanners Creek Drive Norfolk, VA 23513 Contact info: (757) 441-5806


Chesapeake Branch NAACP Monthly Meeting Event Dates:


First Tuesday of the Month 7pm-8pm Event location:


Providence United Church of Christ 2200 Vicker Avenue Chesapeake, VA Contact info: (757)485-8916


Youth and Community Action Team (YCAT)


Event Date:


First Thursday of each month 3 pm - 4:30 pm (September - June) Event location:


Meyera Oberndorf Central Library 4100 Virginia Beach Boulevard Virginia Beach, Virginia


Contact info: 757-385-0803 Coupon Swap Event Dates:


Thursdays 10 AM - 7 PM Event location:


Little Creek Branch Library


7853 Tarpon Place | Norfolk 23518 Contact info: (757) 441-1751


Job Readiness Classes Event Dates:


Every Thursday 9:30 a.m. - 1:00 p.m. Event location:


Norfolk Workforce Development 201 East Little Creek Road, Norfolk Contact info: (757) 664-6000


Learning on Laptops: Homework Help (ages 12-18) Event Dates:


First Thursday of each month 6-8 p.m. excluding holidays Event location: Grissom Library 366 Deshazor Drive Newport News, VA 23608 Contact info: 757-369-3190


FEC Orientation & Financial Fitness Workshop Event Dates:


04/07/2016 - 07/07/2016 9:00 am - 2:30 pm Event location:


Huntersville Community Center 830 Goff Street Norfolk, VA Contact Info: (757) 664-7434


National Council of Negro Women Norfolk Section Meeting Event Dates:


2nd Saturday of the month 11am - 12:30pm Event location: StanHope House


2715 Stanhope Avenue, Norfolk, VA Contact info:


J. House (757) 409-3342 ncnwnorva@gmail.com


Think Tank Event Dates: Mon-Thursday 2:30 - 4 p.m. Event location:


Slover Library - 5th Floor 235 E. Plume Street, Norfolk, VA Contact info:


757-727-1610


Norfolk Branch NAACP Meeting Event Dates:


2nd Monday of the month 7pm-8pm Event location:


Huntersville Community Center 830 Goff Street, Norfolk, VA Contact info: 757 627-1096


Virginia Beach NAACP Meeting Event Dates:


Second Monday of the month 7:00pm Event location:


868 North Newtown Rd Suite 101 Virginia Beach, VA Contact info: 757-490-7799


Basic Computer Classes for Adult Event Dates:


Every Thursday through April 14 1 PM until 3 PM


New First Baptist Church Taylorsville Computer Lab Event location:


2720 Turnpike Road Portsmouth, VA


Newport News Branch NAACP Event Dates: Monthly Meeting


2nd Thursday of the month 7:00 pm Event Location:


Newport News Community Center 605 South Ave, Newport News, VA Contact info:


757-532-9486 | 757-532-4701 (text) You are cordially invited to attend...


Visit www.hamptonroadsmessenger.com for more free events!


Planning an event in Hampton Roads?


Submit your upcoming Free events to our


website and you may see them here!


City Council meetings... Norfolk - regular meetings are held on the first and fourth Tuesday at 7:00 p.m. and the second and third Tuesday at 2:30 p.m.


Chesapeake - regular meetings are held on the second, third and fourth Tuesday of each month at 6:30 p.m.


Newport News - regular business meetings are held on the second and fourth Tuesdays of each month at 7:00 p.m.


Suffolk - regular meetings are held on the first and third Wednesday of each month at 7:00 p.m. Hampton - typically take place on the second and fourth Wednesday of every month at 7:30 p.m.


Virginia Beach - meets on the first four Tuesdays of each month. In July the meetings are scheduled on the first two Tuesdays only. Formal session begins at 6 p.m. Portsmouth - meeting dates are the second and fourth Tuesday of each month at 7:00 p.m.


Job Readiness Class Event Dates:


Every Thursday 9:30 am - 1:00 pm Event location:


Norfolk Workforce Development 201 East Little Creek Road, Norfolk Contact info: (757) 664-6000


Pre-Men’s Day Breakfast Event Dates:


Saturday, July 9 2016, 8-11 am Event location:


Metropolitan Baptist Church 125 County Street, Suffolk, VA Contact info: (757) 539-2696


VUL Alumni Association Meeting Event Dates:


Saturday, July 9, 2016 10 AM-Noon Event location:


Pleasant Union Baptist Church 215 Webb Street Suffolk, VA 23434 (757) 539-0367


Annual Men’s Day Celebration Event Dates:


Sunday, July 10, 2016 10:30 a.m. - 12:30 p.m. Event location:


Metropolitan Baptist Church 125 County Street, Suffolk, VA Contact info: (757) 539-2696


Annual Women’s Day Service Event Date:


July 17, 2016, 11 am - 1 pm Event location:


Greater 1st Baptist Church-Orlando 600 Factory Street, Suffolk, VA Contact info: (757) 539-0032


Startup Night Event Date:


July 21, 2016. 6:00 pm - 9:00 pm Event location: Hatch


111 Granby St, Norfolk, Virginia Contact info: (757) 295-8635


Suffolk Job & Career Fair Event Dates:


Friday, July 22, 2016 10 am - 2 pm Event location:


King’s Fork Middle School Rec. Center 350 Kings Fork Rd. Suffolk, VA 23434 Contact info: (757) 514-7244


Small Business Resource Day Event Dates:


Wednesday, July 13, 2016 9 am - 3 pm Event Location:


Ted Constant Center


4320 Hampton Blvd Norfolk, VA Contact info: 757-683-5505


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