May 2014
Massage Envy Spa gift cards. Available in any denomination at your local Massage Envy Spa.
COLONIAL HEIGHTS SOUTH PARK 1909 Southpark Blvd. Next to Ashley Furniture (804) 526-7777
39
$
99
Add Aroma Therapy for only $10.**
Introductory 1-hour massage session*
49
$
MassageEnvy.com
99
Introductory 1-hour Murad® Healthy Skin facial session*
Convenient Hours • Franchises Available Open 7 Days: M-F 8am-10pm, Sat 8am-6pm, Sun 10am-6pm
GIFT CARD
*See clinic for details. **Indicates additional charge to massage therapy session. Price shown based on member and first-time guest rates. Not all Message Envy Spa locations offer facial and other services, check with the specific location or see MassageEnvy.com. Each location is independently owned and operated. ©2013 Massage Envy Franchising, LLC.
Letter From the Chamber President Dear Chamber and Community Members: Hello! Let me begin my tenure as the new President of the Colonial Heights Pam Comstock Chamber of Commerce by expressing my appreciation for the opportunity to serve the members of our chamber as well as our community. I look forward to working with all our members to make sure we continue to be a relevant and productive asset to our members, our Colonial Heights community, and the larger Tri-Cities region. Our desire will be to communicate regularly with you to make sure we do everything possible to build upon the past success of our chamber. As we move ahead together, we will be constantly seeking the input of your new ideas on how to support what we are doing and how to improve every aspect of the services we provide our members. Participation and involvement of our members is a key to our strength and also benefits the participants in their efforts to promote their own business or civic interests. Let’s all work together to improve our chamber, our business community, and our city. The chamber will be hosting community events, sponsoring networking activities, providing business and community seminars, and working in collaboration with others in our region. These efforts are made to strengthen our chamber and community and opportunities for involvement and participation are there for all of you. Community members and our business members can all work together to help us make connections that are helpful to everyone. Please make sure you are on the chamber email list and check the chamber website regularly to keep informed about all we are doing. Thank you again, for the opportunity to serve. Please call the chamber office (804 526 5872) to make sure you are connected and to let us know if we can be of service to you in any way. Sincerely, Pam Comstock President, Colonial Heights Chamber of Commerce M2
Social Capital - A surprising reminder for entrepreneurs Dr. John Thomas of the UVA Cooper Cen ter presented a summary of how communities are using a new approach to address challenging socio-economic situations at the Crater Community Hospice breakfast meeting at Virginia State University on April 2, 2014. The breakfast commemorated the 20th year of service to Tom Bandy the Tri-Cities and greater Crater district. Brenda Mitchell, CEO stated “CCH has many supporters who trust our organization and without which we would not be celebrating this milestone. It was an honor to have Dr. Thomas speak at our event and we hope all attendees will strive to increase collaboration and implement his suggestions. We are looking forward to another 20 years as a result of these efforts!” Dr. Thomas sighted seemingly identical problems that were addressed in old and new ways by different communities. After extensive studies into communities that have faced economic downturns in the last few decades, patterns of success and failure are evident in how communities try to revitalize themselves. Failure results from when there is suspicion of the motives of others. Successful communities execute power and leadership via web of organizations – multiple small hubs of shared interest. The successful social-economic responses to a community in crisis occur when organizations with shared understanding and values come together. They form hubs of leadership with members who share a high level of trust. There are two basic models to use for leading a community in challenging times: Big and well-resourced companies with a big commitment or small grass roots efforts with intense effort. In the communities that are rebounding and thriving there is a clear network of passionate yet fluid leadership. Groups form and grow dynamically. This new network style only happens in an atmosphere of trust. Of course such trust is the result of shared understanding – it must be both given and earned. As part of his research, the Tri-Cities region has been analyzed. His assessment of significant factors include 1. There are numerous non-profit organizations 2. The CCAM organization is an internationally recognized model for success 3. The local and national economy is improving 4. The military training hub is a huge asset 5. Long term business owners are missing In summary, when asked how local business can best serve their communities, Dr. Thomas offered a simple list. Perhaps surprising to many commu-
Colonial Heights Chamber of Commerce
nity oriented entrepreneurs, he suggested the most important thing is focusing on the success of your own business. It makes sense of course. Businesses cannot give time, money or other resources unless they have something to give.
The three ways entrepreneurs help their communities 1. Make your business successful 2. Give or donate locally 3. Participate with a non-profit – volunteer or guide
The mission of Crater Community Hospice is to educate the community as well as provide quality care and service. Tom Bandy is CEO of BandyWorks. He works with leading organizations to effect change in their business and community. BandyWorks implements tracking and accountability through Big Data to help executives achieve sales and operational goals. You can read more at www.bandyworks.com.
THIS & THAT
30 Pickwick Ave • Colonial Heights (Pickwick Shopping Center) 804-504-0000 Hours: Mon - Sat 10am - 6pm Closed Sunday • Furniture • Shirley’s Tarts • Jewelry • Howards Products • Ruthie’s Corner Items A Unique Mixture of OLD & NEW Like us on
During the 65th Annual Dinner of the Chamber of Commerce Mary Vaughan was presented the Work to Business Award for 2014 by School Superintendent Dr. Joseph Cox
Outgoing President Judy Tyree recieves the gratitude of the Colonial Heights Chamber of Commerce from the new 2014 2015 President Pam Comstock
2014 - 2015 Officers of the Colonial Heights Chamber of Commerce 2014 – 2015 BOARD MEMBERS:
PRESIDENT
PAM COMSTOCK Gilbert C. Martin Co.
CATHERINE OAKLEY
1st VICE PRESIDENT
Reaching New Heights Magazine
RITA FEASENMYER EVB Mortgage
BRENDA MITCHELL
2nd VICE PRESIDENT
Crater Community Hospice
KATHI HALL
Sherwood Title Company
KATRINA MAYES
TREASURER
STEPHANIE STABLES Virginia Commonwealth Bank
JUDY TYREE
Crater District Area Agency on Aging EXECUTIVE DIRECTOR
SHERRI CROWDER
TAMMY FERGUSON
PAM COMSTOCK
All N 1 Services
Mayor
C. SCOTT DAVIS
BILL FEASENMYER,
RITA FEASENMYER
THOMAS MATTIS
NEIL KUCHINSKY
Crater District Area Agency on Aging
KATHI HALL
DR. JOSEPH COX
HONORARY MEMBERS
JANICE LOGUE
STEPHANIE STABLES
RANDY WHELAN B&H Lawn Services
JUDY TYREE
Hines Financial Services
JAMES KESTER
PAMELA A. WAITKUS
Colonial Plumbing and Heating
BILLY CONWELL
Container First Services
2014 – 2015 TODD WILSON, EX-OFFICIO MEMBERS Sheriff
Bank of McKenney
Gilbert C. Martin Co.
Swift Creek Woman’s Club
Taylor Long Properties JOSHUA ATCHLEY Navy Federal Credit Union
BOB HINES
PAST PRESIDENT
ROGER M. GREEN
Quintessential Chiropractic
MARK WAITKUS
Waitkus Counseling Group
BRIAN RADFORD
Southside Regional Medical Center
EVB Mortgage
City Manager
Sherwood Title Company
Superintendent of Schools, Colonial Heights
Virginia Commonwealth Bank
GEORGE SCHANZEBACHER Director of Planning
TED WILLIAMS
Colonial Heights Soccer Association/Colonial Heights Moose Lodge
ROGER M. GREEN Chamber of Commerce
Commissioner of the Revenue Legal Council
CHRIS KOLLMAN, III LAMESE K. ESSEY DR. JAMES McNEER
JEFF FARIES Chief of Police
A. G. MOORE
Chief, Fire and EMS
The Colonial Heights Chamber of Commerce Newsletter was created by the staff of The Progress-Index newspaper in partnership with the Colonial Heights Chamber of Commerce. This publication may not be reproduced in full or part without the express written consent of Times-Shamrock Communications and The Progress-Index. www.progress-index.com Phone: (804) 732-3456 • Fax: (804) 861-9452
If you’ve been putting off prearranging because of the expense, we have good news...
127 - 129 Pickwick Avenue, Colonial Heights, Virginia 23834 • 804-536-0011
Prearrangement doesn’t have to cost anything. What many people don’t know is that you need not prepay when you prearrange. We’re happy to record your wishes and hold them on file at no charge. Call our funeral home for details.
A Fine Art Gallery and Gift Shop
Featuring
Over 50 Fine Artists
• Original paintings • Photography • Prints • Jewelry • Pottery • Wood turnings
Classes Available
2033 Boulevard • Colonial Heights I 3935 S. Crater Road • Petersburg
(804) 526-3400 www.ealvinsmall.com
Every 3rd Saturday Art Opening 5pm-8pm
Call for more information
804-536-0011
sidestreetgallery27.com Visit Us Colonial Heights Chamber of Commerce M3 Colonial Heights Chamber of Commerce
Colonial Heights Chamber of Commerce Businesses of the Month
March 2014
Batteries Plus April 2014
May 2014
Don Anderson and Associates
Waitkus Counseling Group
Colonial Heights Chamber of Commerce Business of the Year
The James House M4
Colonial Heights Chamber of Commerce
BOM_LoanadSue_CHChamber_4.88x9.5_4C.indd 1
5/23/14 12:08 PM
Colonial Heights Chamber of Commerce Ribbon Cuttings
Hair Cuttery
MP Bounce With Me
NAPA Auto Parts Your Home...
The place you share with those you love most; your haven in a busy world. A place whose comfort we're here to protect.
Did You Know? Colonial Plumbing & Heating Also Does ... Air Conditioning Repair Ecofriendly Plumbing Fixtures Well Pumps Tankless Water Heaters Sewer Camera Inspection
Specializing in: • Conventional 97% NO MI* • JUMBO loans-95% LTV NO MI* • Purchases and Refinances • Investment Properties
• Second & Vacation Homes • First Time Homebuyers • VA, FHA, USDA and VHDA • FHA 203k Home Improvement
• New Construction and Additions • First Time Homebuyer Grant Program*
Sewer & Drain Cleaning Slab Leaks Gas Logs & Fireplaces 24 Hour Emergency Service
*Restrictions and availability may apply.
Rita C. Feasenmyer
Priority Service Plans
Senior Loan Officer, NMLS 207305 (804) 520-6166 direct (804) 337-0905 mobile • (804) 441-9454 fax ritafeas@evbmortgage.com • www.ritasevbmortgage4u.com Local Underwriting and Processing
Southern Trust Mortgage, LLC, dba EVB Mortgage, is proud to be an Equal Opportunity Lender - NMLS 2921.
www.ColonialPlumbing.com Colonial Heights Chamber of Commerce M5 Colonial Heights Chamber of Commerce
Update on Reverse Mortgages New Product – HECM Fixed Flex
A new (FHA) reverse mortgage product has been launched which features both a fixed rate AND line Rita C. Feasenmyer of credit that can be accessed after closing. This exciting new product has never before been available and caters to the vast number of seniors who feel more comfortable with the safety, security and certainty of a fixed rate loan program but also do not need all the cash up front. This program allows borrowers to access what they need at closing and access remaining funds via Line of Credit, Tenure (lifetime) payments, or Term Payments all with the comfort of a low competitive fixed rate.
Same as it ever was…
“Financial Assessment” has been a hot topic in reverse mortgage circles for some time but as of yet, HUD has not set any guidelines. The only borrowers we are currently income qualifying for HECM loans are those who are purchasing new homes and retaining their “exit” home. All others remain essentially no-doc loans with added bonus that we also have no minimum credit score. Remember… borrowers who have trouble qualifying for traditional “forward” loans may find the low rate HECM a valuable financial tool! Until they change it…
No Income Qualification No Asset Reserve Requirements No Minimum Credit Score
What is H4P?
H4P is a HECM (Reverse Mortgage) that is used for the purchase of a home. FHA began allowing use of the program to purchase a home in January of 2009. The amount you need to purchase the house is based on the age of the youngest borrower and the total price of the home. For example, a 65yr old purchasing a $300,000 home would need a total of $149,187 +/- (about 50%) in TOTAL cash and we would finance the rest. Once they make the initial cash investment they are not required to make any additional mortgage payments. They only need to pay property taxes, homeowners insurance and association fees (if any). That’s it!
Aging in place – Washington Post
(http://wapo.st/1g696Q1) Studies show the majority of older Americans want to live independently. The HECM is a fantastic tool to help folks pay for aging-in-place improvements. Not all are as expensive or fancy as those mentioned in the article but can be very meaningful in improving quality of life and maintaining independence. Rita C. Feasenmyer Sr. Loan Officer NMLS#207305 EVB Mortgage Direct 804-504-7971
Shop the Heights
Buy Local - In Colonial Heights For every $100 spent in Colonial Heights, around $2 comes back to our city and our schools to assist with programs and services for all our citizens and our students. If you can buy it here, why not? When you buy local, you will be helping fund our city, you will be helping support the businesses of our neighbors, and you will save the money and time needed to drive way out there – somewhere. Anything you need, you can find right here in Colonial Heights, VA –
so Shop the Heights.
M6
Colonial Heights Chamber of Commerce
Welcome New Members The Colonial Heights Chamber of Commerce Welcomes those recently joining our Chamber. Remember – it is Good Business to Do Business wih Chamber Members! Community Chest
Loggy Bottom BBQ
Sports Clips
Southside Health Education Foundation
3301 Boulevard Colonial Heights, VA 23834 804 479 3514 nurselawal@yahoo.com 1907 Southpark Blvd. Colonial Heights, VA 23834 804 479 3014 vamelton@hotmail.com www.sportsclips.com
Tidewater Physical Therapy
300B Temple Avenue, Suite 1 Colonial Heights, VA 23834 804 524 9036 FAX: 804 524 9039 www.tpti.com
Dixon Hughes Goodman LLP 3700 Festival Park Plaza Chester, VA 23831 804 425 2600 FAX: 804 425 2601 www.dhgllp.com
Olde Towne Wellness, LLC
515 South Sycamore Street Petersburg, VA 23803 804 733 8377 oldetownewellness@gmail.com www.petersburgchiropractic.com
Vincenzo’s Italian Restaurant 609 Boulevard Colonial Heights, VA 23834 804 526 7440 Vincenzos93@verizon.net www.vincenzosva.com
City & Guilds
1726 Altamont Avenue Richmond, VA 23230 804 249 4644 Tom@cityandguildsbuilders.com www.cityandguildsbuilders.com
Interim Healthcare
320 B Charles H. Dimmock Pkwy Suite 2 Colonial Heights, VA 23834 804 384 9305 FAX: 804 384 9306 dtomlinson@interimhealtcare.com www.interimhealthcare.com
2231 Boulevard Colonial Heights, VA 23834 804 526 1736 jobybaker@hotmail.com
P.O. Box 867 Colonial Heights, VA 23834 804 733 1414 dwilliamson@shefva.org www.shefva.org
Arena Racing USA
4501 Highwoods Parkway, Suite 420 Glen Allen, VA 23060 804 835 5211 contactus@arenaracinguse.com www.arenaracingusa.com
The UPS Store
1050 Temple Avenue Colonial Heights, VA 23834 804 524 2424 FAX: 804 524 0009 Print6060@theupsstore.com
KickStars Martial Arts
8 Dunlop Shopping Center Colonial Heights, VA 23834 804 895 3803 Carter5763@gmail.com Facebook - Kickstars
Tyler Realty Group
6108 Boydton Plank Road Petersburg, VA 23803 804 526 3030 FAX: 804 526 3034 LesTyler4@aol.com www.tylerrealtygroup.com
Hair Cuttery
56 Southgate Square Colonial Heights, VA 23834 804 479 3682 cwilson@ratnercom.com www.haircuttery.com
A
Asset Allocation: A Step to Balancing Your Portfolio Colonial Heights Chamber of Commerce 2014 Calendar Prepared by MetLife Delivered courtesy of Michael J. Colb, MetLife Financial Group of the Mid-Atlantic
As the global markets continue to fluctuate, many investors Michael J. Colb and their portfolios are feeling the effects. Therefore, a sudden dip or rise in a portfolio may be the perfect time to take a look at whether or not one’s investments are truly diversified and assets are properly allocated among the different asset classes (e.g., equities, fixed income, and money market/cash equivalents). Asset allocation and diversification are techniques used to manage risk and attempt to balance the risks versus rewards of an investment portfolio. However, neither asset allocation nor diversification can prevent investment loss or assure a profit. For many investors, investing typically begins with the purchase of a stock, a bond, or a mutual fund . Over time, other investments may be added because many people understand it may not be prudent to invest in a single investment. However, simply “spreading money around” in various investment vehicles doesn’t necessarily create a properly diversified portfolio. A sound portfolio management strategy begins with diversification – that is, dividing investments among major asset classes. Since each type of asset class has unique characteristics, they will rarely rise or fall at the same time, creating somewhat of a buffer in your investment portfolio. An investor can then make finer distinctions within each asset class by combining different assets to help soften the risks and losses within the portfolio, although in no way do they eliminate them all together. The main objective of diversification is to match the characteristics of the various investments and their asset classes to percentages allocated within your investment portfolio so that the allocated percentages match the most important aspects of your personal investment profile. For example, your tolerance for risk of loss or ability to handle the ups and downs of a volatile market and what you ultimately seek to achieve through investing should all inform how you allocate your investment dollars to different asset classes. Investing according to your risk tolerance helps to keep you from making rash decisions when it comes to your investment portfolio. One way to measure your risk comfort zone is to ask yourself how much of a loss in a
one-year period you could withstand and still stay the course. Finding an appropriate match of your tolerance for risk against the different volatility levels of returns is the ultimate goal of asset allocation. For example, if the thought of potentially losing 10% of your portfolio’s value over the next year for the potential of gain 20% within the next five years makes you very uncomfortable, you may want to consider a more conservatively allocated portfolio. The potential for higher returns usually involves taking a greater degree of risk. Lastly, understanding how long you want to invest in order to meet your goals is important. In fact, it may be the thing that makes you choose one investment vehicle over another. Your personal time horizon extends from when you implement an investment strategy until you need to begin withdrawing money from an investment or investment portfolio. You may wonder at this point, how much should be invested in each asset class. The short answer is that asset allocation is more a personal process than a strategy based on a set formula. There are guidelines to help establish the general framework of a well-diversified and properly allocated portfolio but no two portfolios are alike. Please keep in mind, a properly allocated and diversified portfolio will not guarantee against a loss and there is no guarantee that an allocated or diversified portfolio will out perform Do take into consideration all your assets, e.g., your retirement savings and other investments, when you put together an asset allocation strategy or seek professional guidance. That way you can ensure that all your assets are working together to help meet your goals and objectives throughout all stages of your life. The foregoing discussion is general in nature and not intended as specific advice. Neither [MetLife/New England Financial] nor its representatives are engaged in rendering tax, accounting or legal advice. A qualified professional should be consulted regarding the effect of such considerations on the matters covered in this publication. For information on MetLife insurance or other financial products and services, please contact Michael J. Colb, Registered Representative and Senior Sales Representative with MetLife, 110-C Norfolk Ave Colonial Heights VA, 23834, at 804-526-6384 or mcolb@ metlife.com.www.colonialheights.metlife.com
UPDATES AVAILABLE AT www.colonialheightschamber.com
GET ON OUR EMAIL LIST TO MAKE SURE YOU KNOW WHAT IS HAPPENING IN OUR CHAMBER. EMAIL Roger.Green@colonialheightschamber.com
JUNE 17 Colonial Heights Chamber Membership and
Board Meeting 11:30 a.m. Location TBD 18 Businessand Community Seminar Colonial Heights Public Library 4:00 – 5:30
OCTOBER 15 Businessand Community Seminar
Colonial Heights Public Library 4:00 – 5:30 21 Colonial Heights Chamber Membership and Board Meeting 11:30 a.m. Location TBD
JULY
NO BOARD MEETING IN JULY 16 Newsletter Articles Due Business and Community Seminar Colonial Heights Public Library 4:00 – 5:30
AUGUST 19 Colonial Heights Chamber Membership and
Board Meeting 11:30 a.m. Location TBD 20 Businessand Community Seminar Colonial Heights Public Library 4:00 – 5:30
SEPTEMBER 16 Colonial Heights Chamber Membership and
Board Meeting 11:30 a.m. Location TBD
17 Businessand Community Seminar Colonial Heights Public Library 4:00 – 5:30
NOVEMBER 18 ColonialHeights Chamber Membership and
Board Meeting 11:30 a.m. Location TBD 19 Businessand Community Seminar Colonial Heights Public Library 4:00 – 5:30 27 TurkeyTrot – Colonial Heights 3rdAnnual Thanksgiving Day 5K Run/Walk 9:00 a.m.
DECEMBER 18 Colonial Heights Chamber Christmas Open
House – 1:00 – 4:00 p.m.
Colonial Heights Auto Center
Coming Soon!
910 Boulevard Colonial Heights
804-451-0290
Metropolitan Life Insurance Company (MLIC), New York, NY 10166. Securities and investment advisory services offered through MetLife Securities, Inc. (MSI) (member FINRA/ SIPC) a Registered Investment Advisor. MLIC and MSI are MetLife companies.
Colonial Heights Chamber of Commerce M7 Colonial Heights Chamber of Commerce
SAFER. STRONGER. SOONER.
Know the Difference in Rehabilitation Care Us Acute Rehabilitation Hospital
Nursing Home
Joint Commission Accreditation
Yes
Not typical
Medicare Benefits
Hospital benefits
Skilled Nursing Facility (SNF) benefits
On site
Not typical
5 – 7 times per week
Monthly
Registered Nurses 24/7
Registered Nurses 8 hours per day
3-Day Prior Hospital Stay Required
Not required
Required
Direct Admit from Home
Yes
Not typical
PT, OT, ST 3 hours/day 5 days per week/ 15 hours per week minimum
No minimum required
Comprehensive Medical Staff
Yes
Not typical
Rehab-Certified RNs/ Therapist
Yes
No
On site
Not typical
14 days
20+ days
Pharmacy/Pharmacists Physician* Visit Requirements Nursing
Therapy Intensity
Dialysis Services Average Length of Stay
* HealthSouth provides access to independent private practice physicians, specializing in physical medicine and rehabilitation.
A Higher Level of Care®
95 Medical Park Blvd. • Petersburg, VA 23805 • healthsouthpetersburg.com
HealthSouth Rehabilitation Hospital of Petersburg offers a higher level of care, helping patients get home sooner with improved independence.
804 504-8100 ©2014:HealthSouth Corporation:1023497C-02
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Colonial Heights Chamber of Commerce