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Gay-owned firm joins D.C. small business bond program

Allows customers to buy $10 bonds to invest in small local companies

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ā€˜Instead of going to a bank, we go to small investors in the community,ā€™ said Manny Cosme, president and CEO of CFO Services Group. (Photo courtesy of Cosme)

CFO Services Group, a gay-owned D.C. financial services consulting company, is one of six D.C. small businesses to participate in a program launched in September by Mayor Muriel Bowser that allows small businesses to raise money by offering bonds at a price of $10 each to local community investors.

The D.C. Rebuild Bond Program, which is operating in partnership with the investment marketplace company SMBX, ā€œwill enable local businesses to build, expand, and innovate,ā€ according to a statement released by the mayorā€™s office.

ā€œLocal businesses represent the dreams of D.C. residents and are the backbone of our cityā€™s economy,ā€ Bowser said in the statement. ā€œThis tool is one more way we can work together to create jobs and opportunities in all eight wards, support our favorite small and local businesses, and uplift entrepreneurs who are invested in our people, culture, and neighborhoods,ā€ the mayor said.

The program, which will operate under the auspices of the Office of the D.C. Deputy Mayor for Business and Economic Development, is also aimed at helping small businesses struggling from the impact of the COVID pandemic, city officials said.

Manny Cosme, president and CEO of the downtown D.C.-based CFO Services Group, also serves as treasurer for D.C.ā€™s Equality Chamber of Commerce, an LGBTQ business advocacy group. Cosme said he and his company are pleased to be among the first six local D.C. businesses to participate in the Rebuild Bond Program to raise capital for his company.

ā€œInstead of going to a bank, we go to small investors in the community,ā€ said Cosme, who noted that some of the investors in the companies participating in the program are loyal customers.

Annie Eser, an SMBX official who serves as the D.C. Rebuild Bond Program Director, told the Washington Blade that SMBX sets up the bond offerings for the businesses participating in the program. She said the company also helps recruit community investors and arranges for them to buy the bonds and receive a monthly interest payment from the business on their bond investment that could be between 4 percent and 7 percent depending on the details of the bond offering.

Brandon Skall, CEO and co-founder of DC Brau Brewing, a popular brewery in Northeast D.C. near the Maryland line, said heā€™s pleased to have used the services of SMBX to facilitate the sale of his companyā€™s bonds to refinance an existing loan.

ā€œThe idea of taking this interest that we would be paying to a bank or to an institution and paying it back to people who actually support our business and other small local businesses was really, really exciting for us,ā€ Skall told the Blade.

He said several of those who bought DC Brau bonds are regular customers at the breweryā€™s tap room.
ā€œAnd through the pandemic, we were really kept in business by people who went out of their way to support us and other businesses they cared about,ā€ he said. ā€œBut this is a great way that they can invest in an easy format and even have more ownership of the businesses they love.ā€

The statement from the mayorā€™s office announcing the D.C. Rebuild Bond Program says it will focus on historically disadvantaged businesses in Wards 5, 7, and 8, but would be open to businesses throughout the city.

ā€œAs part of the program, D.C. businesses listed on the SMBX marketplace will benefit from no private lending fees, zero origination fees, and no personal guarantees to secure their loans,ā€ the statement from the mayorā€™s office says. ā€œThey will also receive direct support from the SMBX marketing team to help them reach their goals,ā€ the statement says.

In addition to CFO Services Group, which is located at 1101 Pennsylvania Ave., N.W., and DC Brau Brewing at 3178 Bladensburg Rd., N.E., the other local businesses participating in the D.C. bond program as of this week include El Tamarindo restaurant at 1785 Florida Ave., N.W.; Sticky Fingers Sweets & Eats at 1730 Park Rd., N.W.; Maketto restaurant and retail store at 1351 H St., N.E.; and Chaia Tacos at 615 I St., N.W.

More information about the program for potential investors and small businesses can be obtained through thesmbx.com.

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Virginia

Man went on ā€˜homophobic rantā€™ inside Va. pub that displayed Pride flags

Suspect arrested on charges of public intoxication, assaulting police officer

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Justin Wayne Hendricks was arrested in the case. (Photo courtesy of the Fairfax County Adult Detention Center)

The Hawk & Griffin British Pub located in Vienna, Va.,  posted a message on Facebook last week saying a man was arrested after going on a ā€œhomophobic rantā€ inside the pub on June 28 when he saw that LGBTQ Pride flags were displayed at the pub for Pride month.

ā€œLast night we had an incident here at the pub when a man came off the street to accost patrons in our beer garden because of our flags displayed for pride month,ā€ the Hawk & Griffin Facebook posting says. ā€œHe then spit on our windows and came inside to confront our staff and patrons with homophobic rants,ā€ the posting continues.

ā€œOur manager and staff handled the situation very professionally and police were called to investigate and later arrested a man a couple of blocks away,ā€ the message says. ā€œWe want to thank the Vienna Police Department for their quick response. We are and will continue to be community focused and we will never stop working to create and maintain a place of inclusion and tolerance,ā€ the statement concludes.

Vienna police charged Justin Wayne Hendricks, of no known address, with misdemeanor counts of being ā€œdrunk in publicā€ and  providing false identification to a police officer and with a felony count of assault on a police officer. A police spokesperson said Hendricks was also found to be in violation of an outstanding arrest warrant from Alexandria, Va., related to a prior charge of failing to register as a sex offender.

The spokesperson, Juan Vazquez, said Hendricks is currently being held without bond at the Fairfax County Adult Detention Center. Online records for the Fairfax County General District Court show that Hendricks is scheduled to appear at a preliminary hearing on Oct. 9.

ā€œOn Friday, June 28, around 9:28 p.m. the Vienna Police Department responded to reports of an intoxicated individual threatening customers of the Hawk & Griffin,ā€ a Vienna police statement says. ā€œUpon the arrival of the officers the individual had already left the premises but was promptly located at an address nearby,ā€ according to the statement.

The statement adds that Hendricks was subsequently charged with being drunk in public, providing false information about his identity to police, and assault on a police officer along with being served with the outstanding warrant related to the prior charge in Alexandria of failing to register as a sex offender.

Details of the prior sex offender charge couldnā€™t immediately be obtained from online court records. However, the online records show that Hendricks has at least a dozen or more prior arrests between 2014 and 2023 on charges including public intoxication, trespassing, and failing to register as a sex offender.

Police spokesperson Vazquez said it would be up to prosecutors with the office of the Fairfax County Commonwealthā€™s Attorney to determine if a subsequent hate crime related charge would be filed in the case.

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Virginia

Parades, community events held to mark Pride Month in Va.

Upwards of 30,000 people attended PrideFest in Norfolk on June 22

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Shi-Queeta-Lee at Arlington Pride in Arlington, Va., on June 29, 2024. (Washington Blade photo by Michael Key)

Activists across Virginia last month held a series of events to mark Pride Month.

Hampton Roads Pride, a volunteer-run organization founded in 1997, held 37 different Pride events throughout the region in June. 

Their biggest event, PrideFest, which is part of their larger three day event, Pride Weekend, celebrated its 36th anniversary on June 22. Pride Weekend took place from June 21-23 and began with a block party at NorVa in Norfolk. 

PrideFest took place at Town Point Park, and an estimated 30,000 people attended. More than 70 venders participated, while Todrick Hall and Mariah Counts are among those who performed.

Another PrideFest event with a DJ in the afternoon and live music at night took place in Virginia Beach on June 23. Congressman Bobby Scott and U.S. Sen. Tim Kaine (D-Va.) are among those who attended Pride events in Suffolk on June 30.

Norfolk Mayor Kenneth Alexander, along with members of the Norfolk and Virginia Beach City Councils, also attended the Pride events in their respective cities. Jamar Walker, the first openly gay federal judge in Virginia, also took part.

ā€œYou know people all throughout Pride Month, at all of our various events, tell me all kinds of stories about their own experiences and the past of this community … and some of our older folks especially, remember when we couldn’t have this,ā€ Hampton Roads Pride President Jeff Ryder told the Washington Blade on Monday during a telephone interview.

ā€œIt was a great year,ā€ he added. “It was a big achievement for us to have unique celebrations in each of our seven communities. Each of these cities is so different from one another, but to be able to create a Pride celebration that’s unique in each of those places was really great, and I think really well received by folks who may not have felt represented previously. We’re always trying to do better, to embrace every aspect of our community, and take a big step forward there this year.ā€

State Dels. Adele McClure (D-Arlington County) and Alfonso Lopez (D-Arlington County) are among those who spoke at Arlington Pride that took place at Long Bridge Park on June 29. The Fredericksburg Pride march and festival took place the same day at Riverfront Park in Fredericksburg.

Republican Virginia Gov. Glenn Youngkin on June 10 hosted a Pride Month reception in Richmond. 

Youngkin in previous years has hosted Pride Month receptions, even though Equality Virginia and other advocacy groups have criticized him for supporting anti-LGBTQ bills.

The Republican governor in March signed a bill that codified marriage equality in Virginia. Youngkin last month vetoed a measure that would have expanded the definition of bullying in the state. 

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Baltimore

Baltimore street named in honor of trans activist

Iya Dammons is founder of support groups Safe Haven in Baltimore, D.C.

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Iya Dammons was honored last week in Baltimore. (Photo courtesy Iya Dammons)

Baltimore city officials and LGBTQ activists participated in a ceremony on June 29 officially dedicating the renaming of a street in honor of transgender woman Iya Dammons, who founded and serves as executive director of the LGBTQ services organization Maryland Safe Haven.

A section of Baltimoreā€™s 21st Street at the intersection of North Charles Street, where the Maryland Safe Haven offices are located, has been renamed Iya Dammons Way.

The ceremony took place six years after Dammons founded Maryland Safe Haven in 2018 and one year after she launched a Safe Haven operation in D.C.in 2023 located at 331 H St., N.E.

A statement on its website says Safe Haven provides a wide range of supportive services for LGBTQ people in need, with a special outreach to Black trans women ā€œnavigating survival modeā€ living.

ā€œThrough compassionate harm reduction and upward mobility services, advocacy support, and community engagement, we foster a respectful, non-judgmental environment that empowers individual agency,ā€ the statement says. ā€œOur programs encompass community outreach, a drop-in center providing HIV testing, harm reduction, PrEP, medical linkage, case management, and assistance in accessing housing services,ā€ it says.

Among those participating in the street renaming ceremony were Baltimore City Council member Zeke Cohen, interim director of Baltimore Mayor Brandon Scottā€™s Office of LGBTQ Affairs Alexis Blackmon, and Dominique Morgan, an official with the national foundation Borealis Philanthropy, which provides financial support for transgender supportive nonprofit organizations, including Safe Haven.

ā€œThis is a significant achievement and historic moment for our city,ā€ a statement by Maryland Safe Haven announcing the ceremony says. ā€œIya Dammons has been a tireless advocate for transgender rights and has worked tirelessly to provide safe spaces and resources for transgender individuals in our city,ā€ it says. ā€œThis honor is well-deserved, and we are thrilled to see her contributions recognized in such a meaningful way.ā€

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