Thursday, August 24, 2017

Richmond Launches New Investor Relations Website




Mayor Levar M. Stoney today announced Richmond has partnered with BondLink, a Boston-based financial technology company, and launched a new investor relations website to attract more investors and diversify the city’s investor base.

Now live, richmondvabonds.com will better communicate with current and potential bond investors who invest in the city’s public infrastructure projects. The website contains over 2,500 pages of data and documents and utilizes a corporate-style investor platform providing insight into the credit fundamentals behind Richmond’s AA+/Aa2/AA+ ratings.

“This is a tool to attract new investment in Richmond,” said Mayor Stoney. “At the same time, it furthers our commitment to being as transparent as possible.”

The website and new investor platform is available to citizens as well as bond investors. It now consolidates the city’s data and documents valuable to bond investors and rating agencies, providing quick and easy access to extensive financial information.

Tuesday, August 22, 2017

RVA Bike Share Ready to Roll


Mayor Levar M. Stoney will launch the RVA Bike Share program on Tuesday, August 29 at 9 a.m. at Kanawha Plaza and lead cyclists on a 2-mile ride from across the Manchester Bridge to the T. Tyler Potterfield Bridge, ending at Browns Island.

“Bike sharing programs are a community transportation service and desired amenity provided by forward thinking and environmentally conscious cities,” said Mayor Stoney. “I am proud Richmond is now among those leading in this regard.”

Richmond has teamed up with Canada-based Bewegen Technologies Inc., an industry bike share leader, to supply the bicycles and docking stations. The equipment will be maintained by Corps Logistics, a Baltimore-based firm owned and operated by military veterans.

The initial phase includes 220 8-speed bikes and 20 docking stations located throughout the city. A second phase is expected to be implemented in the coming months, doubling the fleet and including electric assist PedElec bikes, making it easier to ride uphill. These hi-tech bicycles will be equipped with a color screen, live GPS and can be unlocked through a mobile app.

RVA Bike Share is a public-private initiative, and Mayor Stoney has written a letter to encourage Richmond’s corporate and business leaders to engage in sponsorship opportunities necessary to ensure the long-term sustainability of the program. Click here to read the mayor’s letter.

Plans for RVA Bike Share have been in the works since 2012. The city was awarded a $1,064,000 federal Congestion Mitigation and Air Quality grant in 2014 to start the program, supplementing $280,000 in capital improvement funds made available by the city.

One-way trip and daily passes will be available as well as weekly, monthly and yearly memberships. For more information about RVA Bike Share, pricing, membership and sponsorship opportunities, please visit rvabikes.com.





Monday, August 21, 2017

RVA Education Compact Passes Unanimously


Mayor Levar M. Stoney is pleased to announce the unanimous passage of resolutions by both the Richmond Public School Board and City Council establishing the RVA Education Compact.

Passage of the Compact marks the first time the RPS Board, City Council and administration have entered into a formal agreement to work together to develop collaborative solutions addressing the needs of our school children both inside and outside of the classroom.

“We took a significant step today toward improving public education in the City of Richmond,” said Mayor Stoney.

“I’d like to thank all the members of City Council and School Board for their commitment to this collaborative process, as well as the public who participated and offered their feedback and comment on previous drafts over the last several months.

“I look forward to working with the council and board on shared strategies to drive down child poverty while lifting up academic performance in our schools.”

Mayor Stoney has directed his senior policy advisor for opportunity, Dr. Thad Williamson, to work with Interim Superintendent Thomas Kranz to develop and finalize an operating plan for the Compact, including a detailed schedule of meeting dates and timeline for action. That plan will be made available to the City Council and School Board at each body’s next schedule meetings.

It is anticipated the first joint quarterly meeting between the mayor, council and board will take place in September, with the first formal meeting of the Richmond Children’s Cabinet also taking place then.
The Education Compact stakeholder team is expected to be finalized by the end of September as well, with its first meeting due to take place in October.

The mayor’s office will continue working over the next month to establish a dedicated website for the Compact to host all documents, data and relevant information.

Copies of the mayor’s remarks to the joint meeting of the City Council and School Board can be found here. Copies of the resolutions approved can be found here.