Local
Gay-owned firm joins D.C. small business bond program
Allows customers to buy $10 bonds to invest in small local companies
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, “will enable local businesses to build, expand, and innovate,” according to a statement released by the mayor’s office.
“Local businesses represent the dreams of D.C. residents and are the backbone of our city’s economy,” Bowser said in the statement. “This 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,” 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.’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.
“Instead of going to a bank, we go to small investors in the community,” 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 he’s pleased to have used the services of SMBX to facilitate the sale of his company’s bonds to refinance an existing loan.
“The 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,” Skall told the Blade.
He said several of those who bought DC Brau bonds are regular customers at the brewery’s tap room.
“And 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,” he said. “But this is a great way that they can invest in an easy format and even have more ownership of the businesses they love.”
The statement from the mayor’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.
“As 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,” the statement from the mayor’s office says. “They will also receive direct support from the SMBX marketing team to help them reach their goals,” 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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Congratulations to Jaime Christopher Pierce on their appointment to serve as a member of the Virginia Governor’s LGBTQ+ Advisory Board. Pierce was sworn in on Sept. 3 by Greg Parks, clerk of the Alexandria Circuit Court.
Pierce currently serves as vice chair of the Alexandria City LGBTQIA+ Task Force and as a member of the Alexandria Pride planning committee. They previously served on the board of directors of Equality Virginia.
Upon being sworn in, Pierce said, “Public service has been a central part of my life for more than 30 years, and this appointment gives me an opportunity to serve the Commonwealth in a different and very personal way. My career has allowed me to work with people and communities throughout Virginia, and I hope to bring that experience, along with my own lived experience and my involvement in the LGBTQ+ community, to the work of the Board.” They added, “Having Greg administer the oath makes the occasion even more meaningful because of his own historic role as Virginia’s first openly gay elected circuit court clerk.”
Pierce also serves as Circuit Court Services Manager for the Department of Judicial Services, at the Office of the Executive Secretary of the Supreme Court of Virginia. They began their career in Virginia’s judiciary in 1994 as a deputy clerk with the Virginia Beach Circuit Court and have since held several professional and leadership positions within the court system. Pierce is a member of the National Association for Court Management (NACM) and the Mid-Atlantic Association for Court Management. At the national level, Pierce participated in the workgroup that developed the National Association for Court Management’s Diversity, Equity, and Inclusion Guide, a resource designed to help court professionals advance inclusive practices and strengthen access, fairness and belonging within the justice system.
Pierce earned a degree in Criminal Justice from Liberty University, and a certificate in Paralegal Studies from Norfolk State University.
Maryland
Md. groups receive state grants to fight hate crimes
Pride Center of Maryland among recipients
Maryland Gov. Wes Moore and the Governor’s Office of Crime Prevention and Policy are awarding a total of $10 million in grants in the 2027 fiscal year to nonprofit organizations that work to prevent hate crimes in the state.
The funds will be used to support those who feel targeted or discriminated against because of their race, religion, sexual orientation, gender identity, or disability status.
The Pride Center of Maryland is among the recipients. Churches, synagogues, mosques, and LGBTQ organizations are all eligible to receive grants
“The safety and security of all Marylanders is my top priority, so we are drawing a hard line because we have no tolerance for hate,” said Moore, according to media reports. “We are committed to protecting and ensuring safe and sacred spaces stay that way by investing in non-profit organizations, houses of worship, and community centers to protect and honor every community that makes our state so diverse and special.”
“Protection Against Hate Crime funding has strengthened the Pride Center of Maryland’s ability to protect, educate, and support the communities we serve … at a time of heightened concern associated with the Trump administration’s anti-LGBTQ/SGL (same-gender-loving) policies and pressures,” Pride Center of Maryland CEO Cleo Manago said. “PAHC funding helps us do more than improve physical security — it strengthens our community’s knowledge, preparedness, connection to resources, and ability to respond to hate with greater awareness and support.”
Maryland’s hate crimes law includes both sexual orientation and gender identity. The state’s nondiscrimination statute is also LGBTQ-inclusive.
District of Columbia
Blade welcomes fall intern
Alexis McLean is student at University of North Florida
The Washington Blade this week welcomed Alexis McLean as its fall intern.
Alexis is studying political science at the University of North Florida in Jacksonville, Fla. She is interning with the Blade as part of a continued partnership with the Washington Center.
“I am looking forward to spending my time in the fall with the Washington Blade, as this is a new experience for me,” said Alexis. “I have not experienced any journalist jobs in the past so this would be my first time, and I am excited to better my writing and communications skills with this internship.”
Alexis’s internship with the Blade ends in early December.
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