Hampton Roads Association for Financial Professionals

Economic Luncheon Meeting – Tuesday, February 14, 2011

www.hrafp.org

HRAFP now features online, electronic registration for all events.  Please use this link to RSVP:

 http://hamptonroadsafp1.eventbrite.com

10:30 am                    Registration (business casual dress optional)

                                    Fee – No charge for Members

                                    $50 for Non-Members/Guests

11:00-11:50am         Keynote address:

                        Congressman Scott Rigell,

                        U.S. Representative 2^ndDistrict Virginia                    

11:50am                     Lunch Served

12:10-1:00 pm           Topic:“U.S. Economy"

                        Speaker: Michael Brown, Economist, Wells Fargo Bank

1:10-2:00pm              Topic: “Virginia’s Economy and Business Development"     

                                   Speaker: Robert McClintock, Research Director,           

                                   Virginia  Economic Development Partnership

2:00 pm                      Questions/Announcements/Adjourn

We highly encourage you to invite anyone in your organization who may benefit from this presentation

All members and guests should respond no later than February 8^th, 2012 using this new link.  If you have questions regarding the registration process, please contact Terry Perkins at tperkins836@verizon.net.

REMINDER:Approved for 3 CTP/CCM recertification credits by the Association for Financial Professionals.   Members/guests are reminded to please sign up at the registration table to receive your electronic certificate.

REMINDER: UPCOMING MEETING DATES:

April 21, 2011 – Annual Education Conference

June 12, 2011 – Breakfast Meeting

HRAFP Economic Luncheon Meeting

February 14, 2011

Program Description

SPEAKER: Congressman Scott Rigell

Mr. Rigell will provide an update on Congress and in particular legislation impacting Virginia's business community.

SPEAKER:   Michael Brown, Economist – Wells Fargo

TOPIC:          U.S. Economy

Michael will discuss the U.S. Economy with emphasis on Virginia and Hampton Roads.

SPEAKER: Robert W. McClintock, Jr., Research Director – Virginia Economic Development Partnership (VEDP)

TOPIC: Virginia’s Economy and Business Development

Rob will focus on business activity in Virginia, how the Virginia economy overall is looking with attention on Hampton Roads Region, and state economic development activities.

Speaker Biographical Information

Representative Scott Rigell (VA-02)

Biography:

Scott Rigell (“ridge-ull”) was elected to the United States House of Representatives from Virginia’s Second Congressional District in November 2010.

Since he took office in January 2011, Rep. Rigell has made strengthening our military, creating jobs, reversing our nation’s fiscal course and reforming Congress for a better America his most urgent priorities.

Representing the nation’s largest military district, Rep. Rigell is working to preserve our region’s unique military assets while supporting our men and women in uniform. As a member of the House Armed Services Committee, Rep. Rigell is engaged in maintaining our carrier presence in Norfolk and working with state and local officials on important local issues such as Fort Monroe and Oceana.

As a congressional reformer serious about reigning in federal spending, Representative Rigell is leading by example. The Congressman does not accept federal health care benefits or a federal pension and returns a portion of his salary back to the U.S. Treasury.  Additionally, he has introduced as his first piece of legislation the Lead by Example Act, which provides that Members of Congress would only receive a taxpayer-funded match to their 401k plans in a year when Congress passes a budget which decreases the deficit.

In addition to serving on the House Armed Services Committee, Representative  Rigell also sits on the Committee on Homeland Security and the Committee on Science, Space and Technology.

Prior to his election to Congress, Representative Rigell was a successful small business owner and community leader in Virginia Beach, Virginia. The founder and Chairman of Freedom Automotive, the Congressman and his wife Teri own several automobile dealerships in Hampton Roads. He was recently inducted into the Hampton Roads Business Hall of Fame.

Representative Rigell served his country in the United States Marine Corps Reserve, rising to the rank of Sergeant before an honorable discharge after six years. He earned his B.B.A. from Mercer University and his M.B.A. from Regent University in Virginia Beach. In 2010, the Regent School of Global Leadership & Entrepreneurship named Rep. Rigell their "Alumni of the Year."

Representative Rigell and his wife are the proud parents of four grown children: Lindsey, Mallory, Justus and Shannon, and they are delighted to have two grandchildren: Parks and Reese.

Michael Brown, Economist – Wells Fargo, Bank

Michael Brown is an economist for Wells Fargo Securities. Based in Charlotte N.C., he is responsible for tracking national and regional economic trends. He also provides analysis and commentary on national business investment and state budget issues.

Prior to joining the economics group in 2010, Michael served as an economist and legislative analyst for the Arkansas Bureau of Legislative Research, which serves the Arkansas General Assembly. In this role, Michael focused his research on quantitative public policy analysis and the Arkansas economy.

Michael’s research interests include state budget issues, regional economics, information economics, and econometrics.

Michael earned his B.S. in business economics and his master’s degree in economics from the University of Arkansas, in Fayetteville, Ark. He has also completed graduate coursework in economics at Georgia State University, in Atlanta.

Robert W. McClintock, Jr.

 Rob McClintock is currently the Research Director for the Virginia Economic Development Partnership (VEDP) and, as such, is responsible for managing the development of relevant marketing data and resources to support the business recruitment, retention, expansion and international investment objectives of VEDP.  Key functions of the Research Division include research activity to support strategic positioning of VEDP’s marketing efforts; tracking available real estate inventory throughout the Commonwealth to recommend to business prospects; producing custom proposals for Virginia’s business prospects; and producing general economic research information to assist with client decision making.  He has served in this position since April 1999.

He has over 23 years of service with VEDP and its predecessor agency, the Virginia Department of Economic Development.  For a short period in 1998-1999, he served as Director of Economic Development in Hanover County, Virginia.

Professionally, he has worked as an associate (1978-81) in the Richmond consulting firm of K.W. Poore & Associates, specializing in comprehensive planning and community development projects.  From 1981-84, he served as Regional Planner for the Central Virginia Planning District Commission in Lynchburg.  He worked as Director of Planning and Development in Amherst County, Virginia from 1984-88, and was the county’s first staff person assigned to economic development responsibilities.

McClintock is a native of Virginia and a graduate of the University of Richmond (BA, 1977) and Virginia Tech (Masters in Urban and Regional Planning, 1984).  He is a 1993 graduate of the Economic Development Institute at the University of Oklahoma.

Professional affiliations include membership in the American Planning Association, International Economic Development Council, Virginia Economic Developers Association, the Council for Community and Economic Research, and the Southern Economic Development Council.