Board of Directors

September 24, 2014

4:30PM

Galax, Virginia

Agenda

Call to Order

Consent Items

Approval of Minutes - July 23, 2014 Meeting

Financial Report

July/August 2014

Reports

Higher Education Center Site Manager

Executive Director

Report Prepared in Response to Request from USDA

Unfinished Business

College and University Partnerships

Tenth Year Anniversary Celebration

New Business

The Crossroads Mission - What's Ahead?

Result's Lease Renewal

Appointment of Standing Committees

Finance Committee

Building Committee

Adjournment

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Crossroads InstituteBoard of Directors

Annual Organizational Meeting4:30 PM

.July 23, 2014Crossroads Institute

Galax, Virginia

Members Attending: Strader BlankenshipKevin ChalfantDick DaltonAllan FunkGary LarrowePhil McCrawCarl RichardsonBrenda SutherlandCharlie White

Staff Attending: Oliver McBride.Executive Director

Linda Richardson.CREI Facilities Manager

Nicki Edwards,Site Manager - Higher

Education Center

Executive Director Oliver McBride called the annual organizational meeting of the Board of Directors to orderand detennined that a quorum was present. It was acknowledged that the Southwest Regional Enterprise Center(SREC) Board has appointed (under Category A of the By-Laws) Bill Smith to a four-year tenn on theCrossroads Board; that the Carroll County Board of Supervisors has appointed (under Category B) Phil McCrawto a four-year tenn; and (also under Category B) that Galax City Council has appointed Willie Greene to serve afour-year tenn on the Board. These individuals have indicated their willingness to serve. Dr. McBride thenadvised the Board that new appointmcnts by the Crossroads Board itself(under Category D of the By-Laws) areCarl Richardson and Dick Dalton. Both have indicated their willingness to serve. He entertained a motion toapprove the Crossroads Board appointments of Carl Richardson and Dick Dalton to each serve a four-year termon the CREI Board of Directors (20 I4-20 18) representing backgrounds and interests. Brenda Sutherland somoved, Gary Larrowe seconded, and the motion carried by unanimous vote (with Dick Dalton and CarlRichardson abstaining). New Members attending were recognized, introduced. and welcomed.

The Executive Director then proceeded with thc process of election of Board oflicers for the upcoming two-yeartenn. The floor was opened for nominations for Board Chair. Gary Larrowe made motion to nominate BrendaSutherland to serve as Chairman. With no other nominations. Strader l3Jankenship moved that nominations bcclosed. Allan Funk seconded. A vote was taken and Brenda Sutherland was elected unanimously as Chair (withBrenda Sutherland abstaining).

Chair Brenda Sutherland opened the floor for nominations for Vice Chair. Gary Larrowe made motion tonominate Strader Blankenship to serve as Vice Chair. Being no other nominations. Allan Funk moved thatnominations be closed. Charlie Whitc secondcd. A vote was taken and Strader Blankenship was electedunanimously as Vice Chair (with Strader Blankenship abstaining).

The floor was then opened for nominations for Secretary. Upon recommendation by the Executive Director.Allan Funk made motion to nominate staff member Linda Richardson to continue to serve as Secretary. Beingno other nominations, Allan Funk moved that nominations be closed. Strader Blankenship seconded. A votewas taken and Linda Richardson was re-elected unanimously as Secretary of the Board.

The Chair opened the floor for nominations for Treasurer. Gary Larrowe moved to nominate Allan Funk toserve as Treasurer. Being no othcr nominations. Strader Blankenship moved that nominations be closed. CharlicWhite seconded. A vote was taken and Allan Funk was elected unanimously as Treasurer (with Allan Funkabstaining).

The final appointment was for Executive Committee representative elected from the Board. The Chair openedthe floor for nominations. Strader Blankenship made motion and Charlie Whitc seconded to nominate GaryLarrowe to serve in that position. There were no other nominations. a vote was taken. and the motion passedunanimously (with Gary Larrowe abstaining).

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Following elections, the proposed Board meeting calendar for FY 15 was presented. After discussion andconsensus that, dependent upon the amount of business to transact, meetings may be held on an every-other-month basis, Gary Larrowe moved to approve the meeting calendar for FY 15 as presented. Carl Richardsonseconded, and the motion passed by unanimous vote,

Minutes of the previous meeting held June 25, 2014 were reviewed, Charlie White moved to approve theminutes as presented. Kevin Chalfant seconded, and the motion passed by unanimous vote, The FY 14 finalfinancial report was presented. Following discussion, Allan Funk moved to approve the financial report aspresented. A second was made by Dick Dalton, and the motion passed by unanimous vote.

Reports

Nicki Edwards, Site Manager at the Higher Education Center, reported on recent activities there and describedher role for new Board Members - facilitating technology for groups and college classes, managing our socialmedia, and working on partnerships with colleges and universities. She reported:

o She is working to update the Crossroads wehsite and make it more user-friendly,o She has developed a partnership with Old Dominion University's WCC campus representative to host

open houses and information sessions for ODU,o She is working on a partnership with the Small Business Development Center at Crossroads that would

potentially benefit both parties through a series of technology classes offered to the public,o The second in a professional development series by UVA-Wise is scheduled for July 31". The title is

Teclmologyfor the Trainer and has registered a full class.o Longwood University will finish its summer session of video-conference classes on July 25tho She is preparing to promote our fall programs for Life @ the Crossroads and for Twin County

Leadership Initiatiw.

Oliver McBride was asked to give the Executive Director's report, He:o Provided dates and described chosen topics for the LIFE @ the Crossroads fall series,o Provided a listing of current business incubator tenants at Crossroads and described the types of

organizations.

Unfinished Business

In unfinished business, Oliver McBride provided an update on efforts to partner with additional colleges anduniversities. He said a recent visit from Lees McRae indicated potential interest; and the result of a recent visitby the Radford University President is to be a subsequent visit by Deans by the end of August. He stated we areworking to get a feel for what course offerings are needed in our area.

In other unfinished business, Dr. McBride spoke further about plans to celebrate our 10-year anniversary nextyear and hopes to enlist a group to help with planning the celebration.

New Uusiness

In new business, the Executive Director asked for approval for three adjustments to the FY 15 approved budgetdue to actual balances as of the previous fiscal year end. Charlie White moved to approve the three adjustmentsas presented, Dick Dalton seconded, and the motion passed by unanimous vote.

A letter of engagement from CPA firm Robinson, Fanner, Cox Associates was presented to the Board forreview ofFYI4's accounts and to prepare the federal Tax Form 990. After examination of the document, GaryLarrowe moved to engage Robinson, Farmer. Cox to perform the review and prepare the tax form, A secondwas made by Kevin Chalfant, and the motion passed by unanimous vote.

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In other new business, given the change of CREI Board officers, it is necessary to complete a new CorporateResolutions and Certificate of Incumbency for our bank, providing names of individuals who have been grantedauthority to act on behalf of CRE!. After discussion, Strader Blankenship moved that the newly-elected Boardofficers (Chair, Vice-Chair, Secretary, and Treasurer) plus the Executive Director be granted banking authorityand that we continue with the Chair, the Treasurer, and the Executive Director having check signature authority.A second was made by Carl Richardson, and the motion passed by unanimous vote.

In conclusion, it was the consensus of those present to have no meeting in August; therefore, the Chairannounced the date of the next Board Meeting will be September 24,2014.

With no further business, Charlie White moved to adjourn. Strader Blankenship seconded, and ChairmanSutherland declared the meeting adjourned.

Respectfully submitted,

Linda Richardson - Secretary

Crossroads InstituteFinancial Report FY15 : Budget vs. Actual

July through August 2014

Jul - Aug 14 Budget $ Over Budget

Ordinary Income/ExpenseIncome40000 . PY Carryover

40000.1 . Phase II Expansion 7,815.53 7,815.53 0.0040000.2 .. Capital Development Grant 4,661.00 4,661.00 0.0040000.3' Youth ProgramfTAKY 1,837.39 1,837.39 0.0040000.4 . Tell 800.35 800.35 0.0040000,5' LGIP/MMKInterest 1.124.51 1,124.51 0.0040000.6 . Cash Balance 3,984.56 3,984.56 0.00

Total 40000 . PY Carryover 20,223.34 20,223.34 0.00

45000 . Investments45020 . Dividend, Interest (Securities) 3.05 300.00 -296.9545030 . Investment Account Transfers 27,418.47 22,202.76 5,215.71

Total 45000 • Investments 27,421.52 22,502.76 4,918.76

46400 . Other Types of Income46410. Local Contribution 0.00 45,000.00 -45,000.0046440 . Electricity Reimbursement 2,384.67 6,000.00 -3,615.3346447' Telephone-Postage Reimbursement 145.32 1,300.00 -1,154.6846465 . Conferences 0.00 9,000.00 -9,000.0046470 . Concessions 169.89 2,000.00 -1,830.1146475. WIA Youth Career Academy 0.00 13,000.00 -13,000.0046477 . SeminarlWorkshop Fees 0.00 2,000.00 -2,000.0046485 . wee Refurbishment Reimbursement 0.00 18,000.00 -18,000.0046490 . Other Reimbursement 160.00 771.57 -611.5746492 . LIFE @ the Crossroads 100.00 800.00 -700.0046495 . Tuition / Fees 0.00 2,000.00 -2,000.00

Total 46400 . Other Types of Income 2,959.88 99,871.57 -96,911.69

47500 . Rentals-Leased Space47500.1 . Rentals-Leased Space - WCC 45,842.62 276,330.00 -230,487.3847500.2 . Rentals-Leased. SREClTenant 15,030.80 60,000.00 -44,969.2047500.3' Rentals-Leased Space. Results 20,375.00 122,250.00 -101,875.0047510. Facility Use Rental 1,210.00 8,200.00 -6,990.00

Total 47500 . Rentals-Leased Space 82,458.42 466,780.00 -384,321.58

Total Income 133,063.16 609,377.67 -476,314.51

Expense62200 . Utilities

62210 . Network Operations 750.00 5,000.00 -4,250.0062220 . Telephone, Telecommunications 434.42 2,500.00 -2,065.5862230 . Garbage/SewerlWater

62230.1 . SewerlWater 676.30 4,100.00 -3,423.7062230.2 . Garbage 200.00 2,400.00 -2,200.00

Total 62230 . Garbage/SewerlWater 876.30 6,500.00 -5,623.70

62240 . Electric 18,222.75 130,000.00 -111,777.2582250' Gas 330.61 3,500.00 -3,169.39

Total 62200 . Utilities 20,614.08 147,500.00 -126,885.92

62800 . Facilities and Equipment62815 . Capital Additions/Replacement 0.00 10,000.00 -10,000.0062819. WCC Refurbishment 0.00 18,000.00 -18,000.0062820.1 . General Maintenance 7,133.30 20,000.00 -12,866.7062822 . Insurance 3,117.00 14,000.00 .10,883.0062835 . Serv Contract/Inspection 80.00 18,600.00 -18,520.0062840.0 . Phase II Expansion 0.00 7,815.53 -7,815.5362840.1 . Outside Maintenance 1,600.00 10,000.00 -8,400.0062859 . Debt Service 23,646.90 141,881.40 -118,234.5065048' CBRE Lease Commissions 0.00 6,500.00 -6,500.00

Total 62800 . Facilities and Equipment 35,577.20 246,796.93 -211,219.73

Page 1

Crossroads InstituteFinancial Report FY15 : Budget vs. Actual

July through August 2014

Jul - Aug 14 Budget $ Over Budget

63000 . Personnel63100. Clerical 6,237.03 40.397.00 -34.159.9763200 . Custodial (Fn 5.422.64 35,110.00 -29,687.3663300 . Custodial (PT) 2.566.02 16,794.00 -14,227.9863400 . Executive Director (PT) 2.128.88 13,838.00 -11,709.1263500 . Worker's Camp 624.00 2.500.00 -1,876.0063600 . Technical Support (FT) 5,861.24 38,093.00 -32,231.7663700 . Technical Support (PT) 0.00 2,000.00 -2.000.00

Total 63000 . Personnel 22.839.81 148,732.00 -125,892.19

65000 . Operations65010 . MarketingfAds 0.00 500.00 -500.0065015 . LicenseslDues 0.00 300.00 -300.0065035.1 . Office Expense/Postage 904.05 5,000.00 -4,095.9565045 . Professional Fees 1,200.00 10.600.00 -9.400.0065050.1 . Custodial Equipment & Supplies 2,144.50 16,000.00 -13,855.5065055 • Travel 0.00 1,000.00 -1,000.0065065 . Website Develop. & Maintenance 475.00 500.00 -25.0065071 . Staff Training 0.00 300.00 -300.0065076 . SeminarlWorkshop Expenses 0.00 1,200.00 -1,200.00

Total 65000 • Operations 4,723.55 35.400.00 -30,676.45

65100 . GrantslConferences/other65075' Capital Dev. Grants 0.00 4.661.00 -4.661.0065090, Youth ProgJTAKY 0.00 1,837.39 -1,837.3965150 . Conferences 572.00 8.000.00 -7.428.0065155, L1FE@the Crossroads 0.00 650.00 -650.0065170. WIA Youth Career Academy 0.00 13,000.00 -13,000.0065175, TCLI 0.00 2,800.35 -2.800.35

Total 65100 . Grants/Conferences/other 572.00 30,948.74 -30,376.74

Total Expense 84,326.64 609,377.67 -525.051.03

Net Ordinary Income 48.736.52 0.00 48,736.52

Net Income 48,736.52 0.00 48,736.52

LGIPMMCheckingTotal Cash

98.7042,579.906,057.92

48,736.52

Page 2

"I9:52 AM Crossroads Institute09/23/14 Vendor DisbursementsAccrual Basis July through August 2014

Type Date Num Name Memo Amount

AEPCheck 07/15/2014 3118 AEP -9,270.68Check 08/15/2014 3146 AEP #020-530-75 ... -8,952.07

Total AEP -18,222.75Cincinnati Insurance Company

Check 08/15/2014 3161 Cincinnati Insuranc ... Ace! #10001... -3,741.00Total Cincinnati Insurance Company -3,741.00Clark Gas

Check 08/15/2014 3151 Clark Gas Ace!. #12630 ... -330.61Total Clark Gas -330.61Crooked Creek

Check 07115/2014 3124 Crooked Creek -800.00Check 08/05/2014 3145 Crooked Creek -800.00

Total Crooked Creek -1,600.00Dish Network

Check 07/22/2014 3132 Dish Network Ace!. #8255 ... -36.00Check 08/15/2014 3160 Dish Network Ace!. #8255 ... -36.00

Total Dish Network -72.00E&L Diamond

Check 07115/2014 3119 E&L Diamond Acel. #46341 -411.50Check 08/05/2014 3138 E&L Diamond Ace!. #46341... -1,775.00

Total E&L Diamond -2,186.50Fire Equip

Check 07/22/2014 3131 Fire Equip -80.00Total Fire Equip -80.00First Citizens Bank

Check 07/22/2014 3133 First Citizens Bank VISA Ace!. # ... -538.51Total First Citizens Bank -538.51

Galax CityCheck 07/22/2014 3135 Galax City -676.30Check 07122/2014 3136 Galax City -11,019.79Check 08/15/2014 3159 Galax City -11,196.02

Total Galax City -22,892.11

GNBCheck 07/22/2014 3130 GNB -1,610.45Check 08/15/2014 3162 GNB Acct. #80679 ... -1,610.45

Total GNB -3,220.90

Grayson County Water System/Solid WasteCheck 08/05/2014 3137 Grayson County W ... Ace! 061.000 ... -200.00

Total Grayson County Water System/Solid Waste -200.00

Holmes RefrigerationCheck 07/15/2014 3120 Holmes Refrigeration -176.25Check 08/05/2014 3141 Holmes Refrigeration -969.65

Total Holmes Refrigeration -1,145.90

Jane L. Patton, CPA, LlCCheck 07/15/2014 3126 Jane L. Patton, CP... -600.00Check 08/15/2014 3153 Jane L. Patton, CP... -600.00

Total Jane L. Patton, CPA, LLC -1.200.00

JanpakCheck 07/15/2014 3121 Janpak -797.97Check 08/15/2014 3148 Janpak .1,010.35

Total Janpak -1.808.32

Page 1

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Crossroads Institute,

9:52 AM

09/23/14 Vendor DisbursementsAccrual Basis July through August 2014

Type Date Num Name Memo Amount

Johnson ControlsCheck 08/05/2014 3139 Johnson Controls Acct 1588901 -3,600,00

Total Johnson Controls -3,600,00

LEAFCheck 07/15/2014 3127 LEAF Contract No .... -99,00Check 08/15/2014 3158 LEAF Contract No .... -99.00

Total LEAF -198.00

Lingo (MGW) NetworksCheck 07/15/2014 3125 Lin90 (MGW) Netw", -573.42Check 08/15/2014 3152 Lin90 (MGW) Netw", -611.00

Total Lin90 (MGW) Networks -1,184.42

LowesCheck 07/15/2014 3123 Lowes Ace!. #9900 ", -111,01Check 08/15/2014 3147 Lowes Acct, #9900 ", -174,77

Total Lowes -285,78

Merritt'sCheck 08/15/2014 3149 Merritt's -29.90

Total Merritt's -29.90

Newark Element14Check 08/15/2014 3154 Newark Element14 -32,37

Total Newark Element14 -32,37

Northwest Office SolutionsCheck 07/15/2014 3128 Northwest Office So ... -7,35Check 08/05/2014 3143 Northwest Office So ... Customer # ... -2,00

Total Northwest Office Solutions -9.35

Pitney Bowes Purchase PowerCheck 08/05/2014 3142 Pitney Bowes Purch ... Acet. #8000- ... -101.25

Total Pitney Bowes Purchase Power -101.25

Prof RentalCheck 07/15/2014 3122 Prof Rental -25,20Check 08/05/2014 3144 Prot Rental Acct #1149 -25.20

Total Prof Rental -50.40

SquealersCheck 08/15/2014 3156 Squealers -56,00

Total Squealers -56.00

State Electric Supply CompanyCheck 08/15/2014 3150 State Electric Suppl... 517832 -156,00

Total State Electric Supply Company -156,00

SW Virginia Business NetworkCheck 07/22/2014 3129 SW Virginia Busine ... -475,00

Total SW Virginia Business Network -475,00

USDA Rural DevelopmentCheck 07/21/2014 7/21/ ... USDA Rural Develo ... USDA Loan -10,213.00Check 08/19/2014 8/19/14 USDA Rural Develo ... USDA Loan -10,213,00

Total USDA Rural Development -20,426.00

WalmartCheck 08/15/2014 3155 Walmart Ace!. #6032-", -34,98

Total Walmart -34,98

Weld BuiltCheck 08/05/2014 3140 Weld Built Acct: CROS ... -15,00

Total Weld Built -15,00

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9:52AM

09/23114Accrual Basis

Crossroads InstituteVendor Disbursements

July through August 2014

Type Date Num Name Memo Amount

Wytheville Office SupplyCheck 07/2212014Check 08/15/2014

Total Wytheville Office Supply

TOTAL

31343157

Wytheville Office S .Wytheville Office S .

.343.95-89.64

-433.59

-84,326.64

Page 3

LIFE@ the CrossroadsFall 2014 Program Schedule

The Crossroads Institute's Higher Education Center - 208 Cranberry Road - Galax, Virginia

~l@ I:":'---Se tember 9 - Once Upon A Time ... ,Just the Other Day ...

!(-:-::J0-\fI, ~. Presented by Mike Lowe, Storyteller~~s dof' t haye~to be Qlade up, just remembered. Come and hear a real storyteller tell real stories ...I ~ '" ~ YI..) and polish up your own.~ .::.,..;:::~. .September 23 . The Transformation of U.S. Health Care Delivery

( (~presen!-ed OW Jo~ I baum, MHA, CEO of Duke LifePoint Twin County Regional Healthcarel"rhe rat; ~f.change a~nno a on in today's healthcare is unprecedented. The healthcare delivery system is rapidly-..:..:.. ~, ,~trans orming from a."vo ased environment" to a "value-based care system". Hospital and health system leadersacross the o'u tar' reating and executing strategies toward achieving health care's "Triple Aim:" (1) improving thepatient care experien e, including quality and satisfaction, (2) improving the health of populations, and (3) reducing theper capita healthcare cost. This presentation will examine national trends and innovations and provide insight into how

the regional health system is adapting to this new delivery model.

October 14 . Are There Really Elk in Virginia?Presented by Jeremy Nicholson, Wildlife Biologist with the Virginia Department of Game 8: Inland FisheriesJeremy will share his knowledge of the elk program in Virginia,describing the history of elk in Virginia, as well as their

reintroduction and the current program's status. Jeremy will also touch on the rumor of puma inVirginia.

October 28 . Reflections from a Writer's Point of ViewPresented by Ralph Berrier, Roanoke Times Award Winning Features Reporter

Ralph Berrier, Jr. has been a Roanoke Times reporter for more than 20 years. He has covered sports, rock concerts, localmedia and has written many prize-winning feature stories for the newspaper's Extra section. He has

written many stories about Southwest Virginia's musical heritage and covered the early days of The Crooked Road, theregion's music trail. In 2010, his book "If Trouble Don't KillMe" told the story of his grandfather and great-uncle, Claytonand Saford Hall, twin brothers who played country music, made recordings and played on the radio and Grand Ole Oprybefore World War II ended their dreams. The book earned rave reviews from the Wall Street Journal, Los Angeles Times,Newsday and other national publications. Berrier will talk about some of the stories he has written, local music, the

changing media landscape and the future of newspapers. ...:~0t'<~

rV ~(I~~November 18 - The Legacy of The Medal of HOnor,...- .?~ «((, ;')Presented by Lynn Mallory McClary, retired Virgini\\.t1ac~~r ~ \'Z ))..-::::-~

What inspires ordinary people to exhibit extraordinary acts of courage? How is it 'decided/who f1ceivesthe Medal ofHonor? How do the living recipients deal with this honor? Lynn will share some answe? and letlyouJ~af 'f(w Stdr{es astold by the recipients or their families. After attending a class sponsored by Freedo Founaati6'ffi.at Xall{Y Forge dn .teaching 20th century American History through using The Medal of Honor Legacy, L nn has -w a thaf ~spurceJ that

will move and inspire you to better appreciate and understand what our unique medca tie't ge an~ff&.

December 2 - The Carroll County Historical SocietyPresented by Ed Stanley, President of the Carroll County Historical Society and other CCHS Board Members

The Carroll County Historical Society is dedicated to preserving and teaching the history of Carroll County andsurrounding areas to new and younger Carroll County residents. From the earliest days of the Indian encampments tothe settlements and the actual creation of Carroll County, as well as the life in those early days - we hope this presen-tation will spark an interest in our local history and encourage you to begin exploring your family's and community's

local identity.

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LIFE@ the CrossroadsA lifelong learning experience at the Crossroads

Institute's Higher Education Center

GOAL

LIFE@ the Crossroads' goal is to provide enrichment opportunities for members of our community primarily,

but not limited to, age 50 and beyond. The program is designed specifically for lifelong learners with ther;:., ._

desire to keep their minds active, explore new - and even familiar - topics, and broaden their. horizons within

• oommoo;ty 01 ro,po,"" I",od, ". ~~yv-~MISSION .;p

LIFE@ the Crossroads is a program facilitated by the Crossroads Institute in Galax, Virginia);r~~ds

recognizes its community includes people who both desire to continue learning and have a wealth of

experience to share. Based on participants' ideas, input, and maybe an occasional whim, LIFE@ the

Crossroads will ideally enrich participants' lives and serve multiple generations in doing so.

OBJECTIVES:

• Promote forums that encourage everyone to participate-thus recognizing all members' experiences .

• Honor our cultures and heritages while serving future generations .

• Foster exchanges defined by courtesy and respect.

LIFE@ the Crossroads includes:

• An enriching, annual 12-session menu of presentations .

• A culminating spring event to recognize the friends that participants made and experiences they've shared .

• An opportunity to be a part of the growing LIFE@ the Crossroads community.

THE PROGRAMLIFE@ the Crossroads continues in its Fall 2014 Semester with six sessions from September through

December. These sessions will be on designated Tuesdays from 10 to 11:30 a.m. at the Crossroads Institute's

Higher Education Center, 208 Cranberry Road, Galax, Virginia. Presenters reflect the considerable talent in

both the local community and the region.

Participants may attend individual sessions for $5, which includes light refreshments. Membership for the

year's 12 programs is $50 per person.

Participants may register in a variety of ways:

• Call (276) 236-0391

• Email registration@crossroadsva.org

• Visit the Crossroads Institute's Facebook page and send a

message: www.facebook.com/Crossroad slnstitute

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September 24

"Growing Your Positive Influence"

A presentation by Kevin Spurlin, Agric!Jlture and

Natural Resources Agent

•*November 12

"Leadership in an Age of Challenges"

A presentation by John Bassett, Chairman of Vaughan-Bassett-. .Furniture Company

*This session "'l'iIIbe held at 11:30 a.m. at the main Crossroads Institute Building on East Stuart Drive in Galax . •

. c::;:> ~~March 11 ••

"Simple, Sensible, Street. Proven Leadership Principles",.A presentation by Chief Rick Clark, of City of Galax Police

. Department

c:;:::> ~~April 15

"Dude, Where's the Meeting? Thriving V¥ith Five Generations in the

Workplace"

A presentation by Lil Dupree of People Incorporated

•

*AIIsessions occur on Wednesdays, 11:30 a.m. until 1:00 p.m. aqhe Higher Education Center on Cranberry Roadin Galax unless otherwise indicated*

• . .

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- *November 12 - "Leadership in an Age of Challen~"A presentation by John Bassett, Chairman of

, Vaughan-Bassett Furnitl:lre CompanyJohn Bassett is the Chairman of Vaughan-Bassett Furniture Company, which is the largest wood,

en bedroom manufacturer in the United States. He is the grandson of J.D. Bassett, Sr., who. '

founded Bassett Furniture Industries (a different company) in 1902. In 1919, Bassett's grandfa~

ther and B.~. Vaughan (the grandfather of his wife Pat) feunded Vaughan-Bassett Furniture CO":l- •

pany. Vaughan-Bassett has a strong presence in both North Carolina and Virginia. Its main facto-•ry is in Virginia and it has its main showroom in High Point, NCand a warehouse/distribution cen-

ter in Elkin, NC. John Bassett has been with the company since 1983.

In 2003, John Bassett led a coalition of about 24 American bedroom

manufacturers who petitione'd the U.S. government to investigate the

Chinese bedroom industry to see if it was illegally dumping its product into the U.s. market. After

a two-year investigation, the U.s. government determined that the Chinese bedroom industry

was'in fact guilty of illegal Clumping and imposed dumping duties on offending Chine~e factories.

In January of 2012, Vaughan-Bassett announced that it was buying tl}e empty factory next to itsI , .

main factory in Galax, Virginia, and the com'pany re-opened Phase 1 of the facility in March'of

. 2012 and Phase 2 in July of 2012, with about 50 e'mployees.. ,

Vaughan-Bassett, employs over 600 workers and is on track to sell about $90 million in American-. , .made bedroom furniture this year. One-hundred percent of all

Vaughan-Bassett's products are proudly made in America - in Galax, Virginia -- by American

craftsmen.

•*This session will be held at the main Crossroads Institute Building on East Stuart Drive in Galax.

o

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the Crossroads Institute1117 E. Stuart DriveGalax, Virginia 24333

www.crossroadsva.org

(276) 236.0391

ARural Entrepreneurial & Educational Initiative

INTRODUCTION

The Crossroads Institute, which officially opened June 27, 2005, serves Carroll and GraysonCounties and the City of Galax - known as the Twin Counties. Unique in Virginia, Crossroadscombines economic development and education to offer those with dreams, determination, andan entrepreneurial spirit a path to better themselves and strengthen the regional economy. Thefacility has also become a major conference center, complete with on-site catering services.

Among those providing approximately $5.7 million in initial funding were the federal EconomicDevelopment Administration, the Virginia Tobacco Commission, the Virginia Department ofHousing and Community Development through a Community Development Block Grant, and aU.S. Department of Agriculture Rural Development Authority loan. These funding sourcesjoined with us, understood our vision, and enabled us to pursue it.

Contributing to the vision, local government officials created the Southwest Regional EnterpriseCenter, a business incubator located in the facility. Here start-up firms can gain stabilityoperating with reduced expenses and easy access to professional guidance for their first fewyears. Wytheville Community College, who wanted to expand in the region, created a satellitecampus at the Crossroads Institute with programs tailored to the Twin Counties' needs. Inaddition, the Blue Ridge Crossroads Economic Development Authority (BRCEDA) and SmallBusiness Development Center (SBDC) have offices here. Since 2006, the Small BusinessDevelopment Center has been servicing Carroll, Grayson, and Galax entrepreneurs in developingbusiness plans, seeking capital, and growing their businesses, resulting in significant impact onjob creation and capital investment in the region.

A goal of expanding educational offerings to inelude bachelor's and master's degree programswas realized with the opening of the Crossroads Institute Higher Education Center at 208Cranberry Road in Galax (adjacent to the main facility) in the spring of 2012. The expansionwas made possible through a Virginia Tobacco Commission grant, a U.S. Department ofAgriculture Rural Business Enterprise Grant, and through interim financing by the CarrollCounty Industrial Development Authority. Partnerships with colleges and universities havemade the Higher Education Center a hub for distance learning in the Twin Counties, thusoffering our community access to a variety of bachelor and master degree programs. In additionto the expansion of educational opportunities, state of the art technology allows the HigherEducation Center to function as a premium site for professional development and training. Thenewer space enhances the institute's current small business and workforce developmentprograms, and gives the Crossroads Institute the ability to host conferences and larger meetings.

Through partnerships forged with many local, state, and federal organizations and agencies, theCrossroads Institute has become known throughout the Commonwealth. Many describe theCrossroads Institute as an example of what rural communities can do when seeking to combineeconomic development and education.

•COMMUNITY FACILITY USERSLaw Enforcement - City, County, State PoliceArea ChurchesBanking OrganizationsLocal Small BusinessesLocal Emergency Preparedness CommitteeLocal School DivisionsLocal Tourism / Chambers of CommerceAdvance Auto PartsAmerican Cancer SocietyAmerican Lung AssociationAmerican Red CrossCarQuest AutoCarroll/Grayson Cattle Producers AssociationCommonwealth Assisted LivingCrossroads to Employment NetworkCystic Fibrosis FoundationGalax Foundation for Excellence in EducationGalax Lions ClubGladeville Ruritan ClubGrayson LandCareGuardian Industries CorporationMount Rogers Regional Adult Education ProgramMount Rogers Community Services BoardNew River/Mount Rogers Workforce Investment Area

Consortium BoardNew River UniServ (VEA)People Incorporated of Virginia Financial ServicesRooftop of Virginia, CAPSmart Beginnings - Twin CountySouthwest Virginia Association of RealtorsTwin County Regional HealthcareTri-Area Community HealthU. S. CellularVCU/Massey Cancer CenterVirginia Dept. of Behavioral Health & Dev. ServicesVirginia Department of HealthVirginia Rural Water AssociationVirginia Tech - Dept. of Agriculture & Extension

EducationWall ResidencesWalMart

EMPLOYMENT I STAFF WITHINCrossroads Institute Staff 7Southwest Regional Enterprise Center

Small Business Incubator 34Wytheville Community College 21

(plus adjunct instructors)The Results Companies - Galax 181Blue Ridge Crossroads Economic

Development Authority 1Blue Ridge Crossroads Small Business

Development Center 2

Total 246

BUSINESS INCUBATOR TENANTSCommercial contractorCommunity foundationConsultant & designer for water/sewer projectsExpansion of printed circuit board design and

manufacturing operationFood catererMedical coderProfessional representative payee serviceRegional broadband networkSponsored residential service for individuals with

intellectual disabilitiesTemporary staffing networkUtilities groundsman training programWorkforce development programs: adult, youth, &

dislocated worker

COLLEGE I UNIVERSITY PARTNERSHIPSAND CURRENT OFFERINGS

AVERETT UNIVERSITY• Bachelor of Science in Sociology & Criminal Justice* Bachelor of Business Administration* Masters of Business Administration

BLUEFIELD COLLEGEOnline INSPIRE program:• Bachelors in Criminal Justice* Bachelors in Human Services• Bachelors in Management & Leadership• Bachelors in Public Safety• Bachelors in RN-BSN Nursing* Bachelors in E-Business & Entrepreneurship

LONGWOOD UNIVERSITY via NEW COLLEGE INSTITUTE• Bachelors in Liberal Studies - Elem. Education* .Masters in Education (varied endorsements)

NORFOLK STATE UNIVERSITY via NEW COLLEGE INSTITUTE• Bachelor of Social Work• Masters of Social Work

UNIVERSITY OF VIRGINIA AT WISE* Bachelor of Science in Accounting* Bachelor of Science in Business Administration• Bachelor of Science in Psychology• Library Media Endorsement• Professional Development Workshops:Technology for the TrainerManaging Diversity TodayExcel Workshop Series - Basic, hltermediate, AdvancedHelp for tire Helper

SMALL BUSINESS DEVELOPMENT CENTERSince 2006:

Business Plans Completed: 298• Companies Approved for Funding: 225• Company Growth with No Funding Needed: 37• Number Jobs Created: 1200

Capital Investment: $52,346,000

WYTHEVILLE COMMUNITY COLLEGE AT CROSSROADSEi'lROLLMENT HISTORY

Terml Number of Duplicated CreditAcademic Year Classes Students Hours FTEsSummer 2005 29.00 257.00 776.00 51.70

Fall 2005 72.00 795.00 2,285.00 152.30Spring 2006 82.00 899.00 2,337.00 155.80

2005-06 Totals 183.00 1,951.00 5,398.00 359.80

Summer 2006 38.00 433.00 1,222.00 81.50Fall 2006 78.00 1,462.00 3,866.00 257.70

Spring 2007 91.00 1,503.00 3,941.00 262.702006-07 Totals 207.00 3,398.00 9,029.00 601.90

Summer 2007 30.00 371.00 1,021.00 68.10Fall 2007 70.00 1,167.00 2,888.00 192.50

Spring 2008 72.00 1,126.00 3,201.00 213.402007-08 Totals 172.00 2,664.00 7,110.00 474.00

Summer 2008 26.00 293.00 763.00 50.90Fall 2008 96.00 1,603.00 4,234.00 282.30

Spring 2009 91.00 1,560.00 4,227.00 281.802008-09 Totals 213.00 3,456.00 9,224.00 615.00

Summer 2009 38.00 669.00 1,962.00 130.80Fall 2009 109.00 2,084.00 5,377.00 358.50

Spring 2010 116.00 1,712.00 4,788.00 319.202009-10 Totals 263.00 4,465.00 12,127.00 808.50

Summer 2010 40.00 511.00 1,331.00 88.70Fall 2010 115.00 1,735.00 4,389.00 292.60

Spring 2011 112.00 1.468.00 3,887,00 259.102010.11 Totals 267.00 3,714.00 9,607.00 640.40

Summer 2011 24.00 344.00 932.00 62.10Fall 2011 96.00 1,410.00 3,605.00 240.30

Spring 2012 152.00 1,432.00 3,581.00 238.702011-12 Totals 272.00 3,186.00 8,118.00 541.10

Summer 2012 37.00 282.00 622.00 41.50Fall 2012 131.00 1.343.00 3,055.00 203.70

Spring 2013 108.00 1,080.00 2,608.00 173.902012-13 Totals 276.00 2,705.00 6,285.00 419.10

Summer 2013 26.00 161.00 367.00 24.50Fall 2013 112.00 1,165.00 2,690.00 179.30

Spring 2014 132.00 1,090.00 2,676.00 178,402013-14 Totals 270.00 2,416.00 5,733.00 382.20

2005-2014 Totals 2,123.00 27,955.00 72,631.00 4,842.00

The Crossroads Institute Mission Statement

"To contribute to the continuing revitalization of the region's economy and offer a brighterfuture for our citizens through an innovative center for educational and economic development."

"To contribute to the revitalization of the region's economy and offer a brighter future for ourcitizens through an innovative center for continuing educational and economic development."

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