Board of Directors


John Molster, Chair

John S. Molster is Managing Director with BB&T/Scott&Stringfellow. He has been advising families, private companies and foundations on investments for more than 35 years. John has served on boards including Venture Richmond, St. Christopher’s School, Jamestown-Yorktown Foundation, Inc., Virginia FREE, Medarva Foundation, Church Schools of the Diocese of Virginia, and the St. James Episcopal Church Endowment Fund. He is a member of the Leadership Metro Richmond Class of 2012.

John resides in Richmond with his wife Janie.  He is committed to helping the City progress and grow into an exceptional place to live and work. John was appointed to the EDA in 2014.

Nupa Agarwal, Vice Chair

Nupa Agarwal is an attorney with Agarwal Law Firm, a practice she founded in 2004. With over 15 years of practicing law and running a business, Nupa has focused her practice on bankruptcy law. In addition to her law practice, Nupa is a licensed and active realtor. She has successfully worked as a licensed realtor in Virginia for over 8 years. Last year, she was awarded top producer agent at her brokerage firm and works with commercial and residential clients.

Following law school, she spent three years as a law clerk at the Mississippi Court of Appeals clerking for Chief Judge William G. Bridges before returning to Virginia to be closer to her family. Prior to establishing Agarwal Law Firm, Nupa worked as staff attorney for the Virginia Department of Labor and Industry where she worked on various labor and employment issues including wage and hour violations, workplace discrimination and harassment. She also worked as a Staff Attorney and Legislative Liaison at the Department of Correctional Education where she also received her Senior Professional Human Resource Manager (SPHRM) certification and worked with the General Assembly on legislative issues. She was later an associate at Main Street Law firm specializing in bankruptcy.


An enthusiastic supporter of non-profits and community-oriented organizations, Nupa has served on the boards of Big Brothers Big Sisters Greater Richmond, Virginia League for Planned Parenthood, and The READ Center. Currently, she is on the Board of Directors of the Economic Development Authority of the City of Richmond, DemBizRVA and serves on the Canvas Advisory Board of the Virginia Museum of Fine Arts (VMFA). She also serves as the Director of Government Relations for the Cultural Center of India, Virginia (CCIVA) and was co-founder and is a current board member of the American India Foundation (AIF) Richmond Chapter. She is also a supporter of Stop Child Abuse Now (SCAN) and Fit for Kids.


Nupa earned a degree in Sociology from Randolph-Macon College where she also minored in Political Science, and Latin Studies. In her last year of college, she attended the Semester at Sea Program where she spent a semester traveling to 15 countries around the world learning about their culture and political structure. She went on to law school and earned a Juris Doctorate from the Mississippi College School of Law. While attending law school, Nupa also received a Masters of Science in Sociology from Mississippi College where she specialized in cultural anthropology.

Nupa has passed the Mississippi, New York, and Virginia Bar Exams.


She is married to attorney Amit Acharya who works for the Women, Infants, and Children (WIC) Program at the Virginia Department of Health. They love exploring the City of Richmond and afternoons boating on the James with their friends and family. Nupa was born in India, and at the age of two, her parents left India to find better opportunities in the United States. She grew up in Colonial Heights, Virginia.

Jane Ferrara, Secretary

Department of Economic and Community Development, Deputy Director and Chief Operating Officer, Jane Ferrara, is the former Director of Real Estate for the City of Richmond, Virginia. She is the chief advisor to the Mayor, Chief Administrative Officer and City Council on all matters related to City-owned properties. She directs the Citys Real Estate Services Department, which strategically deploys and leverages City real estate assets through the acquisition, disposition, and adaptive re-use and redevelopment of City-owned properties. In this role, she formulates, recommends and implements real estate strategies designed to preserve, enhance and unlock value potential of a diverse array of City real estate assets.

Mrs. Ferrara has negotiated numerous complex real estate transactions to include leases, purchases, dispositions, condemnations and property rights acquisitions on behalf of the City and its agencies. All City transactions must be approved through the citys legislative process and adopted by City Council.

With Bachelors of Science degree from Old Dominion University she began her commercial real estate career in 1985. Throughout her career, she has worked with a number of institutional clients to formulate real estate strategies that enhance value. 

Tiffany Jana 

Tiffany is the CEO and President of TMI Consulting, a Diversity and Inclusion firm based in Richmond, VA. She has helped orchestrate the venture’s tremendous growth over the past 13 years, establishing a national network of consultants and spearheading the company’s transition into the world’s first Certified Benefit Corporation with a Diversity and Inclusion focus. With Tiffany at its helm, TMI Consulting has become a global leader in social enterprise and values-based engagement that nurtures and supports talent while making a positive impact in the world.

Tiffany is pleased to announce the upcoming publication of Overcoming Bias: Building Authentic Relationships Across Differences, a book she co-authored with TMI Co-Founder Matthew Freeman to help readers explore and confront their conscious and unconscious biases.

Her awards and talks include: Diversity Journal's 2013 'Women Worth Watching,' Metropolitan Business League's 2014 Entrepreneur of the Year, and TED Talk: The Power of Privilege.  Tiffany also serves on the Science Museum of Virginia’s Board of Trustees.


Meda Lane

Nathan Hughes, CBI, CCIM

Nathan Hughes is Principal Broker and Owner of Sperity Real Estate Ventures, which he founded in September 2015. He has been a full-time business broker and commercial REALTOR® since 2005. Combining the decades of full-service real estate and business brokerage experience with his own business and restaurant experience, Nathan has carved a niche for himself in the Richmond restaurant market and in the field of mixed-use development.

After several years of classes and preparation, Nathan earned his CCIM designation from the CCIM Institute in 2018. The CCIM designation denotes that the designee has completed advanced coursework in financial and market analysis, and demonstrated extensive experience in the commercial real estate industry. CCIM designees are recognized as leading experts in commercial investment real estate.

Nathan earned his CBI (Certified Business Intermediary) designation from the International Business Brokers Association in 2014. The CBI designation is only awarded to members that have met stringent educational and experience requirements, and that hold themselves to high ethical standards. Continuing education and constant improvement is a hallmark of a CBI.

Giving back to the industry and being involved in the community is important to Nathan. He currently serves on the Board of the Economic Development Authority for the City of Richmond, and in mid-2017 wrapped up a 3+ year term on Commission of Architectural Review for the City of Richmond. Nathan has been and continues to be very involved with the REALTOR® associations, currently serving as a Director on the Board for the Virginia Realtors and as a Director on the Board for the National Association of Realtors, as well as a variety of committee work on the local, state, and national levels. For several years, Nathan was involved with Special Olympics of Virginia, and helped each year with the planning of their fundraising event, Over the Edge.

Hossein Sadid, Treasurer

Hossein recently joined the Virginia Museum of Fine Arts and Virginia Museum of Fine Arts Foundation as their CFO and the Deputy Director for Finance and Administration. Prior to joining the Museum he returned to consulting after leaving his position of VP for Business and Finance and Treasurer at the University of Richmond. Hossein’s most recent consulting engagement was at the Smithsonian Institution. Relying on his broad financial and business education, expertise and experience, he undertook an in-depth analysis of existing organizational challenges, researched industry trends and developed customized organization centric plans for improvement.

In his role at Richmond for four years, Hossein oversaw all non-academic functions of the University including the Spider Management Company, an investment advisory company owned by the University. Prior to joining the University of Richmond in 2009, Hossein was a Higher Education consultant engaged primarily in assessing effectiveness of finance and business operations for several higher education institutions including MIT, Wake Forest University, Virginia Commonwealth University and National University of Singapore. Prior to his consulting engagements, Hossein worked at Case Western Reserve University, a private research university with a large academic medical center, for over twenty-eight years.  He joined Case as the director of internal audit and moved on to assume key financial and operational responsibilities involving controllership, campus safety, procurement, auxiliary enterprises and human resources.  Prior to leaving Case he held the title of Chief Financial and Administrative Officer (CFO/COO) to which he was appointed in May 2003. In this role, he was responsible for all finance and business, human resources, facilities, safety and security, campus services, controller, treasurer, budget, planning and internal audit functions of the University. He was also the financial and administrative liaison between Case and its affiliated hospitals (Cleveland Clinic, University Hospitals, Cleveland Metro General Hospital and Henry Ford Hospital in Detroit) and faculty practice plans.       

Hossein has served on a variety of boards and professional groups including the Spider Management Company (served as its secretary), Neighborhood Progress, Inc. (served as the chairman of its audit and finance committee), Medical Center Company (served as the president), LODOCO (served as the treasurer), National Association of College and University Business Officers, and Eastern Association of College and University Business Officers. He has been the President of the Medical Center Company, a consortium of non-profit University Circle institutions, for three one-year terms. He has served as faculty for the American Council on Education and the Society for College and University Planning.

Over the past three decades, Hossein has been a tireless advocate of community interests and diversity achieving numerous recognitions including nomination for the Visionary of the Year by the Urban League of Greater Richmond, the Hispanic Business Association Annual Award, the Medal of Freedom Award from the Cleveland Chapter of NAACP, the Governor’s Supplier Diversity Initiative award, the Northeastern Neighborhood Development Corporation’s Keystone Award for Outstanding Business Leadership, the Consortium of African American Organizations Business Development Award, and the Presidents Council Trailblazer Award.

Hossein holds an MBA in accounting and finance, and a postgraduate certificate in management information systems from Case Western Reserve University.  He is a Certified Public Accountant. Hossein has extensive international experience and speaks multiple languages. He is married with three children. 

Julious P. Smith Jr.

Mr. Smith is the chairman emeritus of Williams Mullen. He served as CEO of the firm from Feb. 1, 1984 through Jan. 31, 2010. Under Mr. Smith’s Leadership, Williams Mullen grew from 25 lawyers in Richmond, Va. to over 300 in 12 offices in North Carolina, Washington, D.C. and London. Gross revenues increased from approximately $4.5 million to $150 million. During his tenure as CEO, Mr. Smith initiated six mergers with law firms ranging in size from 20 to 55 lawyers.

His practice includes representing and advising business clients in corporate and business matters, including succession planning and mergers and acquisitions. He has specific experience in closely-held businesses, insurance brokers, and family businesses. His merger and acquisition experience ranges from small family businesses to major transactions involving publicly-traded companies. Mr. Smith also consults with law firms on business-related issues.

A committed community leader, Mr. Smith has received numerous awards for his dedication to community service. He is a former member of the board of trustees of the Virginia Foundation for Independent Colleges and a current member of the board of directors of the Virginia Sports Hall of Fame. He is also a member of the State Council of Higher Education for Virginia, the Virginia Athletics Foundation, and the Richmond Economic Development Authority (EDA). Mr. Smith is the former chair of the Virginia chapter of the Society of International Business Fellows.

The Richmond Bar Association awarded Mr. Smith the Hill-Tucker Public Service Award in 2005. In 2003, Mr. Smith received the Patrick Henry Public Service Award from the Wilson Center for Leadership in the Public Interest at Hampden-Sydney College. He is a member of The Salvation Army Boys and Girls Club Hall of Fame and is a recipient of the Richmond Touchdown Club’s Micheli Award for his outstanding contribution to Richmond youth. In 2010, he was recognized as a Leader in the Law by Virginia Lawyers Weekly.

Mr. Smith is a past chairman of the Greater Richmond United Way Campaign and a past chairman of its “de Tocqueville” effort. Mr. Smith served as the chair of the 2002 Annual Dinner for the Multiple Sclerosis Society and served as co-chair of the 2004 CCA American Cancer Society Golf Tournament. He is a former Virginia State chairman for the United States Olympic Committee, and a former president of Theatre Virginia. Mr. Smith also serves on several corporate boards including, the Mutual Assurance Society of Virginia.

He is listed in The Best Lawyers in America and in Virginia Business magazine’s list of “Legal Elite.” Mr. Smith has been recognized as a leading corporate attorney by Chamber’s USA: America's Leading Lawyers for Business. In addition, Mr. Smith has been named a “Super Lawyer” for Business/Corporate by Virginia Super Lawyers magazine. In addition, Martindale Hubbell has ranked Mr. Smith an AV attorney, its highest rating available. He is a past president of the Richmond Bar Association and a member of the American Bar Association, the Virginia Bar Association and the Virginia State Bar, where he is a member of the Taxation and Estate Planning and Law Firm Administration Sections. He is a fellow of the American College of Trust and Estate Counsel and the Virginia Law Foundation.

Mr. Smith joined Williams Mullen upon his 1968 graduation from the University of Virginia School of Law. He graduated from Hampden-Sydney College in 1965 and served as a trustee of the institution and as vice-chairman of its board of trustees.