Newspapers / Winston-Salem Chronicle (Winston-Salem, N.C.) / Dec. 21, 2000, edition 1 / Page 9
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The Chronicle December 21, 2000 A9 JEx Ground to build a facility in Winston-Salem IP CHRONICLE u yD announces grants to help homeless in N.C. Salem Business Inc. to announce that bd, a subsidiary of , has selected Win- r a new package dis- ter. pund has contracted mal Development an Orlando, Fla., jstate developer, to he new, 115,000- square-foot facility on a site in Union Cross Business Park. Regional Development Group Inc. has purchased a 17.6-acre site in Union Cross Business Park and plans to start construction imme diately. The new facility is esti mated to generate 208 jobs, including office personnel, pack age handlers and truck drivers. It will replace a 30,000-square-foot facility currently located on Thurston Road in Greensboro. Brad Stanbery, terminal man ager for FedEx Ground in Greensboro, indicated that the reason for the new facility is the continued strong growth of the division and the central location in the Piedmont Triad Region. “Our facility serves the Piedmont Triad area as well as parts of Southern Virginia. We are experi encing strong growth in this mar ket. This new facility will give us the expansion room we need and provide a central location from which to serve our market.” FedEx’s strategic alliance partner, Fischer & Co., a Dallas- based national commercial real estate service firm, represented FedEx in this decision. “This is a more centralized location for FedEx Ground’s pick-up and delivery service,” said Stephen Sanders, vice president of Fischer & Co. “The Union Cross Business Park is an ideal location for service to the Winston Salem and Greensboro areas.” Bob Leak Jr., president of Winston-Salem Business Inc., the developer of Union Cross Busi ness Park, welcomed the company to Winston-Salem. “We are delighted to add FedEx Ground to the growing list of companies located in Union Cross Business Park. They are an internationally recognized leader in the logistics and package delivery industry and will bring immediate recogni tion to the park. We wish them every success with the new facili ty-” FedEx Ground is based in Pittsburgh, Pa., and is the second largest small package ground car-^ rier in North America. They ship about 1.5 million packages every business day with more than 35,000 employees and indepen dent contractors and more than 9.000 vehicles. IE CHRONICLE !«j|[GTON - U.S. d Urban Develop- iry Andrew Cuomo 76,000 in technical 3:| ants to help commu- ;rassroots organiza- rth Carolina more provide affordable )iuj portunities, better jrams to assist the l| 1 supply training for at provide housing s for persons with ints will furnish ) The Affordable )up, $50,400 to the ration of CDCs; :F Inc. and $24,000 ical Assistance Col- c. These grants will fordable housing s through HUD’s HOME program; assist Commu nity Housing Development Organizations in developing affordable housing in distressed areas; strengthen the manage ment of programs funded under the agency’s Housing Opportuni ty for Persons with AIDS pro gram and improve the effective ness of homeless assistance pro grams funded by HUD’s award winning Continuum of Care Ini tiative. “This is an investment in making government work bet ter,” Cuomo said. “By helping communities and grassroots organizations operate more effi ciently, we’re being good stew ards of taxpayers’ dollars while helping improve the lives of our most vulnerable neighbors.” Cuomo made the announce ment to a group of about 60 community and interfaith lead ers meting in Washington. At that meeting, Cuomo also released Resources for Empow erment and Opportunity, a com prehensive guide designed to help community and faith-based organizations build partnerships needed to stimulate economic development in distressed areas. “If we’re going to lift people out of poverty, we need to give community and faith-based organizations a seat at the table,” Cuomo said. “This guide is a road map to help community leaders find the resources they need to revitalize their neighbor hoods.” Three years ago Cuomo cre ated the Center for Community and Interfaith Partnerships to strengthen ties between HUD and nonprofit groups, communi ty development corporations and faith-based organizations. Since then, the center has helped lever age public funding in many of the country’s poorest areas with nonprofit and private-sector investment. Among the 56 organizations around the country receiving 85 technical assistance grants are: The Affordable Housing Group, North Carolina; Local Initiatives Support Corp., New York; Development Training Institute, Baltimore; National Puerto Rican Coalition Inc., Washing ton, D.C.; Congress of National Black Churches, Washington, D.C.; Asian Americans for Equality, New York; Rural Com munity Assistance Corp., West Sacramento, Calif; Coalition for' Low Income Community Devel opment, Baltimore; Maryland Center for Community Develop ment, Baltimore; Supportive^ Housing Network of New York' and Community Builders Inc.,* Philadelphia. " Johnson lAC spokeswoman lerson in an NNPA Speaking on ABC-TV’s news magazine “20/20” two months ago, Coleman said she is moving ahead with the suit because “I have two children. I don’t want them to have to go through the same thing, you know, just because they are black.” Both Cason and Coleman are represented by Klein at the con sumer law center, plus Nashville lawyers Watkins, Michael Terry, and lawyers from the New York firm of Bernstein Litowitze Berger & Grossman. from page A1 tributing to the work NLC carries out on behalf of cities and towns throughout America,” Archer said. “Our citizens want government to work better, and the National League of Cities can play an important role in carrying that message to Washington in our role as advocates for the nation’s cities and towns,” Archer added. “Our cities also are the places where we must be making the investments needed to strengthen our society, generate opportunities and ensure participation for all Americans, and NLC is one of our most effec tive resources in working to achieve those goals.” The four-day conference included dozens of sessions exam ining ways that local government leaders are putting together resources and finding solutions to address issues, respond to needs and assure a better future for America’s cities with a strategy of “Investing in Communities.” The meeting also capped the first year of an ongoing NLC cam-* paign of local efforts to undcf racism and promote racial justice in America, led by NLC President Bob Knight, mayor of Wichita,’ who received the “Municipal, Leader of the Year” award from' American City & County maga zine. ^ Williams from page A7 Former U.S. Supreme Court Justice William O. Douglas once remarked that “at the constitu tional level where we work, 90 per cent of any decision is emotional. The rational part of us supplies the reasons for supporting our predilections.” The remark chafes against those who like to regard the Supreme Court as an island of repose where constitutional justice* supplants individual will. * Gerald Ford put it nicely':, “(America is) a nation of laws, nof^, people.” .j Against the backdrop of the' Rehnquist court’s string of 5-4; decisions, however, it seems thai^ the judicial branch is just as deeplyjj divided as the other two branches of government, and the country. WWW. armstrong-williams. com •’ ephone interview, the new headquar- lude two meeting onprofit organiza- and the grounds i breast and ovarian ors park - evidence t union’s desire to the community, t union has assets $670 million, plac- the 100 largest in a field of 12,000 credit unions in the United States. Three of the largest compa nies the credit union serves are R.J. Reynolds Tobacco Co., Novant Health of the Triad Region and Nabisco Holdings Group. Allegacy has eight financial centers in Forsyth County and 12 nationwide. It has financial centers on Fifth Street, North Main Street (Plaza Building and the Federal Building), Moore- RJR Drive (Tobaccoville), Kernersville, Hanes Mall Boule vard, Hawthorne Road and North Cherry Street. It also has financial centers in East Hanover and Parsippany, N.J; New York City and Charlotte. Allegacy provides a full range of deposit services such as checking, savings, IRAs, certifi cate and money market accounts. Loan services include equity loans, lines of credit, mortgages and student loans. Other member benefits include financial planning, Internet home banking, WebPay, on-line application service, relocation service, e-mail and on-line new and used vehicle information. Harris from page A6 betrayed that trust. Thomas has betrayed that trust and deserves to be called a nigger. As long as he sits on the U.S. Supreme Court, Thomas is an insult to and does a great injus tice to all black Americans. Thomas, for the sake of all black Americans and all fair-minded Americans in this country, should resign immediately. To the greatly divided U.S. Supreme Court, this presidential election should not be decided at the expense of the voters in Flori da, the majority of whom are black, whose votes were not counted, or who were intimidated, deceived, and misled so that they could not vote at all. If this court has any regard whatsoever for the Constitution of the United States of America, it should order a run off election in Florida between George Bush and A1 Gore. Based on the facts as revealed by the NAACP and various news agencies. It appears that the only fair way to remove the racist cloud which hovers over the Florida^ electoral process is to have a run-' off election under the supervision- of the federal government. It is* only in this way that the election, flaws and irregularities that took, place in Florida can be removed and confidence again restored to'^ the election process. I Herbert Harris Jr. is a syndi-^ cated columnist and author of^ “The Golden 12: Universal Rules for Achieving Success” (Marlowe & Co., NYC). He may be reached^ at 800-775-0712 ext. 8140for com-)) ments. ; wisdom, my 8-year- shared with me will ing those moments St, I will lament the youth and the dread I Ivancing years of age me. So it is with these celebrate my life, for brtunately reminded adult life houses still is in all of us, and |)een given permission ehild or any stage in lytime I want to revis- anytime you might Tying on in a way you ige-appropriate, give a ought - Oh he is just jfferent stage, you just ^hich one. If we can be s, maybe the next time ting in a manner and unbeknownst to you, th your criticism and nerous because once ^ to celebrate all of the lied “your life.” Who ibout the chronologi- li* f your life; it is the t f us” you are to cele- the sage Nijah jifllirs, 10 months and 5ll i time of this writing. Jamal Toshumba ^ operator of C. A. RES. (I W Parents Partnership Services) i 111 the baby boom generation, a new level of social conscience finally her alds the arrival of the African- American community at the helm of its own future. Having won significant gains in political and social responsibility, the African-American community now finds itself confronted with addressing the economic conse quences of a history of disenfran chisement, integration and commu nity revitalization. Given the eco nomic costs of lost opportunities during a 400-year history of legislat ed non-participation, the crucial loss of the businesses that managed to develop during segregation, an inequitable balance of trade with the larger community following integra tion, and now the technological rev olution, corporate mergers, industry downsizing and globalization all occurring at such a rapid pace that without a concerted and coordinat ed effort on the part of the African- American community, designing the new business structures and initia tives needed in a 21st century econo my will be difficult. Understanding our history and recognizing the tradeoffs that have occurred as the community has tran sitioned from a segregated but self- contained community economy to desegregation and an integrated community economy, the black community leadership is concerned. The leadership recognizes that African-American people must become increasingly vigilant and innovative as we embark on a new course of managing change and meeting the wealth creation needs of our community. If lasting improve ment in the black community is to be a reality we must call upon the best attributes of our communal cul ture and move coUaboratively and efficiently toward estabhshing the businesses and jobs that are needed. One such effort is represented by the creation of David Capital Inc. A group of visionaries saw the desire to have an eating establish ment constructed in the East Win ston community as both meeting an expressed need of the community and a good business opportunity. The group further saw that there was a need to also have the community involved in the development and ownership of the business. Imple menting an economic growth initia tive, however, in a low resource com munity requires a lot of creativity. exceptional stamina and extraordi nary patience. After a lot of study and effort, David Capital Inc. was formed in September 1998 to pro mote local community asset devel opment and raise equity capital of $1 million to build the EastSide Cafeteria. Since it’s beginning, David Capi tal Inc. has sold $500,000 in stock and currently has 700 shareholders. The EastSide Cafeteria Meeting and Banquet Center will be a 15,000- square-foot casual dining establish ment that will seat 175 persons with an additional 300 persons being seated in the meeting and banquet center. The average meal price for the cafeteria and banquet center will be comparable and competitive with other food providers in the commu nity. The meeting and banquet space has been designed to privately accommodate up to four separate groups of 25 to 100 persons at a total development cost of $2.8 mil lion. The project will create at least 52 jobs with an annual payroll of $1.2 million and annual sales of $2.7 million once completed. David Capital Inc. is a for-profit corporation that will own and oper ate the cafeteria. The sale of stock is continuing and is being sold at $10 per share with a 10 share minimum purchase. Through the purchase of the stock issued by David Capital Inc. the community obtains an own ership interest in the EastSide Cafe teria. David Capital is operated by a nine-member board consisting of three representatives from the East Winston Community Development Corp. board of directors, three rep resentatives appointed by the Minis ters Conference of Winston-Salem and Vicinity and three representa tives elected from the general stock holders. The David Capital board of directors has responsibility for gen eral oversight of the cafeteria pro ject’s progress and development. In getting to this point, signifi cant progress has been made and much has been accomplished. A location for the cafeteria has been identified and the land has been optioned. The business plan for the project is completed, the architectur al and engineering specifications are also completed, a schematic drawing has been done, the construction plans and permits have been received, and a commitment letter has been received from a lending institution for the debt financing’ required. We have also attained 50 percent of our goal for the stock: purchase and are proactively seeking ; to obtain the final 50 percent need*' ed. 3 As a result, a substantial chal« lenge does remain before we can" move to breaking ground on the project. The David Capital board ofi directors remains committed and weT are continuing with our initiative td; complete the cafeteria project with!' excitement and the expectation that.7 with the help of a few large investors, other funding sources anck partners, EastSide Cafeteria wilt soon be a reality. We continue to need the support and prayers of the community as wet initiate this final drive to bring the' dream of a cafeteria and communi-' ty-owned economic developments effort to fruition. We urge you to invest in the cafeteria. If you have' already purchased stock, consider’ making another investment. To pur*-- chase stock, please contact our of office at 723-1733. J Rev. Dr. Joseph Jones, Chairman,^ David Capital Inc. \ pital Inc. iwyers, and other pro- '*l(aancial institutions, companies, insur- ies, eating places, a I ;e, schools - 50 years 7 Winston community ' and involved commu- business owners and ,In fact, the Winston- -American communi- 7 ted as one of the lead- epreneurial centers of 2ver, we are a commu- indergone substantial any facelifts over our ragile and traumatic tie economic currency rarian industrial com- On of the post-indus- !> to the integration of fi 'a d 4 //
Winston-Salem Chronicle (Winston-Salem, N.C.)
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Dec. 21, 2000, edition 1
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