Newspapers / Winston-Salem Chronicle (Winston-Salem, N.C.) / Nov. 17, 1983, edition 1 / Page 11
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Iamusen 'Gold' In East From Page A1 center) places number two in sales and they tell me that Family Dollar made a quarter of a million dollars in one or two months. We need to take over the economic development of East Winston, but we can't do it alone." Archia agrees that black people are hesitant investors. But he cites different reasons. I "Black contractors have not marketed their skills," Archia says. "Why? Well, number one, they don't realize how good I they are; second, they don't have the I money to put into a marketing plan or program; and third, they don't realize that, in order to get bigger and better, I they have to market their skills. We have I the skills and the knowledge, but we don't I know what to do with it after that. I "There is simply money to be made In I East Winston, and for a reasonable I profit," he says. White, city executive of Mechanics And I Farmers Bank, says the black developer is out there and interested, but the financial market is not quite ready to invest in the I black man. I "Minority developers need the kind of association that the local government has given others,". White says. "The I foundation support for black developers is not on the same line as with white developers.'' I White says his bank is interested in helping black investors but the amount of help it can offer is limited. "Our size limits us," White says. "A developer would need a larger institution to lead the package and we would be a part of the investment team, like we were with the shopping center." But local businessman Tom Trollinger says the city's banks are not willing to approve large loans to black people; U - UI?ICIUIC| UIBWK9 HOVC It UIIIlCUll llinc trying to get their projects off the ground. "We are fighting the financial community," says Trollinger. "Every time we take the initiative to do somethings we get knocked back." TryHingcralong with,Dr. ^Ch&rjes Kennedy and Simon Johnson, made a request to the Multi-Family Housing Committee of the North Carolina State Housing and Finance Agency for the financing of an apartment complex they proposed to build near the Smith Reynolds Airport. Their application was defied because of what the committee dedned an undesirable location. Yolanda ||j Fjrom Page A10 I nNe | , \b atjthe -businesses you can -? handle, or learn to handle m wfchin a few years. fa our neighborhoods, I smjtll businesspersons are out heroes. Why? Because thifey are the only ones who understand that, when we iftpr hire ourselves, we solve the - unemployment problems in oiif community. ifit all begins when you I learn to control that imptilse to blow your money 5*1 on trivial things. Night From Page A10 L on entertainment nights, special happy hour rates and a key to the club. Though the primary job of Brothers III is to entertain, say McKnight and Campbell, the lounge is also community-oriented. Its newly-created board of directors is handlins such community service projects as raising money for sickle cell anemia research and providing Thanksgiving " baskets for the elderly. The club has also planned tT special appreciation night MM for Winston-Salem State Kaaato Head Football Coach Bill L*?" Hayes. Mm 41 We wouldn't want people to think we're here just to drink liquor," says Campbell. "Most of us have more on the ball than that." Lm. tent Hi Winston "Whenever we go to do something, it is always found 'not feasible at this time,"' Trollinger says. "We are interested, but we can't get the money to do anything." A lack of finance*.Is only one obstacle that keeps the blacks from being involved in major projects, but, according to Trollinger, it's the mator obstacle. Trollingcr says he hopes the agreement made by a consortium of m^jor WinstonSalem banks and savings and loans to provide funding for housing development in Winston-Salem will open the way for black developers. The announcement to provide the money was made the Friday before the $35 million bond referendum vote and was contingent upon the passage of the bonds. "The people have delivered; Now we are just waiting to see who they will be lending the money to," Trollinger says. Johnson agrees that a lack of finances has kept the black investor from participating in major projects, but he says black developers and contractors are involved in some of the smaller projects in East Winston. "A black developer along with the East Winston Restoration Association is' developing a single-family housing project on the corner of 11th and 12th streets," he says. "And a black developer, along with the East Winston Restoration Association and Innerfaith Housing Alliance (a group of churches and others who work to better housing conditions), are working together to convert the (St. Benedict the Moor) convent (on 14th Street) into apartments for senior citizens. But with major projects, they (black developers) have trouble finding money." Johnson says black people also need to team with others to become involved in major developments. "Black developers need to join forces with white developers and become active in seeking federal financingand they have to be willing to take a risk," Johnson says. : Black developer John Duncan9s " partnership with white developers George Carr, Jack ~ Covington and Clinton Oraveley in the Summit Square project is ^what4i~ncedcd. Johnson says. "Why not do it this way?" Duncan says. "There is money to be made in East Winston, but I'm not gonna sit around. A white developer can get the money and I'm getting in on the ground floor." feffeT Kiiliifc M I Mi lLLUJL 111 llliiiiiiiiiiiiiiii?' 30'? JJC wm ***??&"? 1 oo<M'r>?V'i?n>. i w ooNommnew 50c "'' *227 ANACIM <^2gJ2,'?!U!!?tW> 1 . $1 Q7 mKEt AVAILABLE AT ALL IN WINSTON-SALt AND CLEh * n STARSCOPE I ? WEEK OF: NOVEMBER 17. 1983 AQUARIUS - January 21-February 19 You can advance in a professional organisation, but don't ba afraid to ba a bttk aggressive. Rapport wtth older parson deepens Accounting choras raqutra prompt attantlon. PISCES - February 20-March 20 Differences of opinion laad to healthy dabata with family mambar or natghbor Drop-lnt arrlva at your door through tha weekend Writing talants can lestd to profit. ARIES - March 21 April 20 Rastralnt and a mora conservative approach help resolve recant financial difficulties. Nip any work or family problem in the bud ? It can get I q. out of hand very quickly. I 91 TAURUS - April 21-May 22 Romantic relationship becomes less intense and more relaxed. Aiming high helps you realise goals a little ahead of schedule Brand new career opportunity opens up by Tuesday-Wednesday. ucnmi - May 23-June 21 Home improvements art positively accented, but stay within your budget. Time is favorable for taking on part-time )ob Libra or Sagit- HH tarlus can enter the friendship picture now. CANCER - June 22-July 22 Accent Is on continuity ; focus on present tasks rather than starting allnew ones. Strained relationship becomes sweeter when you take the Initiative. Career ednfhet ends amicably LEO ? July 23-Auguat 22 Anonymous suitor reveals Identity and romance in general thrives through the period. Diplomacy Is your present strong point, winning you plaudits In professional and volunteer organisations. VIRGO - August 23-September 22 Thrifty Virgo does about turn, finding It delightful to enjoy new extravagances. Happily, you're blessed by modest financial good fortune. New acquaintance develops Into faithful friend. LIBRA ? September 23-October 22 Shift In roles starts taking place with romantic partner or coworker. If traveling, enjoy surplus of pleasant surprises. In diet and exercise, make moderation your keyword. SCORPIO ? October 23-November 21 Accent is on simplification ? In dress and In decorative touches. Friends go to extremes while neighbors are supportive. Travel planning and educational pursuits favorably spotlighted SAGITTARIUS - November 22-December 22 Partnership dispute intensifies before easing up. Compromise Is the key, but don't give In more than 60 per cent! Long-distance letter or cau offers pleasant surprise. CAPRICORN - December 23-Jenueiy 20 Vitality peaks and you're able to tackle any work chore, no matter how Intimidating. One thing you cannot handle is a showdown with loved one. Bargain hunting favored on weekend. BIRTHDAY THIS WEEK Energetic, passionate, suspicious, mysterious, fair-minded. Quite Imply, you're one of the most complex characters around. Spotlight Is on financial expansion. Your energy proves a great help around midyear, but suspicious nature may be a liability. BORN THIS WEEK November 17th, actor Rock Hudson; 18th, actress Brenda Vaccaro; 19th, host Dick Cavett, 20th, host Richard Dawson; 21st, actress Goldte Hawn; 22nd, actor Robert Vaughn; 23rd, actress Vera Miles. _j y _ | ,* - ? ; w^vr Trekkine Fmnt .AA ? a r w?r? wpv " " Wrinkled and the Michael Jackson looks after realizing that he knows precious little of the art of doing one's laundry. ~ Thus, the fact that he'll be back is definite. Whether he'll survive_while driving his Ford pickup ("Truck Trek?") where no man has gone before we'll have^o see. Beam him up, Scotty. I I I ( I as? 2^sSim!2 I 3^5)0 $1" I fcHOOzl | urucL cki*!^00"ANTACID I TABLITS I 30'? I %ggg H I $1.97 I Ml Da I KEYMID STORES I :M, HIGH POINT 1M0NS. * * Tht Chronicle, Thursday, November 17, 1983-Page All Call Us Now For FREE ESTIMATES On Carrier High Efficiency ft. Gat Furnaeaa, Oil Furnaces and Heat Pumps WgHMMwm Commercial ? Residential We Service All Brands and Recommend Carrier />Heat Pump Specialists LOQAN SB Heating & Air Conditioning Inc. fflM 556 Reynolda Road Winston-Salem, NC m DUAMC f\OA A4C4 rnwnc wtioi tflgnZSarasi JI Bank Rate Financing Available / I ?- llfll ft ^ r ' - ^ ii*-.*JM^j ^t.^' " ? * ,l^lj^^ * v _J[Jf|^^^Br^ ^jlL ^JMrn^ r ~ BACARDI .rum. Ihfi mixabie one. MadK Puerto Rico. ^ \ M;^ : .','w /i i.. .:.':.. .'.>;'. tf*>>ftV. j^:c-.::..;. ????? 1 '
Winston-Salem Chronicle (Winston-Salem, N.C.)
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Nov. 17, 1983, edition 1
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