? Business Briefs Re warding achievement Owners of six small c ~ * '? businesses recognized ; tvinsujn-^aicm ? Six out standing small business owners who hwve contributed to the economy through Their" business accomplish ii)cms during the past year were hbnorcd May 9 during Small Busi ifcss Week. T hese small business ctvvners and their awards include, ifemes McCormick of Dolphin I^ight Services. Entrepreneur of the ^ear; Paula Stump of P.R. Stump a>id Stuff, Female Small Business person of the Year; James Gilliam ijf Triad Pest Control, Minority Small Business Person of the Year; Michael Grace of Salem Technolo gies, Inc., Start-Up Business of the Year; Rick Marion of Cannon and Company, Small Business Advocate ' Small Business Person of the Year" by the State. Bill Dowe has been named Small Business Advocate of the Year by the State. With the Small Business Technology Devel opment Center, he was the local Attorney Michael Grace Small Business Advocate of the Year for 1990. The eight awards were present ed on Thursday, May 9, at the 1991 Small Business Awards Presenta tion sponsored by the Business Assistance Center (BAC), a branch of the Greater Winston-Salem Chamber of Commerce. The meet ing, which was held at Stouffer Winston Plaza Hotel, began at 7:30 a.m. with breakfast. The hour-long program began at 8 p.m. Joe Dudley, founder and chief executive officer of Dudley Prod ucts in Greensboro, was the speaker for the event Michael O'Callaghan, director of Small Business Admin istration in Charlotte, presented the two State awards and last year's winners presented the six local awards. Also on the program were Winston-Salem Mayor Martha Wood and Garry Avram, the Cham ber's vice chair of Small Business. Small Business Week is May 6 10. In addition to the breakfast, a seminar on "Fear-Free Prospect ing," sponsored by the Small Busi ness Center, is being held on the West Campus of Fo syth Technical Community College from 1:30 - ? M? B8? MBSfef Ail Jamts Grace 4:30 p.m. The BAC opened on April 3, 1989, at the F. Roger Business & Technology Center (BTC)r located at 1001 South Marshall St. The BAC initially was funded by a $100,000 grant the BTC received from the Appalachian Regional Commission. The Chamber of Commerce now provides funding and staffing for the clearinghouse. The Greater Winston-Salem Chamber of Commerce is a leading business organization in Winston Salem and Forsyth County, repre senting more than 2,000 area busi nesses which are committed to increased economic development in the region. It works to promote a better business environment and offers services to strengthen existing busi nesses, to encourage small business , a James Gilliam creation and growth, and to promote the area as a destination for conven tions and visitors. Black Expo '91 Chuck Morrison, (left), vice president, Coca-Cola USA : ongratulates Jerry Roebuck, (right), founder and : dent, Black Expo USA, Oil r-xpc '9i which premiered at the Qeorgia Wortd ~ "" >t; r in Atlanta. ? Bigelow gets promotion Nicholas A. Daves, Presi dent ami Chief Executive Officer r>r Enterprise National Bank of the Piedmont, announced that Corolla J. bigelow has been pro moted t^jr Credit Administration Officer. Bigelow graduated frdim Winston-Salem State Uni ? *crcit v ? A native of Rlanch, North Caiolinn. she has lived in Win ?ion-Sa!em since 1975. ? She has had 11 years of tanking experience in the Win jtoiVSalcm area. J Enterprise National Bank, r :v- beginning its second year of ? Coretta J. Bigelow operation, reported assets in excess of $21,000,000 at the end of the first quarter. icl 15% home mortgages available ; First lime home buyers in the ?Triad can s t i H obtain mortgage Joans it 8.15 f "r interest as a result j>l' the N.C. Housing Finance J\gCTK y's December bond sale. I Under federal and state Jut horny, the iicency sells tax J:\rfn; -t bonds and makes the pro ceeds available to home buyers Jvith low and moderate incomes. Jt-difH^!butes low-interest Jnortgages statewide through pri vate lending institutions. I Fourteen mortgage compa Jtlfc ?ti the Triad have notified the Jijdncy that they still have 8.15% 3?5ri funds available. '."?They .:irr: in Greensboro, / * Central ^rtiiolina Bank, Centura Rank. Columbia Banking Federal ;>a\m^s. Hist Union Mortgage Corp., Fleet Mortgage Corp., GLL & Assoc. Inc., National City Mortgage Co., NCNB Mort gage Corp., Old Stone Bank of N.C. and Security Mortgage Corp. High Point lenders, are: Centra! Carolina Bank, First Financial Savings Bank Inc., First Union Mortgage Corp., GLL & Assoc. Inc. and NCNB Mortgage Corp.; and, in Kern ersville, Old Stone Bank of N.C. (Ed: in Asheboro, the mortgages are available at Central Carolina Bank and First Southern Savings Bank). * Tht low-interest mortgages continue to be available in 55 towns and cities throughout the state. To qualify, home buyers must not exceed certain income and home price limits, which are tied to area medians. In Davidson, Forsyth, Guil ford and Randolph counties, fam ilies and individuals qualify if their total household income is $34,500 a year or les? The home price limits are $92,000 for a new home and 69,700 for an existing home. The N.C. Housing Finance Agency is a self-supporting state agency created by the General ' Assembly. Since 1973, it has issued $1.88 billion in tax exempt bonds and tax credits, to finance more than 44,000 affordable homes and apartments.. nuteis of Distinction have a name-dropping contest Hotels of Distinction, the com pany that has recently acquired the 300 room hotel, formerly known as Hyatt Winston-Salem, has intro duced a community campaign that involves the citizens of the Pied mont Triad. Members of the local commu nity are being invited to create a new name for the hotel and to sub mit ttfeit flame of choice by entering the Winston-Salem Name Dropping Contest. The hotel is located at 460 N. Cherry Street in Winston-Salem. Those residents interested in entering the contest may do so by filling out and mailing one of the self addressed, stamped official entry forms that can be obtained at the hotel and at any Food Fare store - or by calling 725-1234, Ext. 609. The winning Name Dropper will receive a one week trip for two to Southern California for a vaca tion at Hotels of Distinction's Embassy Suites Hotel located in the Palm Springs area. The winner will check into a spacious luxury suite, enjoy break fast and dinner every day in the hotel's prize winning dining room, plus unlimited swimming and ten nis. Round trip air transportation is also included. Alan Tremain, President of Hotels of Distinction notes, "We are looking for a name that conveys the highest standard of service, quality and hospitality, but most of all it should convey the tradition, her itage and spirit of the community." Designated General Manager of the Hotel, Charles Gray adds, "Wfe want the residents of this area to feel that this is really their hotel and that they play an integral role in shaping its future." The deadline for submitting names is midnight Saturday, May 11. The contest is open to anyone who is interested in submitting a name for the hotel. The winning name will be announced May 15. Hotels of Distinction is an internationally recognized hotel management company located in Palm Beach, Florida. Additional properties managed by the company are located in California, Arizona, Minnesota and Pennsylvania. Mr. Tremain announced the company's acquisition of the down town Winston- Salem property at a press conference held at the hotel mid-March of this year. 1535 Martin Luther King Jr. Drive 788-3020 ** 1 -BdtjOWUAD* 99 - N.C. Lic.#PW967 Watts Termite Control $7500 cidl for details - ? . . Marilyn Gilliam ? Odorless Chemicals Vice President ? Certified Radon Testers ? One time. Monthly or Quarterly Service ? Money Back Guarantee ? Senior Citizen discount Triad Pesti Control ' is offering its customised Pest Control Service for $25?* Inside and out. Excluding flies, fleas, ft wood destroying organisms. Reebok International and the East Winston Community Development Corp Are ? The ? Proud ? Sponsors ? Of Reinyestments in the Community Chamber pledges $150,000 for research "Reinvestments in the Community" is a weekly column appearing in API publications throughout tho USA. Chronicle Wire Report Winston-Salem. -The Greater Winston-Salem Chamber of Com merce's Board of Directors has committed $150,000 to support the operational costs of the Piedmont Triad Graduate Research Institute. The monies will be provided* pend ing approval by the North Carolina General Assembly, of funding for faculty from public universities who will teach and do research at the Institute. - The Chamber's funds will come from a restricted economic development fund which was estab lished a number of years ago through an anonymous gift. "The Institute will improve the community's chances to keep, grow, and attract high technology companies to the region," said William A. Davis U, chairman oi the Chamber. The Institute, which would be based at the Bowman Gray School of Medicine, would draw additional faculty and graduate students from North Carolina State University, North Carolina A&T State Univer sity, and Winston-Salem State Uni versity. Researchers would work in the area of information sciences, specifically as it related to infor mation and image processing in medicine. That includes high speed image transmission, artificial intel ligence, and storing images on computers rather than on film. However, the technology devel oped for medical applications has universal applications in other fields, which transmit or store huge quantities of data, such as banking and transportation. "This is the community's best shot at developing the faculty and pay for operating the institute and $750,000 from the General Assem bly to pay for the faculty and stu dents which will come from the public universities. Wake Forest will fund its faculty and students. The Greater Winston-Salem Chamber of Commerce is a leading The funds to be used to boost graduate students that industry wants to work with," Davis said. "If we put in place world-class fac ulty and students, industries will want to locate nearby to take advantage of the research being conducted." The universities have already endorsed the program, which could begin this fall, if funding can be obtained. The Chamber is 1< the efforts to raise $500,000 year from the local community high-tech medical research. business organization in Winston Salem and Forsyth County, repre senting more than 2,000 area busi nesses who are committed to increased economic development in the region. It works to promote a better business environment and offers services to strengthen existing busi nesses, to encourage small business creation and growth, and to pro^ mote the area as a destination for conventions and visitors.