BUSINESS rn/s week
Thursday, May 18, 1989 - THE CHARLOTTE POST - PageSA
Seminar On Money Independence
; "How To Become Financially
independent" Is the title of a re-
sceptlon and seminar to be held
;Frlday, May 19, 6 - 10 p.m. at
•McDonald's Cafeteria (Gold
^oom), 1-85 and Beatties Ford
m
, The seminar Is being presented
by the Financial Independence
institute and Is sponsored by
CMSDC. It will feature Suzanne
;McCUnton a^ speaker.
McCllnton Is the founder of
the Financial Independence In
stitute (FII), based In Chicago.
She established the organiza
tion due to Information she re
ceived from small businesses
through her private practice
McCllnton Management Servic
es.
"I could see the need that busl-
McClinton
ness people and business women
had," said McCllnton. "Our over
all goal Is to assist blacks to be
come self-reliant. Our purpose Is
to educate people on how-to’s In
the area of sm^ business."
FII currently has 1300 mem
bers. The FII has a set of five
rules 1^ which thqr abide:
1. Tiy to get a good education.
2. Secure a gocd Job.
3. Save some mon^.
4. Purchase real estate.
5. Start your own business.
The Institute has an invest
ment club and a travel club In
addition to a credit union and
seminar programs.McCllnton
majored in psychology at the
University of Illinois, went on to
earn an MBA In accounting and
finance at the University of Chi
cago. She became a security ana
lyst and later a portfolio manag
er at First National Bank of
Chicago before starting her own
business In 1981.
The seminar to be held In
Charlotte will offer Information
of the credit union, new car
loans, the travel club and more.
It Is open to anyone considering
starting a business, existing
business owners, employees and
families.
Admission Is $15 at the door.
Call the CMSDC Headquarters
In Charlotte at (704) 372-8731
for more Information.
Ron Brown To Address BEEP Meeting In Atlanta
The 20th Anniversary Seminar
of the National Urban League's
Black Executive Exchange Pro
gram (BEEP) meeting In Atlanta,
GA, June 13-16 at the Atlanta
Marriott Marquis Hotel will fea
ture an address by prominent
attorney Ronald H. Brown as
well as other leaders In educa
tion, business and Industry.
Brown, a former vice president,
Washington Operations of the
National Urban League and the
recently elected Chairman of
the Democratic National Com
mittee, will be the Thursday
night, June 15, Awards Banquet
speaker at 7:30 p.m.
The seminar will bring togeth
er business and Industry lead
ers, people from the academic
world and corporate volunteers
known as "BEEPERS" who have
been Involved with the program
over the past 20 years preparing
students at historically black
colleges and universities for
successful careers.
"The Corporation and the
Campus: Strengthening the
Ties" Is the theme of the seminar
which will officially begin Tues
day night, June 13, at 6 p.m.,
with the keynote speech by
John E. Jacob, president and
chief executive officer of the Na
tional Urban League. Pre-
seminar symposia and work
shops will be held earlier that
day from 1:30-4:30 p.m.
BEEP evolved from a summer
fellowship program in the late
1960s with African American
students who were concerned
about how they would be re
ceived In the corporate world.
The first BEEP program. In
1969, began bringing African
American leaders out of indus
try and onto campuses of his
torically black colleges.
Since Its Inception the pro
gram has sponsored over 2,000
volunteers at black colleges and
universities throughout the
coimtiy. Renee DuJean Is the di
rector of the National Urban
League Black Executive Ex
change Program.
Among other key participants
'Torget The Mule, Just Give U» $40 Billion": 60-year old De
troiter Raymond Jenkins, a real estate agency owner, has been
pressing for years to see blacks compensated for their forced la
bor In this nation at the hands of white slave owners, and for
years, people laughed at him. But not an5miore. Just last month,
Detroit's City Council passed a resolution urging Congress to es
tablish a $40 billion education fund for black Americans. This
week. Rep. John Conyers will Introduce a reparations bill on the
behalf of black Americans. By all accounts, a groundswell move
ment Is In fact developing across the nation In major U.S. cities
like New York, Los Angeles, Baltimore and Washington.
Oordy Keeps Pace: Last year's sale of Motown came amidst
charges that trend-setting record pioneer Berry Gordy, Jr. was
selling out a black American institution to corporate white
America. But today. It appears the move has paid off for Gordy
who heads the list of the highest grossing black-owned firms In
California, and the Gordy Company makes Its debut as the na
tion's flfth-largest black-owned firm. (Ironically enough, Mo
town held the number five slot just last year, posting sales of
$100 million). Credit the bulk of Its 1988 revenues to the sale of
Motown (for $61 million) and the success of its TV mini-series,
"Lonesome Dove."...Meanwhile, Black Enterprise Magazine's lat
est (annual) ranking of the nation's largest black-owned firms
reveals that the majority of the country’s most successful black
entrepreneurs make California and New York their home.
Surveying The Nation's Richest Cities: The posh Connecticut
suburbs of Bridgeport, Stamford, Norwalk and Danbury made up
the nation's number one metropolitan area for 1987 per capital
personal Income boasting an average Income of $26, 316, accord
ing to the U.S. Commerce Department. Rounding out the list of
the nation's top ten cities per capita personal Income are San
FrancIsco-$24,593; Bergen-Passalc, N.J.-23,040; Middlesex,
N.J.-$22,783; Nassau-Suffolk, New York-$22,001; Washington
D.C., Maiyland-$21,539; San Jose, Calif.-$21,510; Anaheim/
Santa Ana, Calif.-$21,444; Lake County, La.-$21,432; and West
Palm Beach, Fla.—$21,246. Among the nation's poorest cities
(with the lowest per capital personal Income) was El Peiso, Texas
at $9,484.
Rounding out ths nation's top-rated hlack-owned
on the west coast are Harold ft Bell's and Aunt Klzzy*s, both locat
ed In Los Angeles. Aunt Kiz^'s, which is owned and operated by
husband and wife team, Adolph and Mary Dulan, does big busi
ness In LA's exclusive tsarina Del Rey. The pair who parlayed
their success from a hamburger stand they opened In South-
Central Los Angeles, say that the two things that kill black re
staurants are a lack of capital and "bad service. Said Dulan;
"they really don't know how to have friendly, efficient service,
and no bad attitudes. You've got to have service that Is equivalent
to the finest restaurants open, and that Is my competition." In
fact, he sajrs he Is not In competition with other black eateries.
'There are eight million black people in Los Angeles county.
Harold & Bell's can't feed them all and neither can I."
Executive Turntable: Ron Townsend, president and general
manager of WUSA-TV In Washington, D. C., has been appointpH
president of Gannett Television. Gannett, which publishes
USA Today, owns 10 TV stations. Townsend Is a 30-year broad
cast veteran. In Short: Los Angeles Mayor Tom Bradley admitted
to "an error In judgement" In the wake of four Independent Inves
tigations Into his financial dealings. The probe centers on his
acceptance of funds to serve on the advisory board of two banking
institutions, that held city accounts... Next week: A look at the
nation's fiistest-risiag Uack entrepreneurs.
at the 20th Anniversary Seminar
will be GUroye A. Griffin Jr., cor
porate vice president, employee
relations, Bristol-Myers Com
pany; Barbara Reynolds, edito
rial board/editor, USA Today;
Christopher F. Ekiley, president
and chief executive officer. Unit
ed Negro College Fund; and
Donald L. Miller, vice president,
employee relations, Dow Jones
& Company, Inc.
To register In advance contact
BEEP, National Urban League,
Inc., 500 East 62nd St.. New
York, NY, 10021 or phone 212-
310-9195. On-slte registration
for the seminar begins Tuesday,
June 13, and continues through
Thursday, June 15, from 9 a.m.
to 5 p.m.
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