Independent from Long Beach, California on February 27, 1969 · Page 21
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Independent from Long Beach, California · Page 21

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Location:
Long Beach, California
Issue Date:
Thursday, February 27, 1969
Page:
Page 21
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DUDLEY'S FRI., SAT. SUN. Whirlpool Deluxe 15.1 Cubic Foot "NO-FROST" 2-DOOR REFRIGERATOR-FREEZER With ICEMAGIC® AUTOMATIC ICEMAKER Replaces every cube you use automatically 15.1 cu. ft. of storage space with Cantilevered shelves, super-storage door,, twin crispers and Jet-Cold® meat pan. True NO-FROST means you never have to defrost refrigerator or 187-lb. capacity freezer. A-M-INDEPENDENT (AM) PRESS-TELESRAM-^M) LMM iMdi, Cam., Tlwn.. *·». V. TWIN REFRIGERATOR-FREEZER No defrosting ever in freezer or refrigerator. Huge 226 Ib. No-Frost freezer and big capacity refrigerator, side-by-side and only 3254" wide. Separate cold controls for freezer and refrigerator. Features roll-out freezer basket and Jet-Cold® meat keeper. $ 358 Free delivery! Installation! 1-Year Free service and 5-year warranty on sealed refrigeration system. FREE INSTALLATION OF ICEMAKER. USE DOOLEY'S LOW, EASY TERMS Take 12, 24 or 36 Months to Pay Mart S 0 75 IONG«H. .8 LlflD Mon Fn 9 to 9 - Tucs., Wed., Thurs., Sot. 9 to 6 SUNDAYS 10 to 5 .6-MILLION 'JOBS' COMPLEX MEANS NEW HOPE FOR WATTS Our International Bureau The Nixon administration s investing $7.6 million in ivhat will be the largest ndustrial park in the Watts area of Los Angeles -- where scars still are isible from large-scale legro rioting in 1965. The project, a Wednesday announcement said, 'will produce goods and obs and hopes." Celes King, head of the Los Angeles chapter of | :he National Association 'or the Advancement of Colored People, praised the plan as a partial answer to the crucial prob- em of jobs in the Negro community. "Unemployment is our ;reatest problem," he said, "the unemployment rate in Watts is 10 points higher than the national average." * * * * THE PARK, to be developed by the nonprofit iconomic Resources Corporation, a biraciai group of businessmen, will be located at the easternmost part of the South Central Los Angeles community ?nown as Watts-Willow- irook. Secretary of Commerce VTorris H. Stans in Washington said the 34.5-acre site is now occupied mostly by junkyards and "other facilities of little economic value." He said the project will not require any residents to move. King noted in Los Angeles that several similar plans previously proposed would have meant relocation of residents. ''Most people in the community will applaud this move," he said, "because it does not displace people." The Aerojet G e n e r a l Corp. was the first major firm to launch a business enterprise in Watts after the 1965 riots. Its Watts manufacturing company is located in the center of Watts. * * * * AEROJET President R. I. McKenzie praised the new industrial park plan, saying: "A partnership of government and private industry is the best approach. In our opinion, private industry can best provide meaningful jobs for the residents of the ghettos and give these citizens the chance to break out of the poverty cycle. "But industry cannot do the job alone," he added. "It is very difficult and very expensive to start a ghetto plant from scratch and bring it to a sound operating level. With some special financial help from the government, we think it will work." Jay Jackson, director of t h e Economic Resources Corporation office in Los Angeles, said clearing of the land would begin within 45 days. Funding of the program was called by the Commerce Department "a new approach to meeting the pressing needs of aging, compacted urban areas." * * * * THE P R O J E C T was announced at a Washington press conference at which the Lockheed Aircraft Corp. signed a lease with the corporation for a 6.5-acre section on which the firm will construct a $2-million parts plant that will hire and train 300 persons within four years. The Commerce Department's Economic Development Administration is lending the corporation $3.8 million for development of the industrial park and a matching $3.8- million grant from the Office of Economic Opportunity will be used by the corporation for low-interest loans for businesses in the area and for social- betterment activities. Corporation presidenl Richard Allen, who signed a 25-year lease with Lockheed president A. Car] Kotchian, estimated that the industrial park will create 2,400 jobs by the time it is fully developed during the next 5 years. Of the Commerce loan, $2.8 million is being made available immediately and the balance is being held in reserve. The amount al- loted Wednesday will go for: --A $755,000 program clearance, including access roads, grading and utilities. --An $808,000 sevice center to include space for training, administration, health and community services. These will include an auditorium available for use by groups in the vicinity. --A Si-million complex of buildings available for use by commercial and light industrial enterprises. The site is bounded by Alameda St., Imperial Hwy., 124th St. and Mona Blvd. and is within the cities of Compton and Lynwood as well as unincorporated territory. Allen expressed confidence that his corporation's industrial park and other activities will provide a "catalyst for the economic recovery" of the Watts- Willowbrook district. ^ M Every time you come InlCi At over 3000 Stendird Stations Participating Chevron Dealers NO PURCHASE NECESSA . LICENSED DRIVERS ONLY · TM * * TM - NO PURCHASE NECESSARY CALIFORNIA FEDERAL SAVINGS Describe a young family who have a California Federal 5.25% Savings Account and pay cash for everything (almost). Opportunists! Th«e young folks play it very cool. They pay cash for almost every big-ticket item to avoid high interest carrying charges. Their California Federal savings account keeps them ready for money-saving, money-making opportunities. The really good buys. Investment opportunities. And some day, maybe, a business of his own. When your big breaks come along, be ready! Open a safe savings account at California Federal, the nation's largest federal. Start it today--and choose your rate: 5.25% Bonus Account: (Available in multiples of $1000.) Earns Vi% bonus each year above regular passbook rate when held 3 years. 5.13% Passbook Account: 5.13% annual yield on insured passbook accounts when all savings and dividends remain a year, if the 5% current annual rate is maintained and compounded daily for a year. California Federal Savings and Loan Association · 18 Oflii.es · Assets over $1.5 Billion ^""^ NATION'S LARGEST FEDERAL LAKEWOOD-LONG BEACH OFFICE: 5505 CARSON BOULEVARD · 429-5991 PALOS VERDES PENINSULA: 27608 Silver Spur Rd. · 377-6813 Head Office: 5670 Wilshire Boulevard Accounls are insured up lo 515,000 under provisions of the Federal Savings Loan Insurance Corporation, a permanent igency of the United Statei Government

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