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The Miami News from Miami, Florida • 53

Publication:
The Miami Newsi
Location:
Miami, Florida
Issue Date:
Page:
53
Extracted Article Text (OCR)

WA I II I I I Black businessmen see a banner year, DENISE L. STINSON executive director of the organ! Miami Nova sport? Von. "We're really about edu executive director of the organiza Von. "We're really about educa ganiza educa businessmen Black IT COULD MAKE MORE SENSE TO YOUR REAL ESTATE AWAY THAN TO KEEP Ill Donations to recognized Religious Corporation can be structured to meet your needs. Improved to unimproved, distressed or negative cash flow.

Encumbered or not. Anywhere in the Americas. Call David Bernstein. Reg. RI.

Bkr. IT COULD MANE MORE SENSE TO CITE YOUR NEIL ESTATE LIEDICAL OFFICES' OWN OR LEASE CORAL GABLES 555 ELMORE WAY SOUTH MIAMI 7330 S.W. 62 PLACE NORTH MIAMI 909 N.E. 167 ST. AMERICAN MEDICAL PROPERTIES CALL: 446-8416 LIEDICAL OFFICES OWN OR LEASE BROWARD COUNTY 512 ACRES Zoned Office or Commercial Major throughfore For sale by owner Reply Herald Adv 1843W BROWARD COUNTY 757-5405 Cooperating Brokers Invited.

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IBM plus lots of software and 1 lbs accessories. tion, trying to communicate what is required to participate in economy and how to run a successful Daughtrey said workshops will be expanded from twice to tout times a week. Ile expects 400 busi ness persons to participate in 1985. compared with 20 In 1984. "The-outlook for 1985 is goocl for us," he said.

"There have been several significant moves by thtl county and the state which have irl the long run improved the genera' climate for blacks in business in'l Dade Last year, both the county and the state set goals and establishec set-asides for minority entrepre, neurs. The City of Miami-has supportec minority business development by pledging 35 percent of all construction work on the $93-million Bayside Specialty Center to black firms. The city, however, fell far short of its goal of awarding 2r percent of its procurement and construction contracts to blacks last year. Instead, it awarded only 9.5 percent, or $1.9 million worth. Adrienne Macbeth, special assistant to the city manager, said prospects for black-owned businesses In 1985 'look better, without a question." She said her office has become more sensitive in the last year in its choice of which projects It sets aside for minority contractors.

"We have to get a better handle on capacity," she said. "We're making sure that the projects we set aside can be handled by black' contractors in terms of volume. We don't just set aside for the purpose of setting aside." Macbeth said she has also noticed an effort on the part of largl er minority businesses from across the country to "fill in the gaps" where work is needed but cannot be done by a smaller local company. "Many of them are forming joint' ventures and limited partnerships' with the smaller local Help to black businesses by Miami Capital Development which was established after the 1980 riots in Liberty City as a non-profit lending source to help redevelop and increase black businesses, was evident last year when the organization provided 000 to help finance the Super Save Supermarket, the first black, owned and operated supermarket in Overtown. Many feel that- the willingness to participate in set-aside programs is due partially to a state ordinance that gave approval in July 1983 for municipalities to set aside up to 10 percent of procurement contracts for blacks.

Despite those advancements. said Milton Vickers, director of the Dade County Office of Minority Business Development, black businesses cannot survive by government contracts alone. Vickers said that what Is needed now Is a commitment from the corporate sector to support black te what In thi: a sucops wil' to tout DO busi In 1985. Is gooc ve been by tht have ir genera. ness in ity and kblishec Itrepre pportec lent by II con-million black fell far ling nt and blacks ed only worth.

LI assisd prosinesses bout a ice has he last irojects cts we black olume. he purist) no-larg-across gaps" cannot Joint erships anies." by MI: er the as a The economic slice of the pie got biggerilast year for Dade COUnty'S black-owned say many local black entreprenuers, it looks as If this year it mill get even bigger. "I see 1985 as a banner year for black businesses here," said Edward King. former president of the predominantly black Miami-Dade Chamber of Com-' merce. Boosted by programs and institutions such as the Business Assistance Center, Miami Capital Development Inc.

and Peoples National Bank of Commerce Dade's only black-owned bank the number of black businesses In Dade County Increased in 1984. "In August 1983, there were 150 businesses owned and operated by blacks in Dade County," said Purcell Dixon, Interim director of Dade County's Minority Affairs Department. Dixon said that although official figures for 1984 would not be compiled until August, his guess Is that the 1984 figure would be about 25 percent higher. Dixon attributes much of the Increase to the relocation of blacks from the North. "There's a steady stream of blacks moving here for Jobs and to begin businesses." he said.

"There are some dollars in South Florida, especially In the tourist trade. 1 have received several inquiries in my office from blacks who are Interested in tourist development activities." Dixon said that although black businesses still represent less than 1 percent of those in the county. the increase should not be taken lightly. "That Is a significant Increase," he said, "especially when you take into consideration that 5 to 6 percent of those businesses operating in 1983 went out of business in 1984." Although Chicken George, a black-owned fast-food chicken franchise brought to roost in Liberty City last October, closed its. doors around the first of the New Year.

part owner and former city attorney George Knox said it Is only temporary. Although Knox said sales were "far beyond the restaurant was closed because he said all of his profits were going toward operating costs. "This was a learning experience for me," he "We had made application for loans as far back as June (1984). We had been encour4 aged by the lending Institutions but denied six months later, which made it necessary for us to start the application process all over." Knox says he expects to obtain operating capital from a local bank within the next several weeks and hopes to have the restaurant open again by the end of this month. Mistakes, such as the one that Knox and other Chicken George investors made.

are the types of things the Business Assistance Center works to help black busi- nessmen In addition to lending about S400.000 to six businesses last year. the center plans to expand its Entrepreneur Technical Institute, which provides technical assistance to black businesses. "Money is really not what we're all about." said Newall Daughtrey, CPullmt With the Online COMPUTERS PLUS Credit Card. you GAN put 10 down and pay monthly on your system. Ask for details.

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163rd Street. North Miami Beach 13051944-1500 de 2 0 2 a) 2 Id like to see banking and nancial Institutions In this county i make a commitment to develop some sort of a high-risk money. lending fund." Vickers said. "I'd also like to see the corporate sector here make an effort to award all types of contracts to black a' businesses." COMPAa SALESSERVICETRA- MING Most major credit Ca accepted. I ..0 -mlo r'.

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Pages Available:
1,386,195
Years Available:
1904-1988