Southern Illinois University Carbondale Daily Egyptian Diversity News Archive (Southern Illinois University Carbondale)
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Item IDEgyptian19690527Promotion.tif
Original Publication SourceDaily Egyptian
Digital File Format.TIF (Tagged Image Format)
Digital File PublisherSpecial Collections Research Center, Morris Library, Southern Illinois University Carbondale
Rights StatementAll copyrights held by Southern Illinois University Carbondale. For permission to reproduce, distribute, or otherwise use this image, please contact the Special Collections Research Center, Morris Library, Southern Illinois University Carbondale. Phone: + 1 (618) 453-2516. Email:
CollectionDaily Egyptian Diversity News Archive (Southern Illinois University Carbondale)
TranscriptPromotioii of black busmess
18 topic of meetiiig
Eiionm 10 proinoto black buclACM fll C rboodtU wUl ber tbe b*ckdrop lodjjrfor nvfillng of tbe EciujI Oppor-
lloo (HO[X: ind aa ad boc , cCRioiJiic of imercAtcd cUi- zcn* vrbo hope to ¦iir^ctcapl- Ul tor bUcic'bualnci* 'o iho cJty-
r. ImpcruA for Ihc acilonc^mo m ¦ rcfuli of meoilflg oa mlnorliy bulnetcfl calkd %.UY M by niiooiJ Coremot RIclurd B. Ofllvtc and it- umkd by ftffreral C^rbondjle bucbviimeo.
h(eetfi g It 3 p.m. today eo dlMCUM* poaJblo merfcr with Ibe jU^bUck CODC vlll be
repreeniAtlTcf from fho Urger citizens' iroop, whicb
It beaded by Chirle* J.
Uemer, partner In a Ioc4l
tnvoimem firm.
Tbe ided for the merger came from Nonrell tUynca, UlBon tnibeCarbond^lcModoL Cliks Prd^nm, ^ho karrtcd of tbo group'n pbni lo In- corporaie mi m meeting UbI veek.
, According to MiytKi, when dUciMilofi of bKorporiUofi van riUed, he potmc'd out thai an alreidy Incorporated group xlftCed In Iho HODC.
Lemor named an id boc committee to meet wlih ro| - reMmailYca from [^ODC and Kaynea aald rho mailer of re- flalrig the corporation direc¬ torate to allJ^w for while mem- bora woutd probably be con- aide red.
^ Poprcacnting the buslneif)' mcn'a group will be liana J.
FUcber, cUy co^cUmao tfid amtter ol Fisdnf Aoclang Arcbltecu k Deilpierg; Pot- en J. Elll* Jr, . ot the SIU ^talnogg Retcarch Depan- nieEU, v d CIcfio Swrme ot ttv Carbondale Firsc NaOooaJ Dank,
LenatT aaid fbe (oalv of ibe group are to attraci capital for tOack busUicaaea in C^r- boodaie. lit added thai It ia faoped iiate and fetkral aid will ersDtually be earmarked for aucb progrataa but iboi boalAeaarneo In -Carboodale felt it waa neceaaary to lay the groundwork for such a
pro ea. ,
Haynea, tn a later Intenlcw, lorelled crltlclam ac the local baj^ing community. Accord¬ ing to Flaynea, "There bad
4 lack of cooper adoo oa tho pn of Tbe local bi^ comnniniiy In cbe put."
Ilo aald thsz Mack bpgioeaa* nva bare h^_ eo MCttk caplul from ouul^ sourceg in arcaa like Chlcafo and Kew York wUb tbe oflly proapeci for belp locaUv lo Itiadcquate abon-terin loana.
Hayaea cbaracti^rlTedihe local banking community aa "paraaliea/' ind said he bopca thla latcat effort to pro¬ mote mutua; help bcrwccn tho black and vhlie communliler would bring about change.
According to Haynea, at ieaiET a half ^len black rcal- denia In Carbondale would be able Id aian tbelr own bual- ocG££a if a source of capital wlih low Iniercat ratea was provided.
Some 15 hlack realdenta already own bualn^ssca In Carbondale. Hiyrw* aald, and added thai he expected aomo funda would be avallahle by September.
The ModelCUlc lalaon aald chat "the combining of black and whUe will be a tangible ihlng, even tf nothing more roeulta."
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