Word: inc
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Dates: during 1980-1989
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...TIME INC. MAGAZINES...
...without the least background in business, he founded the TACOLCY Economic Development Corp., Inc., now one of the nation's most successful nonprofit community developers. He did not simply want to build nicer ghetto housing; he wanted to build an economy. "It was real new for us," he admits, "because it was an economic approach to solving problems, as opposed to social intervention...
Take Chris Renner, 26, who helped create Food Partnership Inc. outside Los Angeles. It troubled him that food banks were spending a fortune in transport fees to collect donations. With the help of the California Trucking Association and United Way, he worked out a method for trucks to transport food between donors and food banks when they were returning empty from a long haul. So far, the program has carried nearly 4 million lbs. of food and saved the food banks $55,000 in trucking fees...
...high school that Jordan began a lifelong obsession with basketball shoes. "There is something about new basketball sneakers that makes you feel better and play better," he says. Nike, Inc., was smart enough to exploit that passion. The firm had done reasonably well with its running shoes, but his namesake black-and-red Air Jordan sneakers put Nike on the basketball-shoe map in 1985 and sent its revenues into orbit, helping to generate more than $70 million in sales the first year. During the season, Jordan satisfies the dreams of dozens of admiring fans by giving away a pair...
...TIME INC. MAGAZINES...