Word: plante
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Dates: during 1960-1969
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...grudge. He is apolitical, and indeed could hardly be otherwise in the volatile Athenian climate. Forced to wheel and deal with the present junta for economic survival, he was last week on the verge of completing a $360 million deal to build a seaport, an aluminum-processing plant (with Reynolds) and a few hotels. Practical-minded Greeks feel that his alliance with a Kennedy will probably improve the junta's image and perhaps help Greece's lagging tourist business...
Similar joint ventures have been set up in dozens of other cities. E.G. & G., the company that triggers atom-bomb blasts for the Atomic Energy Commission, has a Negro-managed subsidiary that is building a metal-fabricating plant in Boston's Roxbury Negro district. In San Francisco, Safeway Stores has rescued a ghetto cooperative supermarket from the brink of bankruptcy, even though the store competes with a Safeway outlet ten blocks away...
Often, white executives pool their assistance. One successful instance is Rochester Business Opportunities Corp., which grew out of a proposal made by Eastman Kodak. R.B O.C. provides technical expertise in everything from plant layout to accounting, has set up a free night class in business management at a local college. So far the organization has helped 24 Negroes to start businesses. Xerox teamed up with R.B.O.C. and a militant Negro organization named FIGHT to establish a Negro-owned company to manufacture transformers and metal stampings. Xerox will buy $500,000 worth of them yearly...
...rounded up 25 other Negro investors to form San Francisco Container Corp, They put up $20,000, then raised another $180,000 from the Bank of America and the Fireman's Fund Insurance Co. Next month, in San Francisco's Hunters Point ghetto, they will open a plant that will make chipboard and cardboard cases...
Pittsburgh's four-year-old Business & Job Development Corp., owned and run by Negroes, has won enough financial support from civic leaders to start an ambitious industrial park in the Home-wood-Brushton ghetto. Last month the nonprofit group broke ground for a $1,100,000 plant that Westinghouse Electric will lease. Westinghouse will install Negro managers, hire about 75 ghetto residents. The development corporation plans a second industrial park, two shopping centers and a ghetto bank...