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Leslie Dick Leads
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D

etroit Mayor-elect Dennis
Archer may get a helping
hand soon after taking of-
fice in January. Leslie
Dick, a Jewish entrepreneur in
Southfield, along with several
community groups, plan to es-
tablish an international enter-
prise zone in up to three areas
in Detroit by the spring of 1994.
Sponsored by the state, the
enterprise zone would wipe out

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state enterprise zone which
would complement a federal em-
powerment zone, if the Clinton
administration does indeed
choose Detroit as one of its mod-
el cities for government invest-
ment," said Mr. Dick, president
of the Leslie Dick Group and AIP
Asset Management, Inc., both of
which are located in Southfield.
"The main thing about our
enterprise zone, which we call

investment over a 10- to 15-year
period. Community groups
which have expressed either
support or interest in the Atlas
Project include the Jewish Com-
munity Council, the Salvation
Army and Habitat for Human-
ity.
Federal empowerment zones
were first proposed by President
Clinton-during his election cam-
paign. While Mr. Clinton has

ATLAS PROJECT

ATLAS PROJECT

Participant Involvement

The International
EnterpriseZone

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trade
barriers for
businesses lo-
cated within the three
regions, which in total would oc-
cupy up to 20-square miles. The
zones would be in southwest De-
troit, and along the city's east-
ern and western borders.
"We're really seeking to do a

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the Atlas Pro-
ject, is that it will be
a public/private arrange-
ment. Our projections are that
the Atlas Project will create
100,000 new jobs in Detroit by
the year 2000."
Mr. Dick said the entire pro-
ject would require $3 to $5 bil-
lion in public and private

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Dec. 10

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Dec. 17

Change

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5

$0.00

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Source: Allen Olender, Prudential Securities,
West Bloomfield.

yet to
select the
six cities
which will re-
ceive such federal funding, De-
troit is believed to be on the
short list for approval, given Mr.
Archer's solid support within
the White House.
Mr. Dick said a federal zone
would complement his efforts in
attracting manufacturing, light
industrial, warehouse and in-
ternational commerce to De-
troit. The Atlas Project would
also seek to develop a commu-
nity bank and a technical and
trade school.
"We're looking to the Atlas
Project to be a catalyst in creat-
ing an environment that is con-
ducive to business, especially
small- and medium-sized firms
like those which flourished dur-
ing the early days of the auto-
motive industry," said Mr. Dick,
a native of Detroit.
"A year ago, I was surprised
to see all the empty buildings in
Detroit, coupled with the demise
of the surrounding communi-
ties. Businesses which locate
within a zone will have a
tremendous advantage over
companies outside the zone, as
they will have access to capital
for business expansion, tax and
wage benefits and access to
highly-skilled workers." ❑