Business 24111 CIVIC CENTER DRIVE • SOUTHFIELD, MI • 48034 Israel Approves Training Scheme Move to THE TROWBRIDGE During the Month of June and We'll Move You For Jerusalem (JPFS) — The Israeli gov- ernment approved the implementa- tion of a pilot program for training employees in high-tech industries. In the first stage, some 300-400 people will study for a year, with tuition being given at a variety of levels. Labor and Social Affairs Minister Eli Yishai said the program, which hopes to train 6,000 people over the next three years, "is a great step for- ward in developing Israel's industries of the future." The initial part of the plan will be funded from within the ministry's existing budget. The government will have to consider future funding if the program proves a success. In order to train 6,000 people, the ministry's professional training department says it will need a $30 million budget so that it can func- tion until the year 2000. The logic behind the program is the ever-growing need for new blood in Israeli technological industries. Government economists say the pre- sent shortfall in the work force runs to 3,500 and could double by the turn of the century. A * up to $500 Value — New Residents only For more information, Please call Donna at 248-352-0208 Forest City Management Inc. Apartment Division does not discriminate on the basis of handicapped status in the admission or access to or trearment, or employment in its pro- grams and activities. Equal /Pr Housing/Equal Opportunity Employer iii /74.- on all NEW Passbook Plus, Statement Plus and Classic Checking accounts • fOR THE fIRST 7 MONTHS! 248.338-7700 2600 Telegraph Road BANK ► or 148-351-7700 Bloomfield Hills ► Al 48302 'Annual Percentage Yield is effective as of June 5, 1998. Restrictions apply. Offer is effective for a limited time only and is subject to change without notice. Valid on retail accounts only up to a maximum 5100,000. Interest is earned on any balance and is paid monthly. APY's revert back to the regular posted rate after the initial three month period expires. Call or visit any Flagstar Banking Center for full disclosure There is a S50 minimum balance requirement to open and a S5 monthly service charge if a minimum balance of S500 is not maintained. Passbook and Statement Plus of account parameters. Classic Checking. Accounts. No minimum opening balance requirement. There is a S2 monthly service charge if minimum balance of S1,000 is not maintained. MEMBER FDIC. • IR - 6 6 M AST E R HEATING & AIR CONDITIONING CO. RESIDENTIAL & COMMERCIAL- SERVICE • SALES • INSTALLATIONS YOUR INDEPENDENT DEALER FOR Michael Levey 6/5 1998 130 liTrp:/www.CLOLINK.COM/A1 MASTER LENNOX & BERKLEY W. BLOOMFIELD 788-9073 399-1800 6 4 Send Someone Special A Gift 52 Weeks a Year. Send a gift subscription to M" It's Hard 75 Stop A Vane: N. OAKLAND 682-9090 GROSSE POINTE 882-4870 (248) 354-6620 Investment Center Approves Projects Jerusalem (JPFS) — The number of projects approved for capital invest- ment aid by the Israel Industry and Trade Ministry's Investment Center totaled 126 in the first third of the year, a 32 percent increase from the same period last year. However, the value of the projects, $240 million, dropped 16 percent. The proportion of start-up pro- jects continued to rise in the begin- ning of this year. Most foreign investment in the period was focused on the high-tech sector. Of the projects approved, 58 per- cent are in the tax break benefit track, in which the business operates tax free for two years and enjoys dis- counts for another five years. This is the only option available in the center of the country. In national priority zones, grants of up to 24 percent of fixed assets are offered, much lower than several years ago, when 38 percent was avail- able.