Un�. ual is bo om line for
ichigan oppo unity
By S I BJaaDlleB
Capitol News Service
LANSING - ew small and
medium-sized firms ccount for
all net increases in state jobs in
recent years, but the businesses
receive an unequal share of state
contracts. .
Especially small "technology­
driven kick-otIs- are the keys to
economic development and are
much quicker than large firms at
converting research into new
products and services, said Dr.
Herman Koenig, Michigan
State University assistant vice
president for industry assis­
tance.
An increasing number of
these mall businesse are
minority and women-owned
businesses. Michigan has a cer­
tification program with estab­
lished departmental contractual
goals for these businesses.
Still, hite male-owned busi­
n often receive more than
90 percent of tate departments'
contracts. Also, busine e
owned by women receive more
than five times as much as firms
owned by Blac s under the
state's certification program.
In fiscal year 1986 bou $131
million pent by the state on
minority and omen-owned
firms.
About $14 million was spent
with Blac firms by 16 state
gencies, according to a study by
the Department of Manage-
Burger King to
help feed the
hungry
DETROIT - Burger King
Corp. is accepting donations of
non-perish ble food items from
now until Wednesday, Nov. 25,
for distribution to poor families
in the city.
Those who donate will
receive a coupon for a "Free
Fries" on their next visit.
According to Burger King
spo esper oDS, a minimum of
250 Detroit-area families will be
fed.
ment and Budget At the same
time, $74 million was spent with
women-owned businesses. The
rest was divided among other
minority-owned firms.
There also is obviously some
disaimination within the state's
certification program for
minority nd women-owned
businesses, said Rep. Alma G.
Stallworth (D-Detroit) chair of
the Michigan Legislative Black
Caucus.
The $14 million spent with
Black firms was spread over 201
contracts, while the $74 million
dollars spent with women­
owned firms was spread over
236 contracts.
The average contract for
omen-owned businesses to­
taled more than S3OO,OOO, while
Black firms averaged less than
$75,000 per contract.
"State government is
responding to one segment of
the busin community covered
by the certification process, but
it continues to give minimal con­
sideration to the other,"
Stallworth said.
The state departments have
an expenditure goal of7 percent
to minorities and 5 percent to
women.
Stallworth said that most of
the departments have problems
filling the quotas.
The Department of
Transportation's Office of Small
Business Liaison is the only
gencywhich deserves credit for
its minority participation,
Stallworth said. The department
averaged 12 percent minority
and '.2 percent women par­
ticipation.
Public hearings at the House
Economic Development and
Energy Subcommittee on Small
Business will review what a suc­
cessful certification and small
business program can do with
the proper commitment from its
top administrators, Stallworth
said.
-I would like to see more new
small and medium-sized com­
panies in the future," Koenig
said.
THE CREDIT AND LOAN GUIDE
Did you know thM th.,. r. private I d rs who provide
OIns to • mo .nyon with I study job. r .... rl.1S of the p -
son's credit ratl ,
A list of those prlvat. I nd s Is Just • smlll b of the
fin nel.1 sett- .Ip Information in th Just rid guidebook
led: Th Credit And LOIn Gu de.
Also .v.ilable In the Guld.:
* Th. Six B .YI To Rlise Mon y Quickly
* Ho To Rep.lr Your Credit Rating And QUllify For
·or Cred ClrdS In 90 DlYs
* Motivatl Yourself To Finlncill Security
But belt of II. the Guld. Is only $11.95. S nd chee or
money ord to Potomac Associat s. 1377 UK" StrMt, NW.
SUit. 91. • lon, DC 20005.
STRENGTHENING UNCF • To belp make eoll edUcatiOD more frordable for B youth, IU.R.
Nab 0 p ted a 1,50,000 donation to the United egro CoD Fund during the Ebony F hion
Fair in Chicago, on ov. 8. Danny Glo er, center, II· for his tarring role on creen p
on stage at Arie Crown Theater to preside over the ony. Marsball B. Bas , I enlor vi -p I·
dent RJR ablsco presented the cll to VlrgIl E. Ecton, executl vice-p ident of UNCF. Glov·r
urged the audience to support the 42 UNCF eoll that buDd elf-es amon African eri
youth, produce n tionalleadership, and analyze Issu Cl dng the BI ck community. . CoD
Buslnes is Michigan's only UNCF member.
Big profi s to be made as a credi pro
By Robert . Taylor
An estimated 40 million
American adults face major dif­
ficulty getting credit cards, bank
loans, lines of credit and
mortgages because of a poor or
negative credit rating. This
rating or credit profile can
reduce a persons to financial
second-class citizenship in
society so organized around
credit as this one is.
In response to the needs of
the ever growing number of
Americans with spoiled credit
ratings, an entire credit repair
industry has grown up in the last
few years.
Most people are aware of this
industry but only few people
know two other facts:
1) there is a lot of money to
be made helping others repair
their credit ratings.
2) It is incredibly easy to get
started in business (even if it is
just part-time) as a credit repair
consultant or specialist.
CREDIT REPAIR CON­
SULTA TS in cities
throughout the nation are
making from $150 to $500 per
client. And there are already
over 40 million clients with the
number growing each day. In
addition, as a new and generally
unregulated industry, the credit
repair business requires little
upfront investment and very lit­
tle overhead. In order to profit
in this growing field you would
simply need to do the following:
• Acquire knowledge of the
William E.
Iller, II
Counselor&:
Attorney At Law
2111 Woodward Ave
Suite 508
Detroit, MI 48201
313/867 -7245
313/963-5981
Member:
Michigan, i issippi, &
Illinois Bar Associ on
P.O. Box 457
Detroit, MI 48231
basic five or six credit
repair strategies. Secure a
copy of the Pair Credit
Reporting Act and a
couple of other regula­
tions governing the in­
dustry.
• Set up a location in which
to meet clients. This can
be in your home or apart­
ment. And you can avoid
the need for a location by
simply arranging to work
with your clients at their
homes.
• Arrange to have a busi­
ness telephone number
which will be answered
during normal business
hours. This can be ar­
ranged by hiring an
answering service which
should not cost more than
$15 to $25 a month or
simply purchase an
electronic answering
machine.
• Advertise in local
newspapers. These can be
small ads placed in daily
or weekly newspapers.
They do not have to be ex­
pensive but advertising
will be your largest on­
going expens .
AS INDICATED above
credit repair firms and in­
dividuals use just five or six
basic strategies to help repair
credit ratings and enable their
clients to secure major credit
cards and loans. In addition,
they will also normally have a list
of the institutions around the
country which issue secured
credit cards to persons regard­
less of their past credit profile.
This service is necessary be­
cause many of your clients will
be more interested in getting
credit cards than they are
repairing their credit profile.
All in all, a person could get
started making handsome
profits repairing the credit
ratin of others with an invest­
ment of less than $200. Again,
your biggest expense iwll be on­
going advertising. You can't
make money if people don't
know you exist. It would also be
advisable to undercut the credit
repair firms which charge
clients from $200 to $600 for
their services. We suggest that
individuals just getting started
charge clients from $75 to 125.
Just three or four clients a week
will make the venture
worthwhile.
The net result is that you will
be able to make money helping
others.
J. LV CH
& ASSOCIATES
Insurance Planners and Business Consultant
We provide prompt professional service
.. Mar eting Endowment Funding
* Sales Assistance * Financial Plan
* Retirement Planning * Employee Benefits
Call OW!! - 963·8777
Suite 2205 C dillac To er Buildin
Detroit, Michigan 8226
JUA ITA LYNCH, Pre ldent