NO'BlIER 11- BUSINESS FINANCE you type IOd The part 0 : gnod opening festiviti for thi Fortune 500 IOOlpany to sho - its enhanced futwe by in­ vesting . in it If. Th Ouysler Technology Center (CTC). a ling giant c:I a building that · housed lunc.heoo. is a monu- ment eX IICOCC8's. amd Ouy s, dedic . 00 to education. research mel renaissance. • Like Blae America. Owy bid many financial Since Iscocca joined can- · I*lY in 1978. orne days for · OuysJer bave had diamonds and , sane days have been just plain one. Despite the company's past ups IIld downs. I occa in-. sists that. "This technical center , repesents a n culture for ev- I erybody - starting with me." By DANNY COOKS Corre5lpQB� greet canmunity. Even 8 • multi-purpo room couldn't cootain the all t entreprenews. Additional booths lined the h ]Ways. giving Expo th f1 vor of Middle Eastern Baza . Atkinson said all time th t th Expo' t\mout d be hug . "I'm proud to have been a eX it and I 100 forward to SMMB ing off in a big ay aft thi." SMMBA Pre ident Tom Thorton . d 10 a leamed fex' next ye . "We'll be looking fex' larg f cility. ale that's centrally loc ted." Lots of coot acts ere m de and goods sold. Thomtoo ·d. "Merchants ho p icipated felt it w s orthwhil. " A c ual sugge tion in e Iy August by Emma Harris. own of imbl Thimbl tailoring and teration hop. at th South est Michigan Minority Bu in Asso­ ci tion (SMMBA) monthly m t­ ing h exploded into what will undoubtedly becom an annual fix­ ture in Kalamazoo: A BI Busi­ De Expo. LOLA TKI 0 . Expo Com­ mittee Chairperson. d lined to e respon ibility fex' th orderly d pr0- fession I manner in which th wh lming turnout of bus' community residents were h "I couldn't h ve pulled it tog thee without the members of the c:anmit­ tee. especially Li Minott of D & M Wrecking. There were few nights wben she worked ri�t through the night with me. Also. Cathy Oanfw tremendously helpful to making the Expo happen." Atkinson added be­ fore remembering th ev closer to home: "Of course. my husb� and Sal licked stamps until their ebuds were stuc to the roof of their " CLOSI G OUT Minority Bu iness Mooth. th Expo as held in Douglas Community enter. 1000 W. Paterson. between 2:00 and 5:00 p.m. on Sunday. October 27th. Plans called for space to accanmodate perhaps ten or fif­ teen participating Black busine s. . 'However. more than 80 Bl ck busi­ nesses registered. paying $15.00 fex' the opportunity to meet and MANY PEOPLE. seeing th manner in which BI busine were prospering. have since ap­ peoacbed Thornton, encouraged by­ what they w at the Expo. "asking how they can market their own ideas." he said. "Lola Atkinsoo and Lisa Minott did an excellent job. Let's be sure to give credit wh it' due." Thornton suggested. FOR THE first time in its , history. cmysler has grouped all the people involved in conceiv­ ing. develOping and refining Quyslel's car and truck ideas fex' I future success under one roof. In , its belief that it m "educate to , elevate." CbrysJer built the erc , to be the l_gest industrial-tech- nology canplex in the world. One and a half Empire State buildings ex' seven Rose Bowls I can fit in . de the Chrysler Tech­ , DOlogy Center. The erc is big­ , ger thm the Library of Coogress Building. the Capitol •. Treasury and the White House Residence oombined. The building's 70.000 square , foot Education Center cootains 19 classroons. two lecture balls I with tiered seating for 56 persoos I aind a 543-seat auditoriwn. The erc will house 7.000 Chrysler employees by 1993. Qwysler's ultimate goal is to give itself the ultimate advan­ , tage. .The company made its , subStantial investment to slash , the time it takes to develop its , p'Oducts to as little as ttne ye.s , fron\ -four or more. This will I make it easier fex' Clwys1er to oompete withJ apmese rivals that recendy have been reaching the I muet flist with models 000- taining state-of -the-Kt features amd contemporary designs. "We see this center as a monu­ I ment too long-term thing." , Iacocca said. "We spent the • mooey to ensure Chrysler's fu­ ture into the 21st century. This place is our commitment to streogtbening America's indus- I trial base." he added. you must now select your lender. eX financing you are seeking. and You may use your local savings what the lender will charge in the way d 10m (S&L) association. of interest rates and closing costs. S&Ls hav specialized in resi- Most potential homebuyers dentialloans dwiog the past century. should select a lender th t offers a They generally loan to local resi- wide v.-iety of mortgage plms r ther dents. S&Ls often participate in r_� _ _,thm oee'oe two. This provides you -eessing and handling FHA . a greater range of plans from and VA guaranteed loans. which to select. Commercial banks are not a pri- . In last week's issue. we pointed m.-y source for residential real estate out some comparative shopping tech­ financing. since they are not set up to Diques. At this point. we are assurn­ finance loog-term to.ls. However. ing y�u have identified some lenders commercial banks usually process and whose charges and costs are in line issue FHA and V A loans. Commer- with what you want to spend. Now cialloans are a good source foe short- you must consider one additional fac- term. mobile-bane loans. tor. "I DON'T THINK tbC owner of' Mutualsavingsbanlcsoper�telike the pipeline should be able to com- S&Ls. These institutions are owned pete with users of the pipeline," said by private investors and commit a F r T. Weaver, publisher of the Jack- large share of their assets to real es- on Citizen Patriot and president of tate mortgages. the MP A. Credit unions are getting into real like many other business groups, estate lending. In recent years. aedit the MP A is concerned about the issue of cross-subsidization. Al- unioos have expanded frun short- though there is language in the term mortgages. measure that would prevent local service providers from passing the cost of new technology and market­ ing onto their rate payers, many con­ tend that this language is not strong enough. Tho e, like Michigan Bell Telephone, who are for the bill, indi­ cated that the measure's original lan­ guage was more than adequate to prevent monopolistic behavior. "The language passed in the Senate was as strong anti-subsidiza­ tion language as you would find anywhere in the country," said Gary Lytle, vice president of government affairs for Michigan Bell. A .proposed amendment would require that phone companies keep not only separate books for their regulated and non-regulated busi­ ness, but separate staffs and build­ ings as well. AND WHILE THE issue is not a concern for him per onally, Weaver said many newspapers are also concerned about Michigan Bell becoming a major competitor in classified advertising and other in­ formation ervices. . "Tbeir (newspapers') concern is t t customers will call Michigan Be rvices tha1 they now provide either ause it's cheaper of maybe because It's an ea ler phone number to remember-I don't know," he said. Weaver points to the wide variety of adverti ing options currently available as the cause for hi lack of concern. Advertising aside, allowing local service providers like Michigan Bell to re-enter the technology market un­ checked is omething that does con­ cern Weaver. Ma Bell, newspapers tece 'off in fiberoptic fight By LAURA BLAKE C.pIt!l New. S.rvlc. . lANSING-It's a legislative mess as tangled as so many miles of fiberoptic cable. That's what state lawmakers are saying about a highly-debated telecommunication bill that passed the House October 7 following three days of debate and the addition of over 100 amendments. TIle Senate is not expected to ac­ cept the House changes and the measure will go before a joint House-Senate Conference Commit- associations such as the Michigan Pres Association (MP A) against some 36 local service providers. And the bottom line is cost. tee. YOU WILL WANT to choose a loan counselor who is sensitive to your unique needs. will take the time to answer your questions and resolve your concerns. and has a good history of loan closings. The real estate agent that you will be using may help you with this selection. Next week. we will look at the preparations you must take prior to making a formal application. The measure, over two years in the making, pits several statewide MORTGAGE BANKING Compmies originate mortgage loens with Mds belonging to large fina'l­ cial institutions. These oompanies