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AMERITECH GRANTS TO BOLSTER MIDWEST ECONOMY

 CHICAGO, Jan. 12 /PRNewswire/ -- The Ameritech Foundation (NYSE: AIT) today announced a series of grants to support economic development programs in its five-state, Great Lakes region.
 Largest among them is a $500,000, five-year initiative to spur community development in Chicago, Detroit, Indianapolis, Cleveland ag and technical assistance to community-based groups working to rebuild their low-income neighborhoods.
 Other economic development projects receiving Ameritech Foundation support are a competitiveness study by the Council of Great Lakes Governors to examine the strategic position of the region in a global economy; and development of resource publications that examine tax data in Illinois, Indiana, Michigan, Ohio and Wisconsin.
 "A strong economy contributes to a fruitful business climate," said Mike Kuhlin, director of the Ameritech Foundation. "By targeting our support to regional economic development initiatives, we're able to help the Great Lakes states work with one another to make the Midwest a more productive place to live and work."
 Support for LISC represents the first time the Ameritech Foundation has contributed directly to the revitalization of urban America's low income neighborhoods. Kuhlin explained that by doing so, the foundation seeks to help bolster major cities in the Midwest.
 "Through LISC's leadership, we hope to do our part to transform distressed neighborhoods into healthy communities," he said. "It's a worthwhile endeavor. LISC has the knowledge, skills and expertise to manage the grant pool that has been established with our support."
 "This generous contribution is critical to providing safe, viable homes to low-income families throughout the Midwest," said Paul S. Grogan, LISC president. "We're delighted to have Ameritech's support."
 The Council of Great Lakes Governors' $65,000 grant will help the group develop an action plan to strengthen the region's competitive advantage into the 21st century. The undertaking is the first attempt by political and industry leaders to examine the region's competitiveness from a global, strategic and sustainable development perspective. A report on the project is expected in the fall.
 The third grant recipient, the Illinois Tax Foundation, will receive $50,000 so it can work closely with comparable organizations in the four other Midwest states to produce "1993 Tax Climate" reports for each of the states. These biennial documents, supported in the past by the foundation, are considered the best available resource for comparative, multi-state tax data. The reports are expected to be released in April.
 Ameritech is the Chicago-based parent of the Bell companies in Illinois, Indiana, Michigan, Ohio and Wisconsin, and several other domestic and international companies providing cellular communications, directory publishing, audiotex services and systems integration. It 1991 revenues were $10.8 billion.
 -0- 1/12/93
 /CONTACT: Steve Ford of Ameritech, 312-750-5205/
 (AIT)


CO: Ameritech ST: Illinois IN: TLS SU:

PS -- NY094 -- 4057 01/12/93 12:55 EST
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Date:Jan 12, 1993
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