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Partners for Growth Awards grants to entrepreneurs.


Partners for Growth, an alliance between the American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of  Institute of CPAs and AT&T Capital Corp. to promote small business and social responsibility, has awarded a total of $100,000 to entrepreneurs in Baltimore Baltimore, city (1990 pop. 736,014), N central Md., surrounded by but politically independent of Baltimore co., on the Patapsco River estuary, an arm of Chesapeake Bay; inc. 1745.  and Detroit whose fledgling businesses will improve the quality of life in their commumities.

Partners, begun in 1994 as a pilot program (see JofA Feb.95, page 16), helps small, socially conscious business owners start or expand operations by providing grants (from AT&T) and up to one year of free business advice (from local management consultant members of the AICPA AICPA

See American Institute of Certified Public Accountants (AICPA).
).

A task force made up of representatives from AT&T Capital and the Institute's management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business
service industry - an industry that provides services rather than tangible objects
 services division selects the winners from scores of applications it receives from companies in ethnically diverse cities that have shown a commitment to community renewal. In Baltimore, the AT&T Capital-AICPA task force included co-chair R. Christopher Rosenthal, William Dryden, Helen Holton, Philip Lange, Ed Raskin and Kenneth Seal. Members of the Detroit task force included co-chair Judith Trepeck, Eugene Brazeal, Vicki Elmer, Barry Lefkowitz, Richard Segal and Bob Sher.

Providing services to young and old

In Detroit, owners of three businesses received grants:

* Annetta R. Hewitt will use her $25,000 grant to help fund construction of HOOPS!, 24-7, Inc., a basketball facility that will be open 24 hours a day, 7 days a week and offer innercity youngsters a clean, safe, affordable place to play.

* Lynn M. Smith and Michael A. Griggs will open the Black World Bookstore and Cultural Center and Kafe Kemet with the help of their $15,000 grant. The center will offer products, books and videotapes as well as art exhibits and guest lecturers.

* With his $10,000 grant, Derek S Derek is a male name of English and Old German origin, possibly derived from the Old German Theodoric,[1] meaning power of the tribe or ruler of the people. . Gideons will expand his Envirolytic Group, a company that offers environmental consulting Environmental consulting is often a form of compliance consulting, in which the consultant ensures that the client maintains an appropriate measure of compliance with environmental regulations.  and testing services. The company employs and trains young people to pursue careers in science.

In Baltimore, four business owners received grants:

* George Hall George Hall may refer to: People
  • George Hall (bishop), bishop of Chester 1662 to 1668
  • George Hall (New York) (1770–1840), US congressman
  • George Benson Hall (1780–1821), naval officer and Upper Canada politician
, president of Tico Enterprises, which manufactures wood products sold in specialty stores Noun 1. specialty store - a store that sells only one kind of merchandise
shop, store - a mercantile establishment for the retail sale of goods or services; "he bought it at a shop on Cape Cod"
, will expand the company with his $20,000 grant. Tico employs young men and women with a history of drug problems and offers them the opportunity to become part-owners of the company and work in a variety of managerial capacities.

* Wilbert Epps, head of Wilbert's Construction Company, will use his $20,000 award to expand his business, which buys and renovates vacant private residences and sells them at an affordable price to low-income families or to the city. The company employs young people from the inner city and trains them to do home repair and renovation.

* Pamela Mitchell Mitchell, city (1990 pop. 13,798), seat of Davison co., SE S.Dak.; inc. 1881. Mitchell is a trade, distribution, and shipping center for a dairy and livestock area.  received a $5,000 grant to launch Moving On, a business that helps senior citizens handle the details of relocating to retirement communities or health care facilities. She will use her award to purchase needed office equipment and to advertise.

* Norman Kashmer will use his $5,000 grant to operate adult day care centers in local houses of worship. His business, Companions Healthcare Company, provides health, social and other support activities. Kashmer expects the centers to create approximately 40 new jobs in the community.
COPYRIGHT 1996 American Institute of CPA's
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Journal of Accountancy
Date:Feb 1, 1996
Words:518
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