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FINAST WINS NATIONAL AWARD

 MAPLE HEIGHTS, Ohio, Nov. 11 /PRNewswire/ -- The Business Enterprise Trust (BET) has given Finast Supermarkets national recognition for its entrepreneurial leadership and investment in Cleveland's inner city. At a Nov. 9 breakfast ceremony in New York, Hillary Rodham Clinton praised Finast and four other recipients for specific acts of courage, integrity and social vision in business. Other participants in the ceremony were Norman Lear, television producer; Dan Rather and Diane Sawyer, television journalists; James Lynn of Lazard Freres & Co.; Warren Buffett, chairman of Berkshire Hathaway, Inc.; and Karen Horn, chairman of Bank One.
 Over the past six years Finast has invested 35 million dollars and brought six superstores to Cleveland's urban neighborhoods, creating over 1,000 jobs and spurring new economic development in the process. With a total of 11 inner-city supermarkets, Finast was selected over hundreds of other nominees for demonstrating that "social entrepreneurship is not a matter of 'do gooding' but a compelling competitive strategy" that contributes to both economic and social progress.
 Other recipients of the 1993 awards were Frank Stanton, former president of CBS, for his leadership and far-reaching influence in the broadcasting industry; DAKA International for an AIDS education program; Julia Stasch, for designing an affirmative action program for women in the construction industry; and Jack Stack, for designing a management system based upon employee use of his company's monthly financial statements to improve performance.
 Through video profiles narrated by Bill Moyers, monographs and business case studies about each of the awardees, the Business Enterprise Trust seeks to show interested publics the financial rewards of socially motivated business decisions.
 The Business Enterprise Trust, a national nonprofit organization, was founded in 1989 by television producer and writer Norman Lear, along with leaders in American business, labor, the media and academia. BET showcases specific businesses because it believes that business decisions affect millions of employees and consumers as well as entire communities and that "business values exercise a profound influence on American life and culture."
 Finast operates 38 Finast stores, five Pick-N-Pays and three 3D discount stores in Northeastern Ohio.
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 /CONTACT: Susan Alcorn of Finast Supermarkets, 216-587-7100, ext. 6129/


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Publication:PR Newswire
Date:Nov 11, 1993
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