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NYPA CHAIRMAN FLYNN URGES SUPPORT OF MINORITY-OWNED BUSINESSES

 NYPA CHAIRMAN FLYNN URGES SUPPORT OF MINORITY-OWNED BUSINESSES
 NEW YORK, Feb. 12 /PRNewswire/ -- New York Power Authority Chairman Richard M. Flynn said Wednesday that support for firms owned by minorities and women would help create new jobs and strengthen the economy.
 "We are no longer the uncontested economic Goliath we once were," Flynn said in a speech at the National Minority Business Council's (NMBC) 12th annual awards luncheon. "Other strong economic powers have emerged, such as Germany and Japan. Unfortunately, many people are now looking for someone to blame, but Japan is not the problem and Japan- bashing is not the answer.
 "What we have to do to pull out of this is what we do best -- compete. And, in order to compete, we must fully utilize all of our resources. One of our greatest resources has always been the diversity of our people. And now, more than ever, America cannot afford to be exclusive."
 Flynn appeared at the luncheon at the Grand Hyatt Hotel with New York City Mayor David N. Dinkins. Both commended NMBC and John F. Robinson, its president and chief executive officer, for 20 years of service to the minority business community.
 For their support of minority- and women-owned firms in 1991, Robinson presented awards to Anheuser-Busch Companies Inc., Brooklyn Union Gas Co., Ford Motor Co., IBM Corp., Merck & Co. Inc., Pfizer Inc., Pitney Bowes Inc., and Proctor & Gamble Co.
 "Outstanding Minority Business Awards," recognizing significant growth last year, were presented to Best Foam Fabricators Inc., Chicago,; Ch Passaic, N.J.; Systematic Management Service Inc., Manhattan; Unlimited Creative Enterprise Inc., Brooklyn; and Ysrael A. Seinuk, P.C., Manhattan.
 The New York Amsterdam News received NMBC's Media Award. A special citation was presented to Earl G. Graves, president of Earl G. Graves Ltd., for his achievements as publisher of Black Enterprise. The first annual Heather W. Hinton Community Service Award was presented to Emerson Brown, a sophomore at Manhattan College, for his work with young people and the homeless. In addition to the award, Brown received a $1,000 scholarship.
 The New York Power Authority received the Corporate Chair Award for its joint effort with NMBC last year to help the growth of businesses owned by members of minority groups and women.
 In his keynote address, Flynn said the Power Authority's efforts with the NMBC were especially timely because of the recession.
 "We formed a close working relationship because NMBC could help us continue to locate minority firms," said Flynn. "History has taught us that minority- and women-owned businesses suffer disproportionately during difficult economic times, so it is especially important that our commitment remain strong during this recessionary period."
 The relationship grew out of an "Outstanding Corporate Business Award" presented by NMBC last year to the Power Authority for accomplishments of the statewide utility's Minority- and Women-Owned Business Enterprise Program.
 Since Flynn made helping such firms a major priority when he became Power Authority chairman in 1985, more than 400 companies have received orders from the Power Authority for products and services ranging from office supplies costing thousands of dollars to tanker loads of oil worth several million dollars. The total value of the contracts has been almost $140 million.
 Flynn said the initiative with the National Minority Business Council is "just the beginning of our cooperative effort."
 He said the Power Authority would reach out to minority- and women- owned enterprises this year with contracts valued at a total of more than $94 million and would continue to require all major contracts to include sub-contracts for such firms, which are relatively small.
 Since Flynn became Power Authority chairman, he has done more than open opportunities for minority and women entrepreneurs to grow. Through his "Power for Jobs" program, the utility offers low-cost electricity to companies, regardless of ownership, that agree to create or protect a specific level of jobs in New York State in return for the power.
 More than 100 businesses participate in the program. Many would have reduced operations or moved out of the state without the incentive of low-cost power. For others, the power has been a major inducement to move to New York.
 -0- 2/12/92
 /CONTACT: Brian Warner of the New York Power Authority, 212-468-6317/ CO: New York Power Authority ST: New York IN: UTI SU:


JT -- NY091 -- 9410 02/12/92 16:37 EST
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Publication:PR Newswire
Date:Feb 12, 1992
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