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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Oct 03, 1973
Page
8
Morgan County men and leaders have attracted industry with a favorable climate and plentiful labor. Blue Chip firms occupy large land tracts, leaving limited space for new plants as developers push for profit and diversification. The area attracts firms but runs low on available industrial land.
IDA executive director Mike Roberts notes five industrial parks in Morgan County three public two private Ratliff oldest started 1966 with 155 acres near Southern Railway now 20 acres unused Chamber of Commerce park began 1966 nine investors funded it most tracts sold 1968 1970 leaving 1.5 acres Chamber development centered on Sexton Can Co Southfield a private park led by Prentiss Clark fronts US 31 half of 35 acres available SEPCO Pelham began showers fabrication with Jax Mold Co two years ago about half of the 35 acres available and half sold
The holiday shopping period brings higher shoplifting risk. A loss prevention seminar on Oct. 16 at the city hall courtroom, 8 30 to 11 10 a.m., with a $1 fee, is sponsored by the University of Alabama extension department and the Chamber of Commerce retail committee. Brochures will be mailed to Chamber members. call the Chamber for details.
Women business executives from 12 states gather in Decatur next week for the Southeastern Conference of Chambers of Commerce. More than 150 are expected for the three day event.
The piece notes rising inflation dominating public worry more than Watergate, with analyst Edward I Koch quoting elderly distress. It highlights farm price jumps of 26.1 percent in a single month and a 6.2 percent surge in the price index, exceeding admin forecasts.
Travelers from abroad surged in 1973 with 1.5 million visitors in six months and projected annual arrivals at 3.5 million. Foreign spending, especially credit card use, climbs about 16 percent to 3.7 billion, as the dollar devaluation makes the United States a bargain. Cardholder activity abroad also rises over 40 percent January to May.
The administration faces blame for the weak result as The Federal Reserve Board emerges as a leading candidate. Last month Herbert Stein, chairman of the President's Council of Economic Advisers, argued that monetary expansion in 1972 could have driven the GNP rise in 1973 given the business cycle stage.
TVA has awarded over 1.0 billion in contracts to manufacturers and suppliers nationwide over 40 years, funded largely by Tennessee Valley power customers. States with largest contract totals include Pennsylvania 836 million, Illinois 584 million, and California and New York about 500 million each.
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