Urban renewal aids small Midwest towns with federal aid
In Parsons Kansas Springfield Illinois and Jefferson City Missouri urban renewal uses federal funds to revitalize downtowns and housing. Parsons built a pedestrian mall and plans 150 new affordable homes with 95 percent financing and rehab funds.
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UPI
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Parsons
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Urban Programming Corp. of America
Brentwood Company
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Kansas
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C. Michael Farris
Farris
J. Terrence Farris
Pruitt-Igoe
Boston
Detroit
Chicago
Peoria
Michael Farris
Southeastern
Ohio jobs editor notes early push to lure Honda plant
A three part series recalls Gov Rhodes and James Duerk fast tracking a Japanese auto maker push. Duerk spotted a clipping and within 24 hours the Ohio team immunized, secured visas, and met Honda in Japan. Four and a half days later negotiations began following an Oct 11 1977 milestone.
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Columbus
UPI
James A. Duerk
James A. Rhodes
Duerk
United States
Japan
Department of Economic and Community Development
Jim
Honda
Rhodes Sees Honda Plant Site Near Marysville for 25 Million
Rhodes gathered Honda officials and news media in his cabinet room to announce Honda’s selection of a site adjacent to the Transportation Research Center near Marysville for a 25 million plant to assemble 60 000 motorcycles a year. The project promises 500 immediate jobs and more if cars are produced. Rhodes and Duerk emphasize jobs as a priority while critics say Ohio’s industrial strategy is misdirected despite recent plant acquisitions.
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Rhodes
Honda
Transportation Research Center
Marysville
Duerk
Ohio
Ford Motor Co
Batavia
Montgomery Ward
Sharonville
Cincinnati
Ford
Brook Park
OHLO
John J. Gilligan
Richard Celeste
Robert M. Stuiz
Michigan
Inflation slows construction cycle predicts decline in housing
McGraw-Hill Information Systems Co. updates its 1978 Dodge/Sweet's Construction Outlook noting inflation slows activity. Total construction contracts for 1978 are seen at $147.7 billion, up 6 percent from 1977, but a weaker second half is expected as the cycle tightens and residential building declines.
MENTIONED IN THIS ARTICLE
United States
McGraw-Hill Information Systems Co
Dodge/Sweet
George Christie
McGraw Hill
F.W. Dodge
Society Corp announces 100 percent stock dividend
Society Corp of Cleveland discloses a 100 percent stock dividend on common shares payable Sept 15 to record holders Aug 22. The board also boosts the quarterly dividend to 55 cents for an annual $2.20, up from $2.00. Shares outstanding Will rise to nearly four million.
Area carpenters to vote on tentative pact again
Striking members of the Lake Erie District Council of Carpenters will vote Wednesday on a tentative contract with the Ohio Contractors Association. The two year pact raises wages by 1.10 an hour each year from a base of 10.66, after the contract expired June 1. The union negotiators back the plan and a prior rejection occurred June 27.
MENTIONED IN THIS ARTICLE
Lake Erie
Bancorp Rises to 97th in Nation Among Holders
The Central Bancorporation Inc of Cincinnati, a multi bank holding company, has moved up 13 places to 97th among the 100 largest domestic holding company systems. Its assets grew from about 1.4 billion to 1.7 billion from 1976 to 1977 due to internal growth and two acquisitions in 1977.
MENTIONED IN THIS ARTICLE
Central Bancorporation Inc
Cincinnati
Central Security National Bank of
Lorain County
Market slumps as summit ends with policy calls
The Bonn economic summit ends with plans to accelerate West German and Japanese growth and urge US to cut oil imports. The Dow fell 78 to 839.05 while NYSE advances exceeded declines 3 to 2. Volume 29.19 million. composite index up .10 to 54.92. ASE value index up .93 at 150.85.
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Bonn
West Germany
Japan
United States
NYSE
American Stock Exchange
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By Richard Demby
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