Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: THURSDAY, April 1, 1993 TAG: 9304010133
SECTION: BUSINESS PAGE: A13 EDITION: METRO
SOURCE: Associated Press
DATELINE: LENGTH: Medium
IN BUSINESS
Chamber picks Hale for business honorStanley R. Hale, president of Southwest Virginia Community Development Fund in Roanoke, has been named Virginia Minority Small Business Advocate of the Year.
Candidates were considered on the basis of their contribution to the advancement of minority business interests.
Hale, a director of Roanoke Regional Chamber of Commerce, will be recognized during the chamber's observance of Small Business Week May 9-15. - Staff report
Buena Vista plant a productivity finalist
The Spicer Axle Division of the Dana Corp. in Buena Vista is a finalist for the U.S. Senate Quality and Productivity Award for Virginia.
The firm is the only Western Virginia finalist selected from 45 applications. It is a contender in the program's private-sector manufacturing category.
Award recipients will be announced at the annual U.S. Senate Quality and Productivity Awards banquet April 22 at the Radisson Mark Plaza Hotel in Alexandria. The awards will be presented by Virginia's U.S. senators, John Warner and Charles Robb. The banquet will follow an April 21 quality and productivity workshop. - Staff report
Police journal said to be unregistered
American Trade Publications, publisher of Municipal Police Officer Magazine and Deputy Sheriffs Journal, is soliciting consumers and businesses to buy advertising to support charitable organizations, but the company is not properly registered, state agents said.
Betty Blakemore, director of the Division of Consumer Affairs, said American Trade claims its money supports a law enforcement agency and families of deceased law personnel, but it has no affiliation with any organization.
She said the state also has been unable to get information about distribution of the magazines. She said people contacted by American Trade should notify her office. - Staff report
Va. shopping malls best lure for tourists
RICHMOND - Virginia is for shoppers, according to an informal survey of vacationers conducted for the state Division of Tourism.
Shopping centers were the most popular attraction visited by tourists to the state from Sept. 1, 1991, to Aug. 31, 1992. Forty-six percent of the tourists said they had visited a shopping center.
Historic buildings, houses and sites were second among attractions, visited by 45 percent of tourists to the state. Discount outlets were visited by 39 percent.
The survey was conducted for the state by National Family Opinion Research Inc., which mailed postcards to 80,000 U.S. households in October. Of the 51,200 responses received, 6,904 said they had visited Virginia during the previous year. - Associated Press
Dominion sets loans for low-cost housing
Dominion Bank will provide $1.1 million in low-interest loans and direct subsidy for five affordable-housing projects - including down-payment assistance programs in Washington, D.C.; rehabilitation of apartments in Richmond; development of apartments in Norfolk and Chesapeake; and conversion of a former hotel into residential property in Newport News.
The funding is through a special program of the Federal Home Loan Bank of Atlanta in partnership with nonprofit housing organizations and public agencies. The goal is to develop or rehabilitate housing of low- and moderate-income families. - Staff report
Apco to redeem 32,500 shares
Appalachian Power Co. of Roanoke said Wednesday it will redeem on May 1 all 32,500 outstanding shares of its $2.65 preferred stock ad a redemption price of $25 per share. The quarterly dividend of 66\ cents per share will be paid separately. Terms of the sinking fund established for retirement of the issue require Apco to redeem 5 percent of this series of 80,000 shares on May 1 each year. - Staff report