Action Industries: A New Approach to Urban Redevelopment and Social Economic Solutions, 1967-01-01 - 1968-12-31

Item — Box: 283, Folder: 24

Identifier: CAC_CC_026_3_285_24_0020

Staff Only

Action Industries: A New Approach to Urban Redevelopment and Social Economic Solutions, 1967-01-01 - 1968-12-31

Action Industries, Inc. is a proposed company aimed at urban redevelopment in a depressed ghetto neighborhood of Los Angeles. The company plans to issue Class A and Class B common stock, with Class B stock allowing Project Action to have voting rights. The company plans to raise funds through the sale of stock and offer a special preferred stock issue to raise approximately $500,000. Project Action, a nonprofit organization, will hold a majority stake in Action Industries and aims to attract investment from the business and financial community. The company plans to offer a variety of small business services and aims to stabilize the neighborhood and benefit the community.

Dates

1967-01-01 - 1968-12-31

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