Box 8, Folder 16, Document 31

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Box 8, Folder 16, Document 31

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SUMMERHILL - MECHANICSVILLE
DEVELOPMENT ENTERPRISE, INC.
STATEMENT OF OPERATIONS

January 23, 1967

On Tuesday, December 26, 1966 the Summerhill-Mechanicsville Develop-
ment Enterprise group, which has been developed primarily by the Summer-
Hill-Mechanicsville Neighborhood Service Center of Economic Opportunity
Atlanta, Inc. became a legal corporation. The general purpose of this
corporation is to provide employment for adult semi-skilled and unskilled
workers who come from the poverty areas of the Metropolitian Atlanta area.
It does at this time include residents with experience that will lead to
management of small businesses, -

The operation of the corporation includes the demolition, cleaning
and boarding-up and renovation and repair of sub-standard housing and
properties. The demolition, cleaning-up, and boarding-up is done in
close cooperation with the appropriate departments of the city of Atlanta
that relate to housing. The renovation and repair operations are con-
tracted from private individuals.

It is anticipated that the work of the corporation will involve de-
molition and boarding-up 41% of the time. The remaining percentage of
the work, being renovation and repair work, should provide work for the
people in the corporation on a full-time, year-round basis. At any time
there might be a slack period, Mr. Charles Holt, owner of the Lane Grading
Company will give them work during that period of time on his company's
payroll. Mr. Holt is a member of the Board of Directors of the corporation.

In planning and developing this project, an organization of residents
from the poverty area of Summerhill - Mechanicsville was formed through the
use of appropriate technical assistance from the different parts of Economic
Opportunity Atlanta, Inc. Skilled, experienced, licensed, and technical
personnel are the workers themselves, and they do posses necessary techni-
cal skills for a successful operation as well as the desire to manage their
own company. Equipment and part of their on-the-job training will be pro-
vided by Mr. Chatles Holt. Mr. Holt is donating his training services to
this corporation, but he will be paid for the operation of his heavy equip-
ment. Other advice and training in the operation and management of their
businesses is being provided by a technical advisory committee (see attached
sheet for members names). Weekly detailed supervision will be given to the
business manager of the corporation by a conmittee from the Atlanta Jaycees,
who will be readily available in a house they have rented in the Summerhill
Mechanicsville area.
Statement of Operations Continued
Page 2
January 23, 1967

The corporation will continue to exist to provide a chance for the
residents of Atlanta pvoerty areas to help them help themselves through
the betterment of their own housing and other living conditions. As the
corporation develops, it will have as a basic goal, the increase employ-
ment of poverty area resident, rather than the maximization of profit.

The support that the corporation has found during its organization
and development has been very encouraging. Many people in Atlanta believe
the general purpose of re-developing the slum areas to be a very worth-
while endeavor that will be welcomed by the city as a whole. The part
that the Summerhill-Mechanicsville Development Corporation is to play in
this has been highly commended. (See attached letters).

With the coupling of the worthy purpose of the corporation, the
ambition and desire of the corporation members and the support of the
corporation from public and private interests in Atlant, the success of
the business is most certainly assured.

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