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South Bend Redevelopment Commission <br />Regul r Meeting - January 18, 1980 <br />7. PROGRESS REPORTS <br />. Janet Allen: You seem to be quite <br />zerned about the economic or money situation <br />ling with the building. <br />DC . Ellison: Mrs. Allen, the fate of the <br />b ilding is still uncertain, it could stay up, <br />o it could be demolished; but we won't know for <br />s veral months. <br />. Auburn: Mr. President, I would like to make <br />a brief report on a conference that I attended in <br />Washington, D. C., because it does have some <br />impact on who might move into Century Mall. <br />. Nimtz: We would be pleased. <br />Auburn: When we first started talking <br />about the concept of Century Mall one of the <br />s ipulations I talked about was the opportunity <br />for locally owned businesses to start or to be <br />housed in the Century Mall, and some skepticism <br />was addressed at that time as to the financing <br />capability or the economics of allowing local <br />P ogle to move in to something like Century Mall. <br />I made a statement that I thought the <br />C mmissioners or some of us should look at ways <br />tc deal with the issue of capital formation <br />d financing of small locally owned enter- <br />prises. Subsequently, I was appointed <br />a a delegate to attend the White House <br />Conference on Small Business and it has <br />Wen the first and largest gathering of <br />small business people in the country. We <br />have formulated sixty (60) options, fifteen <br />(1.5) of which will be given top priority and <br />they were sent to the President of the <br />United States and to Congress. Several <br />of those issues deal with capital formation <br />d capital retention, specifically for <br />small, local owned businesses. Some of <br />the other issues deal with setting up <br />something called a Small Business <br />venture opportunity to get capital <br />financing for small businesses, and there <br />is also an option which deals with direct <br />tax credit for investment in small <br />bisiness. I think, in summary, that the <br />o tions in some of the discussions that <br />t ok place at this conference have an <br />i pact on the future of Century Mall and if <br />-28- <br />REPORT BY MS. AUBURN <br />CONCERNING WHITE HOUSE <br />CONFERENCE ON SMALL <br />BUSINESS <br />