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Detroit retirement systems participate in successful recapitalization of Rivers Casino

DETROIT—The General Retirement System of the City of Detroit and the Police and Fire Retirement System of the city of Detroit (Detroit Retirement Systems), announced that they, along with other existing investors including the gaming affiliates of Rivers Casino Chairman Neil Bluhm and Walton Street Capital, have participated in a successful recapitalization of the Rivers Casino located in Pittsburgh.

Last Updated on Monday, 03 December 2012 19:28

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Business Calendar

Government procurement

JUNE 9—The Small Business Development Center of Saint Vincent College will host “Grow Your Business Through Government Procurement” from 9 a.m.-12 p.m. at 300 Fraser Purchase Rd., Latrobe. This free half-day seminar will give participants the opportunity to hear from government agencies and prime contractors on how to do business with their organizations. For more information, call 724-537-4572 or e-mail abdc@st­vin­cent.edu.

Last Updated on Monday, 03 December 2012 19:28

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Wright succeeds Michel as president of NMSDC

Joset B. Wright, a former procurement executive, has been named president of the National Minority Supplier Development Council. Wright will succeed Harriet R. Michel, who will retire June 30 after 22 years at the helm of the corporate membership organization.

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JOSET B. WRIGHT

“We are pleased to have a leader of Wright’s caliber as the next president of NMSDC,” said Richard A. Hughes, chairman of the NMSDC executive committee, who led the national search committee. “Her executive experience, knowledge of procurement and strong understanding of the value of minority supplier development will be instrumental in NMSDC’s expansion.”

Last Updated on Monday, 03 December 2012 19:28

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Business Opportunity Fair considered best one yet

For 33 years, the Western Pennsylvania Minority Supplier Development Council, formerly the Pittsburgh Regional Purchasing Council has sponsored the Business Opportunity Fair. This year the 34th annual confab was predicted to be one of the best Opportunity Fair events hosted by the WPMSDC.

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LET THE SHOW BEGIN—Affiliates of the Western Pennsylvania Minority Supplier Development Council cut the ribbon to start the Business Opportunity Fair at the entrance of the Monroeville Convention Center.

Emphasizing the focal point of the organization and conference, Gary L. Evans, chairman of the WPMSDC board, pointed out that the purpose of the day was for participants to make new contacts and connections.

“Today is about building business relationships between minority-owned businesses, major corporations and public agencies,” he explained.

Last Updated on Monday, 03 December 2012 19:28

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Business leader Haysbert dies

BALTIMORE (AP)—Raymond V. Haysbert Sr., whose Parks Sausage Co. became the first Black-owned business in the U.S. to go public in 1969, has died at 90.

He died May 24 at Union Memorial Hospital in Baltimore after suffering from congestive heart failure, his son Brian Haysbert said May 25.

Haysbert
RAYMOND V. HAYSBERT SR.

Born in pov­erty, Haysbert later became a member of the famed Tus­kegee Airmen, serving in Africa and Italy in World War II before settling in Baltimore. There, he joined the company started by Henry Parks that became well known throughout the northeast by advertisements featuring a hungry boy asking, “More Parks Sausages, mom, please!”

Last Updated on Monday, 03 December 2012 19:28

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