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Show Amoco MESBIC helps minority business thrive In 1968, a black entrepreneur approached Standard Oil Company Com-pany (Indiana) with a proposal to start a corrugated-box manufacturing manu-facturing company in Chicago. Standard's management saw the opportunity to develop a new program in which the company , would help minority businessmen business-men get started, then become one of their customers. With help from other major corporations including Sears, Roebuck & Company, International Interna-tional Harvester, and Quaker Oats Company Standard helped help-ed with the capitalization of the box company. With an initial capital investment of $197,500 from Standard Oil, Lawndalc Packaging Corporation was horn. This made Standard one of the first companies in the country to become involved in financing new minority enterprises. " |