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The INDEPENDENT, January 1,1997
Nw®?s?*ives of tobacco enticing investors to change their choices
When socially
responsible
financial
invocti.c
u?
financial investors became
concerned about investing in
tobacco companies, it was
time for the financial industry
to gather more data about the
question.
pr°!^ membership asso
asso-
non-profit
ciation that promotes the con
cept and practice of socially
and environmentally respon
sible investing.
Results of the study will
help provide institutional in
vestors with information and
options concerning tobacco
divestment, according to
For this purpose, a study
was conducted by the Social
Investment Forum, a national
b
Fishhawk Lake hmkor t ««..
Fishhawk Lake broker Troy
Horton, who assists local in
vestors interested in respon
sible investments as a repre
sentative of First Affirmative
Financial Network (FAFN), a
financial firm specializing in
responsible investing.
“People who apply value-
based investing have realized
Regional economic director selected
.Inffro,,
--------... di
Jeffrey King, <
formerly
rector of Regional Economic
Development for the State of
Massachusetts, has been
hired as executive director of
Columbia-Pacific Economic
Development District Inc., a
non-profit organization estab
lished to diversify and expand
the economic base of Colum
bia, Tillamook and Western
Washington Counties.
“We believe that Jeffrey’s
experience and training will
help make the Columbia-Pa
cific Economic Development
n,Cr
^ an important
----- - -----------
. ...
Disrict
catalyst
in promoting economic devel
opment in the northwest re
gion,” said Michael Sykes,
president of the District.
King, who has ten years of
experience in grant-writing,
economic and community de
velopment, said he was look
ing forward to providing pro
ject support and assistance to
create new jobs in the area.
“I believe that this region
has a lot of strengths, includ
ing a good quality of life,
available land, lower costs, a
Furse schedules local field offices
Ann Richardson, a district
representative for Rep. Eliza
beth Furse, will be available at
the following Columbia and
Clatsop County locations. To
make an appointment in ad
vance, call the Portland office,
1 -800-422-4003. Constituents
may also drop by at the
scheduled times.
Vernonia: January 9 and
February 13, 1997, 3:30 -
4:30 p.m. Vernonia Public Li
brary, 919 Bridge St.
Scappoose: January 8 and
February 12, 1997, 8:30 -
9:30 a.m. Public Service
Building (City Hall), 33568 E.
Columbia Ave.
St. Helens: January 8 and
February 12, 1997, 10:00 -
11:00 a.m. Columbia Center,
Armstrong Room, 375 S 18th.
Clatskanie: January 8 and
February 12, 1997, 2:30 -
3:30 p.m. City Hall, Council
Chambers, 95 S. Nehalem.
Rainier: January 8 and
February 12, 1997, 1:00 -
2:00 p.m. City Hall, 106 West
B Street.
Seaside: January 9 and
February 13, 1997, 10:30 -
11:30 a.m. Seaside Public Li
brary, Discovery Room, 60
Roosevelt.
Astoria: January 8 and
February 12, 1997, 5:00 -
6:00 p.m. Astoria Public Li
brary, 450 - 1 oth Street; Janu
ary 9 and February 13, 1997
9:00 -10:00 a.m. Port of Asto
ria, 1 Portway.
Cannon Beach: January 9
a™ February 13, 1997, 1.OO -
2 00 p.m., Cannon Beach City
Hall, 163 E. Gower.
|abor force with a strong work
ethic and supportive public
and private leaders,” he said.
King’s initial tasks will in
clude the administration of a
federal Economic Develop
ment Administration planning
grant, preparing and coordi
nating regional plans, improv
ing access to capital and fi
nancing for business, and
providing technical assis
tance to communities in im
plementing high priority eco
nomic development and infra
structure projects.
The Columbia-Pacific Eco
nomic Development District
of Oregon, Inc., was formally
created in 1994. Its goals are
to advocate the economic de
velopment interests of the
three county region, promote
coordination, communication
and cooperation among eco
nomic development groups
and government, to actively
support existing businesses
and promote new business
development. The District will
have offices in St. Helens,
Tillamook and Forest Grove.
thev can still m eet th«ir finan.
they can still meet their finan
cial goals. Recent successes,
such as the free elections in
South Africa, have let respon
sible investors see how their
investments are also creating
positive changes in the
world,” Horton observed.
In the past, tobacco stocks
have been chosen by mutual
fund companies and financial
professionals because they
were profitable, which fulfilled
their duty to clients. Now the
climate around tobacco is so
negative, that may no longer
be the case, according to
Craig Van Hulzen, director of
cacm
research at FAFN.
Many of the top mutual
funds own stock in the tobac
co companies, so millions of
people who try to stay as far
away as possible from tobac
co, probably get a pretty good
whiff of nicotine in their nest
egg. Nevertheless, it is possi
ble to cleanse a portfolio of
tobacco. According to a re
cent study by the Social In
vestment Forum, a national
non-profit association, over
$110 billion in personal, reli
gious, mutual fund and pen
sion portfolios are managed
to avoid exposure to tobacco.
The Soot Blisters
Stove & Supply
Wood, Pellet & Gas Stoves
Accessories & Pipe
Highest Quality Products • Friendly Service
Open Tues. - Sat. 10 am - 2 pm
155 N. 18th St., St. Helens • 397-0390
1 /2
Jan . 2 , 1 9 9 7 - 9 :3 0
Semi Annui
P rice
.n i. - t h r u J a n u a r y
TONY'S SHOES
Open 9:30-6 Mon-Sat, 'til 7 p.m. Tliurs.
I 620 Columbia Blvd. • St. Helens
Need some stationery or office supplies?
We can help you!
For your convenience, The INDEPENDENT now
carries a stock o f miscellaneous office supplies
PENS • PENCILS • BUSINESS ENVELOPES • SOCIAL ENVELOPES
STATIONERY • T H A N K YOU CARDS • M A N IL A ENVELOPES
BLANK A N N O U N C E M E N T CARDS • INDEX CARDS • STICKY NOTES
C O N STR U C TIO N PAPER • BLANK, ALL-PURPOSE CERTIFICATES
I
,hC h
'S V® °pin9 a plan 10 address transportation
1 systems (highways, roads, bicycle 8 pedestrian access and
mass transit) for the next 20 years. This is your chance to
share your suggestions on how you would like to see the
transportation system work in the future.
WHITE S COLORED COPY PAPER • N EO N PAPER . BANNER ROLLS
VAR IO U S N O TE PADS • RAFFLE TICKETS • AD D IN G M A C H IN E TAPE
LEDGER TABLETS • REGULAR OR H A N G IN G FILE FOLDERS • MORE
Join Columbia County and the Oregon Department of
(° r ? ° T) 'n 3 public worksh°P and open house
A h(Tsp)Umbia C° Unty Transportation System
Thursday, January 16
7:00 - 9:00 p.m.
Columbia River P.U.D. building
(64001 Columbia River Highway in
Deer Island)
TSP presentation begins at 7:30 p.m.
ADA Accessible
County, consultant and ODOT staff will be on hand before an
after the presentation to answer questions and gather public
suggestions.
K
f
f
' ■
'
Wfe can customize
Certificates and Raffle Tickets
to fit your needs
Competitive prices. . .
without a 60-miie round trip!
The
The Oregon Department of Transportation
725 Bridge Street, Vernonia, OR 97064
Phone/Fax (503) 429-9410
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INDEPENDENT
Columbia County and
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