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Article: The Atlanta Olympic story: are blacks getting any of the real gold? (Atlanta Committee for the Olympic Games in Atlanta, GA, gives blacks economic opportunity)
- Article from:
- Ebony
- Article date:
- February 1, 1995
- Author:
CopyrightCOPYRIGHT 1995 Johnson Publishing Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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THE 1996 Olympic Games may be more than a year away but, for Black businesses, the quest for gold began four years ago. That was when the International Olympic Committee selected Atlanta to be host city for the 1996 Centennial Olympic Games and dozens of minority-owned firms began the arduous process of preparing the complex business proposals that could land them a share of the phenomenally lucrative Olympic pie.
Phenomenally lucrative may actually be too mild a phrase to describe the kind of money involved. Olympic officials estimate that hosting the 1996 Games will have a $5.1 billion impact on Georgia's economy. Almost half -- $2.4 billion--will be spent by two ...