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Story
March 31, 1956
The Miami Times
Miami, Dade County, Florida
What is this article about?
Financial analyst Sylvia Porter warns that ongoing violent racial conflicts over Negro integration in the South could derail industrial expansion plans, reconsidering at least 20 corporate projects and slowing the region's economic transition, employment, and living standards.
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Full Text
Racial Tensions Scaring Industry Away From Southern Area
The increasingly violent conflict over integration of the Negro will, if it continues, seriously set back the plans of industries all over America to expand in a move to the Southeast.
Miss Sylvia Porter, financial analyst, disclosed these facts this week in a hard-headed, cold-blooded report on economics, and how racial tensions already are affecting the expansion plans of corporations deeply wanted by the South.
At least 20 corporations moving projects are being seriously reconsidered in light of the situation in the South.
Miss Porter sees the following taking place if this conflict continues:
The strong industrial upsurge upon which the development plans of every leading city in the South are based - will fall far short of expectations.
The South's great transition from economic colonialism to an industrialized, alive, sophisticated society will be shamefully slowed.
The now-bright production-employment-income picture will be perceptibly darkened.
The profound industrial revolution of the South - which just in the last 15 years has slashed unemployment and dramatically raised living standards - will be interrupted.
This goes far beyond emotionalism and social customs.
This hits right at the cash register of the Southern businessman and the pocketbook of his family - and businessmen, no matter where they live, have respect for the cash register and pocketbook.
Miss Porter leaves this closing thought:
Often through our history, a few stark dollar-and-cents figures have had more impact than millions of emotions-arousing words. This is one time when the pocketbook's power could be a power for good beyond measure.
The increasingly violent conflict over integration of the Negro will, if it continues, seriously set back the plans of industries all over America to expand in a move to the Southeast.
Miss Sylvia Porter, financial analyst, disclosed these facts this week in a hard-headed, cold-blooded report on economics, and how racial tensions already are affecting the expansion plans of corporations deeply wanted by the South.
At least 20 corporations moving projects are being seriously reconsidered in light of the situation in the South.
Miss Porter sees the following taking place if this conflict continues:
The strong industrial upsurge upon which the development plans of every leading city in the South are based - will fall far short of expectations.
The South's great transition from economic colonialism to an industrialized, alive, sophisticated society will be shamefully slowed.
The now-bright production-employment-income picture will be perceptibly darkened.
The profound industrial revolution of the South - which just in the last 15 years has slashed unemployment and dramatically raised living standards - will be interrupted.
This goes far beyond emotionalism and social customs.
This hits right at the cash register of the Southern businessman and the pocketbook of his family - and businessmen, no matter where they live, have respect for the cash register and pocketbook.
Miss Porter leaves this closing thought:
Often through our history, a few stark dollar-and-cents figures have had more impact than millions of emotions-arousing words. This is one time when the pocketbook's power could be a power for good beyond measure.
What sub-type of article is it?
Economic Analysis
Social Commentary
What themes does it cover?
Social Manners
Misfortune
Justice
What keywords are associated?
Racial Tensions
Negro Integration
Industrial Expansion
South Economy
Corporate Reconsideration
Economic Impact
What entities or persons were involved?
Miss Sylvia Porter
Where did it happen?
South, Southeast
Story Details
Key Persons
Miss Sylvia Porter
Location
South, Southeast
Story Details
Miss Sylvia Porter reports that racial tensions over Negro integration are causing corporations to reconsider expansion plans in the South, potentially stalling industrial growth, employment, and living standards if conflicts continue.