Action Industries: A New Approach to Urban Redevelopment and Social Economic Solutions1967-01-01unknownhttp://rightsstatements.org/vocab/NKC/1.0/enghttp://congressarchives.org/record/CAC_CC_026_3_285_24_0020Action Industries, Inc. is a proposed company aimed at urban redevelopment in a depressed ghetto neighborhood of Los Angeles. The company plans to issue Class A and Class B common stock, with Class B stock allowing Project Action to have voting rights. The company plans to raise funds through the sale of stock and offer a special preferred stock issue to raise approximately $500,000. Project Action, a nonprofit organization, will hold a majority stake in Action Industries and aims to attract investment from the business and financial community. The company plans to offer a variety of small business services and aims to stabilize the neighborhood and benefit the community.