Afro American News Black Buying Power Black community Community Editorial & Opinion money vote We Must Understand

The Black Buying Power

I just wonder do people get it – are they getting the message that I have been giving? For 28 years, we have held the Acres Home Chamber for Business and Economic Development Annual Awards Banquet in the middle of the “44” (Acres Home) for good reason. There is an old saying that says “If it ain’t broke, don’t fix it”. Over the years, my wife and I have done our best to lead by example. We practice the message that we share with others in regards to supporting the Black community and never forgetting where we come from. We have been to a function which hosted a $1000 plate-dinner in the middle of a field, under an air conditioned tent and people were competing throwing bull chips. So if they can go in a tent anywhere in “The Woods” and host functions, why can’t we have it in our neighborhood? I often address the fact that we are losing so many important factors of our Black communities and neighborhoods. This is a measure that is only helping up to lose our identity as a race of people. We MUST Understand, when we lose our foundation and forget where we come from, in essence we are forgetting ourselves. I have repetitively emphasized the fact that we have in our possession two of the most powerful forces that a person can obtain in this country. Our “MONEY” and our “VOTE” are the most significant voices that we can have. Our “MONEY” and our “VOTE” takes our voice to places that we may never even see or visit. For this reason, we have to be careful who we give them to. We MUST Understand, when we make a choice to give money to people within the community, it empowers them. On the contrary, anytime we give our money to people outside of the community, we empower them. But, the only thing about that is that, they don’t give anything back to us. At least when we patronage and support local individuals and small business owners that look like us; there is always a possibility that the Black dollar will circulate right back into our communities, since that is where they are located. Even so, by supporting local Black businesses, we know that we are at least helping to support another Black family. Yet, when we chose to utilize our means outside of the community we are only furthering the agenda of supporting those who do not look like us, or care about the best interest of our neighborhoods and communities. To that regard, it is imperative that we understand that we spend over $1.1 trillion on a variety of things. I came across a depiction that detailed the exact power that I am referencing here. In a study entitled, The Black Buying Power of Black America, which was conducted by Target Market News. It was found that, “Black people spend: $3.3 billion per year on tobacco, $3 billion per year on whiskey, wine and beer, $2.8 billion per year on non-alcoholic beverages, $3.1 billion per year on leisure time, $3.5 billion per year on toys, games and pets, $19 billion per year on telephone services, $10 billion per year on buying gifts for one another, $13 billion per year on gambling, $29.3 billion per year on clothing, $65.2 billion per year on food, $17 billion per year in charitable contributions and $321 million per year on books.” Majority of the items listed, can be spent in more productive ways, helping to support and empower one another. Nicole Kenney, NAACP Economic Program Specialist, wrote an article on the subject entitled, Asians keep a dollar in their community 120 times longer than African Americans. In it she revealed that, “a dollar circulates in Asian communities for a month, in Jewish communities approximately 20 days, in White communities 17 days and in the BLACK COMMUNITY SIX HOURS!” She went on to state that even though the African-American buying power is at 1.1 Trillion; only 2 cents of every dollar an African-American spends in this country goes to Black-owned businesses. This is part of the reason why we chose to operate within our own community. When we host our events, we don’t go looking for venues in other communities amongst those who do not look like us, we stay right in the BLACK COMMUNITY. We solicit the services from those who operate within the BLACK COMMUNITY as well. Simply because we understand the importance of circulating the BLACK DOLLAR within the BLACK COMMUNITY! My only wish is that a lot more of our people will wake up and realize the urgency of using our BLACK BUYING POWER within the BLACK COMMUNITY. As I conclude I just have to state that overall; the Acres Home Chamber for Business and Economic Development’s 28th Annual Awards Banquet, was a complete success. And it must have been a full-moon because our Congresswoman was on the prowl that night.

I just wonder do people get it – are they getting the message that I have been giving? For 28 years, we have held the Acres Home Chamber for Business and Economic Development Annual Awards Banquet in the middle of the “44” (Acres Home) for good reason. There is an old saying that says “If it ain’t broke, don’t fix it”. Over the years, my wife and I have done our best to lead by example. We practice the message that we share with others in regards to supporting the Black community and never forgetting where we come from. We have been to a function which hosted a $1000 plate-dinner in the middle of a field, under an air conditioned tent and people were competing throwing bull chips. So if they can go in a tent anywhere in “The Woods” and host functions, why can’t we have it in our neighborhood? I often address the fact that we are losing so many important factors of our Black communities and neighborhoods. This is a measure that is only helping up to lose our identity as a race of people.

We MUST Understand, when we lose our foundation and forget where we come from, in essence we are forgetting ourselves. I have repetitively emphasized the fact that we have in our possession two of the most powerful forces that a person can obtain in this country. Our “MONEY” and our “VOTE” are the most significant voices that we can have. Our “MONEY” and our “VOTE” takes our voice to places that we may never even see or visit. For this reason, we have to be careful who we give them to.

We MUST Understand, when we make a choice to give money to people within the community, it empowers them. On the contrary, anytime we give our money to people outside of the community, we empower them. But, the only thing about that is that, they don’t give anything back to us. At least when we patronage and support local individuals and small business owners that look like us; there is always a possibility that the Black dollar will circulate right back into our communities, since that is where they are located. Even so, by supporting local Black businesses, we know that we are at least helping to support another Black family. Yet, when we chose to utilize our means outside of the community we are only furthering the agenda of supporting those who do not look like us, or care about the best interest of our neighborhoods and communities.

To that regard, it is imperative that we understand that we spend over $1.1 trillion on a variety of things. I came across a depiction that detailed the exact power that I am referencing here. In a study entitled, The Black Buying Power of Black America, which was conducted by Target Market News. It was found that, Black people spend: $3.3 billion per year on tobacco, $3 billion per year on whiskey, wine and beer, $2.8 billion per year on non-alcoholic beverages, $3.1 billion per year on leisure time, $3.5 billion per year on toys, games and pets, $19 billion per year on telephone services, $10 billion per year on buying gifts for one another, $13 billion per year on gambling, $29.3 billion per year on clothing, $65.2 billion per year on food, $17 billion per year in charitable contributions and $321 million per year on books.”

Majority of the items listed, can be spent in more productive ways, helping to support and empower one another. Nicole Kenney, NAACP Economic Program Specialist, wrote an article on the subject entitled, Asians keep a dollar in their community 120 times longer than African Americans. In it she revealed that, “a dollar circulates in Asian communities for a month, in Jewish communities approximately 20 days, in White communities 17 days and in the BLACK COMMUNITY SIX HOURS!” She went on to state that even though the African-American buying power is at 1.1 Trillion; only 2 cents of every dollar an African-American spends in this country goes to Black-owned businesses.

This is part of the reason why we chose to operate within our own community. When we host our events, we don’t go looking for venues in other communities amongst those who do not look like us, we stay right in the BLACK COMMUNITY. We solicit the services from those who operate within the BLACK COMMUNITY as well. Simply because we understand the importance of circulating the BLACK DOLLAR within the BLACK COMMUNITY! My only wish is that a lot more of our people will wake up and realize the urgency of using our BLACK BUYING POWER within the BLACK COMMUNITY. As I conclude I just have to state that overall; the Acres Home Chamber for Business and Economic Development’s 28th Annual Awards Banquet, was a complete success. And it must have been a full-moon because our Congresswoman was on the prowl that night.

View original article:

The Black Buying Power

health news headlines provided courtesy of Medical News Today.

Advertisement

Advertisement Small

Flickr

  • ambre
  • between eyes
  • catastropic at war
  • nervy
  • about raw courage
  • Paranoids
  • prolog
  • Just before rain
  • 86 Fahrenheit

About Author

Follow Me

Collaboratively harness market-driven processes whereas resource-leveling internal or "organic" sources. Competently formulate.

ThemeForest

Collaboratively harness market-driven processes whereas resource-leveling internal or "organic" sources. Competently formulate.

  • Johannes - Multi-concept Personal Blog & Magazine WordPress theme
  • Opinion - Modern News & Magazine Style WordPress Theme
  • Trawell - WordPress travel theme
  • Pinhole - WordPress Gallery Theme for Photographers
  • Typology - Text Based Minimal WordPress Blog Theme
  • Gridlove - Creative Grid Style News & Magazine WordPress Theme
  • Vlog - Video Blog / Magazine WordPress Theme
  • Herald - News Portal & Magazine WordPress Theme
  • Sidewalk - Elegant Personal Blog WordPress Theme

View more

View More Job Search Results

Calendar

June 2019
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930

Pages

Recent Comments

    RSS Meks Blog

    • How to easily add Google Fonts to your WordPress website June 19, 2019
      Do you want to add Google fonts to your WordPress website? Here’s how you can freshen up your web place and make it faster, trendy and more appealing. The post How to easily add Google Fonts to your WordPress website appeared first on Meks.
      Ivana Cirkovic
    • Using Google Trends for market research to leverage your content creation ideas June 12, 2019
      Did you know you can use Google Trends for market research and target your customer needs, tailor content strategy, in a much better way? The post Using Google Trends for market research to leverage your content creation ideas appeared first on Meks.
      Ivana Cirkovic
    • How WordPress can help you to build and increase brand awareness June 6, 2019
      How can you build and improve brand awareness with WordPress and what steps are needed in that strategy? The post How WordPress can help you to build and increase brand awareness appeared first on Meks.
      Ivana Cirkovic
    • Starting a photography blog: The secrets successful photo bloggers won’t tell you May 30, 2019
      Is starting a photography blog the next step for your personal branding and getting out there with your work? Sure is! And here’s how you can do it! The post Starting a photography blog: The secrets successful photo bloggers won’t tell you appeared first on Meks.
      Ivana Cirkovic
    • 5+ best forum plugins for WordPress to build a loyal community in 2019 May 22, 2019
      Looking for the best forum plugin for WordPress to build a community and keep them engaged? Let us save you the time and choose among these 6 we recommend. The post 5+ best forum plugins for WordPress to build a loyal community in 2019 appeared first on Meks.
      Ivana Cirkovic
    • Easily setup Facebook instant articles for your WordPress website (plus tips & tricks ) May 16, 2019
      In case you still haven’t set up Facebook Instant Articles for your WordPress blog or site, here’s why we recommend you to do it. The post Easily setup Facebook instant articles for your WordPress website (plus tips & tricks ) appeared first on Meks.
      Ivana Cirkovic
    • 8 things people usually miss before starting a blog May 8, 2019
      Have you ever wondered what things need to be done before starting a blog or do you think it’s just writing and not much else? Boy, are you in for a surprise! The post 8 things people usually miss before starting a blog appeared first on Meks.
      Ivana Cirkovic
    • WordPress RSS feed plugin – 7 recommendations 2019 edition May 1, 2019
      Wondering whether you need a WordPress RSS feed plugin or not? Let us show you what beautiful things you can make with it! The one thing people nowadays tend to say is that emails and RSS feeds are dead. A fact that couldn’t be more from the actual truth. Knowing that we live in a […]
      Ivana Cirkovic
    • How to make money as a travel blogger (10 tips you can start using today) April 23, 2019
      Have you ever wondered how to make money as a travel blogger, especially when you see how many are out there doing it? Here are at least ten ways you can, too! The post How to make money as a travel blogger (10 tips you can start using today) appeared first on Meks.
      Ivana Cirkovic
    • 6+ video marketing tips to improve your vlogging [2019 edition] April 17, 2019
      Wondering what would be some of the best video marketing tips that can help you step up your vlogging game? We’ve got you covered! The post 6+ video marketing tips to improve your vlogging [2019 edition] appeared first on Meks.
      Ivana Cirkovic

    Text

    Distinctively utilize long-term high-impact total linkage whereas high-payoff experiences. Appropriately communicate 24/365.

    Archives