Chicago-Midwest

Leaders Of National Black Wall Street USA Support Alfred Edmond, Jr of Black Enterprise In Call For "Black Small Business Saturday"

On behalf of Rev. Michael Carter, National President of National Black Wall Street USA and our local and national chapters, we are pleased to offer our full endorsement and public support for Alfred Edmond,  Jr , Black Enterprise as well as others who have called for the Black community to use its powerful economic power in its local communities to on this nationally known "Small Business Saturday" as a "Black Small Business Saturday," by spending their consumer dollars to sustain and increase Black owned businesses and create desperately needed jobs in majority Black communities, many facing double digit unemployment.

 

Today, Black Wall Street organizations will join Black Enterprise and other Black economic empowerment advocacy organizations in promoting physical as well as on line Black owned and operated businesses. And it is our hope that we all can collectively use this Saturday's example of how the Black community can endorse in 2012 what the National Black Wall Street organizations have declared as a united front for a Black Economic Revival. A united community economic effort like this can dramatically turn around the desperate economic conditions facing Black communities, just by the way that Black consumers spend their more of their own money in their own communities.

 

Mark S. Allen
Chief of Staff to Rev. Michael Carter, National President of National Black Wall Street USA and Interim Chairman of Black Wall Street Chicago.

Angela Williams, Interim Executive Director, Black Wall Street Chicago
New Chicago Black Wall Street Chicago Center

4655 South King Drive, Suite 203, Chicago, Illinois 60653
www.blackwallstreet.org
_________________________________

 

Support Black Entrepreneurs On Small Business Saturday

Use this campaign to support local enterprises to conduct your own "empowerment experiment"
by Alfred Edmond, Jr. Posted: November 25, 2011

 

Get paid up front. This sometimes depends on the nature of your freelancing, but it’s good to either get full or at least part of your fees up front. You can weed out serious inquiries on work that way and avoid wasting time and money in your freelancing efforts.

 

Get paid up front. This sometimes depends on the nature of your freelancing, but it’s good to either get full or at least part of your fees up front. You can weed out serious inquiries on work that way and avoid wasting time and money in your freelancing efforts.

This Saturday, November 26, has been designated by American Express as Small Business Saturday for the second year. Observed on the first Saturday after Thanksgiving, this is a campaign to get consumers to devote at least some of their holiday shopping budgets to spending with small businesses.

 

As I did last year, I enthusiastically support Small Business Saturday and commend American Express for establishing this tradition and others for promoting it, especially because we are all looking to small businesses to take an even greater role in driving our economy and creating jobs. But I’m going to challenge you to go one better: Use Small Business Saturday as an occasion to spend with Black-owned small business. These are the businesses most likely to create jobs where they are most desperately needed, in the urban communities that are suffering from the highest levels of unemployment.

 

The positive economic impact of spending more money with Black-owned businesses is well established, most recently by The Empowerment Experiment, the project of Chicago’s John and Maggie Anderson, who followed through on a commitment of devoting an entire year to spending only with Black enterprises. One conclusion of the experiment: If Black households with annual incomes of $75,000 and higher increased their spending with Black-owned businesses from 2 percent to 10 percent of their total spending, it could create up to one million new jobs in Black communities.

 

For us as consumers, this represents a major opportunity to support Black entrepreneurship, which is predominantly comprised of small businesses. Don’t forget small businesses based in low-to-middle income communities in rural and urban areas. Be willing to spend in nearby neighborhoods that may have been hit hardest by the recession. I urge you to celebrate Small Business Saturday by spending as much as you can with small Black-owned businesses. Who knows? Perhaps you’ll be inspired to make this little “empowerment experiment” a new resolution for 2012.

Votes: 0
E-mail me when people leave their comments –

You need to be a member of TheBlackList Pub to add comments!

Join TheBlackList Pub


https://theblacklist.net/