The Problem
The health and well-being of a community lies in its economic foundation. The life blood of any community rests in the quantity and quality of its businesses. The black community lags every other culture in key indicators of community health.
​
There is a direct correlation between a strong supported business foundation and a strong healthy community. It is estimated that blacks spend only 2 percent ($28 billion) of their total available income of $1.4 trillion with black businesses.
​
If we were to increase our spending with black businesses by only 10 percent ($140 billion) that would create one million jobs, paying a living wage, for the black community.
Demographics
Blacks
Whites
Asians
Hispanics
Population
42 million
Business Revenue
$188 billion
Personal Income
$41,000
Net Worth
$13,000
Home Ownership
42%
Buying Power
$1.4 trillion
Dollar Circulation
6 hours
197 million
$13 trillion
$70,000
$143,000
73%
$13.2 trillion
17 days
17 million
$800 billion
$87,000
$160,000
57%
$1.2 trillion
28 days
52 million
$474 billion
$51,000
$21,000
47%
$1.7 trillion
7 days