keibobo: dmc-dmc: africanmelanin: africanmelanin: Fifteen Black Entrepreneurs Make a Big Deposit I
keibobo: dmc-dmc: africanmelanin: africanmelanin: Fifteen Black Entrepreneurs Make a Big Deposit In A Black-Owned Bank. Fifteen young Black businessmen entered the Black-owned Industrial Bank with the intent of opening accounts. The men were members of the Black Male Entrepreneurship Institute (BMEI), a partner of the U.S. Black Chambers Inc. (USBC). The move was a calculated effort to gain support for black-on-black economics. Ron Busby is CEO of the USBC. He said, “In order for there to be a strong Black America, you must have strong Black businesses. In order for there to be strong Black businesses, we must have strong Black banks. So, from my standpoint, this is just a reciprocation for what Industrial Bank has done for our communities for the last 80 years.” “There’s a trillion dollars of spending power in our community and we want to make sure that dollar stays within our community. Twenty-eight days a dollar stays in the Asian community, twenty-one days a dollar stays in the Hispanic community. In our community, our dollar leaves within six hours. We have got to change that…Until we have total control of how we circulate our money, our power and respect will continue to be marginalized,” he declared. Read more Oh boy, oh boy oh boy. It’s happening. Moves are being made. If we support this, and support celebrities like Jada Pinkett Smith and Will smith in saying “We should run our own shows/businesses/bring our own money together” we’re going somewhere, extremely Extremely fast. Here we go: Usher, Jermaine Dupri, Killer Mike Support Black Owned Bank By Opening Accounts It’s happening. Not that they forgot KRIT was in the picture and cut him out all together in the interview . -- source link