(NYT) Blacks Are Challenged to Buy From Black-Owned Businesses to Close Gap

Attend  The African Union Expo 2015. Expo  will take place at MIST Harlem, 46 W 116th St, New York, NY 10026,  between Fifth and Lenox Avenues on 11/17/2015 from 11am – 7pm.CONTACT: please register at http://africanunionexpo.org/events/african-union-expo-2015-nyc-harlem/

or email info@africanunionexpo.com or phone 646-502-9778 Ext. 8001 to the attend or to request further  information

CHICAGO — Should black people go out of their way to patronize black-owned business?
Maggie Anderson says they should. In 2008, with the economy in the middle of the worst downturn since the 1930s, Ms. Anderson enlisted her husband and two daughters in a yearlong plan to consume goods and services exclusively from black-owned businesses. The journey became a basis for her 2012 book, “Our Black Year,” the subject of several TED talks about how to increase wealth in the African-American community, and the narrative behind a current cross-country tour aimed at spreading her gospel.

“There’s a lot that we can do if we make small sacrifices,” Eugene Mitchell said. Credit Joshua Lott for The New York Times

Blacks spend less money in black-owned businesses than other racial and ethnic groups spend in businesses owned by members of their groups, including Hispanics and Asians. A report by Nielsen and Essence estimates that black buying power will reach $1.3 trillion in the next few years, yet only a tiny fraction of that money is spent at black-owned businesses. Unless black people devote more attention to building wealth within the black community, Ms. Anderson and others contend, they will always be behind.

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Sample Business Plans and links for more information for contestants for the InnovateHER Competition to be held on 11/17/2015

please see below and attachments for more information for business plans

To all contestants, attached is a sample business plans and links to more information for business plans.

Again, you would need to submit your business plan by 11/15/2015 if you have not already done so. You could also bring copies of your business plan on the day of the event. If to purse this option please bring at least 8 copies of your business plan for the Judges.

 

 

Templates in Microsoft Office for Business plans: https://templates.office.com/en-ca/Business

Link to the SBA https://www.sba.gov/writing-business-plan

sample business plan template

SBA 1010C