Saturday, December 14, 2013
Friday, November 29, 2013
Thursday, November 28, 2013
Wednesday, November 27, 2013
NBUF Builds Black Wealth
Salim Adofo
National Vice Chairperson
National Black United Front
Developed by its Kansas City Chapter, the National Black United Front (NBUF) has launched its' "Buy Black Empowerment Initiative." The purpose of the initiative is to not only increase the financial wealth of the Black community, but to provide the practical means to do so.
Utilizing the social networking tool known as a "Cash Mob," people are encouraged to meet at a designated Black owned business, at a specific day and time to shop. This organic marketing strategy provides many of the small businesses the initiative serves, with a strong boost in sales that they would have not ordinarily received. The initiative also provides the businesses with free word of mouth promotion and a high social networking buzz.
With African-American purchasing power projected to be $1.1 Trillion by 2015, the Black community must find a way to redirect a significant portion of this into its own businesses. According to the Small Business Administration, More than half of Black-owned businesses had less than $10,000 in business receipts in 2002 and in 2007 1.8 million black-owned businesses had no paid employees. With these kinds of statistics, the Buy Black Empowerment Initiative is very crucial for the survival of African American businesses at this time.
In conjunction with the initiative, NBUF has established the Ajamu Youth Investment Group. Using the principles of Kwanzaa, children and their families learn financial literacy, investing, how to write a business plan and Black history, through the investment group. NBUF maintains that the political conscious and cultural values of the Black community must be developed simultaneously, with the building of wealth.
Proper economic, political and cultural education can help to eradicate bad spending habits and bad financial planning (or lack of) in the Black community. As the community becomes more educated in these areas, it will see how supporting and establishing more Black businesses helps to create employment in the community and reduces crime. Furthermore, building and supporting Black businesses helps to establish a stronger base within the electoral politics arena. The NBUF Ajamu Youth Investment Group teaches this.
If you are in the Kansas City MO area, please join NBUF for its Buy Black Saturday. The event will feature social justice advocate and media personality Bob Law. He will be discussing “The Power of Black Consumerism.” The program will take place 10am, November 30th at the Mohart Multi-Purpose Center 3200 Wayne Ave. Kansas City MO.
Monday, November 18, 2013
Friday, November 15, 2013
Saturday, November 9, 2013
Black Solidarity Day a Huge Success by Salim Adofo
Economic
development, political empowerment and embracement of African values system
such as the principles of Kwanzaa, was the message of the Pre-Black Solidarity
Day Celebration, held at the Ft. Green Senior Citizens Center in Brooklyn this
past Sunday. Initiated in November of
1969, by former Brooklyn College professor Dr. Carlos Russell, Black Solidarity
day is the first Monday in November. The
purpose of Black Solidarity Days is for African Americans to come together to
discuss whom they should vote for on Election Day. Another purpose for Black Solidarity Day is
for African Americans to refrain from spending money outside of their community
and to stay home from work and school, as well. During this time the African
American community should reflect on strategies to improve its condition and to
use its economic power and labor force as leverage against racial inequality.
Hosted by Michael
“Kofi” Hooper of the National Black United Front, a good cross section of
artists, educators and organizations filled the program. Bob Law, media personality and community
activist, discussed how the African American consumers are disrespected. He stated that they must use their wealth to
build their neighborhoods and institutions, as oppose to those that racially
profile African Americans. Student
Minister A. Hafeez Muhammad of the Nation of Islam (NOI) spoke about the NOI’s
economic blueprint for Black America.
Muhammad told the nearly 200 people in attendance, if for one year 16
million wage earners donated 35 cents a week to a national treasury, which
would give Black people 291 million dollars to be used towards the purchase of
farm land. The highlight of the program
was the students of Sankofa Academy.
They amazed the crowd with being able to recite all 54 African countries
and all 50 states from memory.
This years
celebration was sponsored by a collective of organizations to include the
African Nationalist Pioneer Movement, Board of Education for People of African
Ancestry, Committee to Eliminate Media Offensive to African People (CEMOTAP),
December 12th Movement, National Association of Kawaida
Organizations (NAKO), National Black United Front (NBUF), Roots Revisited,
Sankofa International School and the Universal Negro Improvement Association.
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