Leaders of the National Black Caucus of State Legislators warmly embraced Our10Plan following our description of its objectives during their December conference in Los Angeles. Flanking NBBM co-founder John William Templeton are Allyson Sneed, chair of the African-American Legislative Staff Coordinating Committee and Sen. Catherine Pugh, NBCSL President and Maryland Senate Majority Leader. Also pictured are: Sylvia Copper (LA), Cassaundra Cooper (KY), Danica Key (GA), Nellie Humphries (AL), Juanzena Johnson (SC), Lisa Davis (MS)

 
 

Aphios making health with nature

Dr. Trevor P. Castor, CEO and founder of Aphios, inside Woburn, MA plant.  Manufacturing is a $22 billion sector among African-American businesses and health care is a $45 billion sector. The company has multiple patents in 20 years of continuous discoveries using natural substances.

Leading the Way in Biotech. Dr. Trevor Castor's Aphios has 46 patents and Gerald Commissiong's Amarantus received a new patent this week

$45 billion health care segment among black businesses:#BLACKDOLLARSMATTER

Almost 500,000 of the 2.6 million African-American firms are in health care, generating $45 billion yearly, according to #BLACKDOLLARSMATTER: State of Black Business, 12th edition, the official guide to the 12th National Black Business Month, which includes industry breakdowns for each state and our exclusive ranking of states based on the Black Business Affinity Index.  Learn about companies innovating in such fields as virtual reality, wireless wearables and new drugs during our 10th anniversary of Hurricane Katrina videoconference next week.

China embraces Jordan on trip to Shanghai, Beijing

SHANGHAI -- The lion of black business, Frederick E. Jordan Sr., co-founder of National Black Business Month, roared in China during a 10-day trip that included speeches at Tsing Hua University and People’s University, both located in Beijing.  In Shanghai, Jordan spoke at the Beijing Foreign Studies University.   He discussed the role of affirmative action in the United States and business opportunities in high speed rail in California and in Africa.  Jordan is a transportation and environmental engineer with thousands of projects completed.

State legislators see first hand importance of black biz

Co-founder John William Templeton explained Our10Plan to the legislative staff luncheon during the National Black Caucus of State Legislators and followed the talk with a tour of the California African-American Freedom Trail, including the black founders of Los Angeles including Pio Pico, who built the city's first hotel, and shopping in Leimert Park along the Sankofa Walk at Esowon Books.

 
 

Our Men's Wear

The first name in men's clothing in Los Angeles for the past 20 years has been James Brumfield, whose boutique store in Baldwin Hills Crenshaw Mall grew from the African Marketplace retail incubator to carry its brand next to entrance of Macy's above Dr. Martin Luther King Jr. Boulevard.  This is why the brothers in LA are so sharp!

 
 

Our Jewelry

Another graduate of the African  Marketplace is the Jendayi Collection jewelry store next to Brumfield's.   It is one of a half dozen black retailers in the mall, a demonstration of what can be done when inclusion is an imperative.

 
 

Our Artist








Kathleen Atkins Wilson is a Coretta Scott King Award winner for her book illustrations and her exhibit in the Museum of African-American Art is part of the Baldwin Hills-Crenshaw Mall experience on the third floor of Macy's.  The holiday shopping experience is so unique, when combined with nearby Leimert Park, that it is worth the trip to Los Angeles just to  shop.






 
 

Our Bakery

Southern Girl Desserts is another retail success in Baldwin Hills Crenshaw Mall with awards from the Food Channel for its desserts.

 
 

The biggest event in black business

The Bronner Bros. hair show in Atlanta featured LAHair's Kim Kimble, stylist for Beyonce, and Oprah's hair impresario Andre Walker for the past three days in Atlanta along with everyone else in the beauty business.    The Bronners have three manufacturing plants in the Atlanta area and publish Upscale magazine.  Aug. 16 is our publication day, when a subscription is your way to support black business.

Happy birthday

Greetings to Earvin "Magic" Johnson from Senate candidate and Attorney General Kamala Harris, an alumnus of Howard University.   Johnson became the MVP of black business with the acquisition of the $14 billion Equitable Trust life insurance company earlier this summer.  His network, ASPiRE, is the network television sponsor of the 12th National Black Business Month.

 
 

Aug. 15 The black press

In the city where John Russwurm and Rev. Samuel Cornish first wrote "We Wish to Plead Our Own Cause," in 1827, the Amsterdam News and its partner The Harlem Chamber of Commerce open Harlem Week today, one of the premiere cultural heritage events in the country and a major reason for the revitalization of the Manhattan enclave.  The Amsterdam News has published since 1909 and is keeping fresh with new digital features. Visit blackpressusa.com for the newspaper nearest to you.  To really enjoy National Black Business Month, subscribe physically or online.    BlackEnterprise is the Bible for black business globally and Ebony magazine is holding fast to founder John H. Johnson's vision of a strong, respected black America.

 

Save those theaters-Aug. 14

Today's James Baldwins, Langston Hughes and Loraine Hansberrys get their start in historic theaters like Karamu House, which celebrates its 100th anniversary this year, and the newly refurbished Miami's Lyric Theater.  Subscribe for theater seasons during National Black Business Month.

Historically black colleges and universities--Aug. 13

New buildings at New Orleans' Dillard University, part of a complete rebuild of the campus following Hurricane Katrina ten years ago with $61 million from the Federal Emergency Management Agency, and the Interdiscriplinary Research Building at Howard University are part of the infrastructure needed to compete for these hundred institutions.   Dr. Ivory Toldson has taken the helm at the White House Initiative on HBCUs, however a much greater commitment of federal research and financial aid spending will be necessary along with increased interest from cutting edge companies, which have been complaining about the "pipeline" but not providing any resources for the pipe. Everyone can help in some way, from helping a student apply to making donations to the Thurgood Marshall Fund, United Negro College Fund or directly to a college endowment.

Aug. 12

Bringing back manufacturing

Molecular Glasses

manufacturing new class of semiconductors, development and
commercialization of novel Organic Light Emitting Diode (OLED) materials
for use in a variety of applications including small and large displays
and commercial and automotive lighting.

CEO and President Michael Molaire said the Rochester, NY company has invented a new class of materials called NONcrystallizable™that can be used in the existing Vacuum Thermal Deposition manufacturing process and also have the high solubility and stability required for the emerging Solution/Printing production processes. This eliminates the need to change materials when converting from the existing to emerging solution based manufacturing processes. NONcrystallizable™ OLED materials also have high thermal stability and exceptional light extraction capabilities enabling long life and higher efficiencies in end use devices such as cell phones and flat panel displays.

"


 
 
 

In the footsteps of G.W. Carver

Aug. 11 Biotech

George Washington Carver is the father of bioengineering, saving Southern agriculture from his lab at Tuskegee Insitute (now University)

Debra Auguste has her own lab at City University of New York investigating nanotechnology applications to create tissues for therapy.  She joined us at the 10th 50 Most Important African-Americans in Technology.  NAACP Vice President Monique W. Morris and NBBM Co-Founder John William Templeton applaud her scientific exploits.

Aug. 10

Technology

Mary Spio's latest book It's Not Rocket Science tells how she has created two publicly-traded companies and thrived as an engineer who put movies on satellites and is now a hot property in virtual reality.

 
 
 
 

Aug. 9 Hotels

Unity produces results.  After a boycott in Miami created teh Natinal Association of Black Hotel Owners Operators and Developers, the numbers of black-owned hotels has now risen into the hundreds, with the newest Marriott Marquis, Washington, D.C.'s biggest hotel, run by Norman Jenkins of Capstone Development

August 8 is the first Restaurant Day of the 12th National Black Business Month to enjoy culinary delights such as beignets at Queens Louisiana Po'Boy, 3030 San Carlos in San Francisco.

 
 

Billions for black banks

Citizens Trust, CZBS, has served the South for 97 years, with a focus on business lending since before Dr. Martin Luther King Jr. was born.   PRI's Marketplace just described the importance of African-American banks by citing a study that showed the discrimination that black business borrowers faced during a test.  Cynthia Day, CEO and President of Citizens Trust, is a leader of the National Bankers Association, the trade organization fighting to keep African-American banks thriving.   Our idea is to deposit more than $3.1 billion in those banks in order to generate $30 billion in new business lending.  During 31 Ways 31 Days, contact your city or state treasurer to ask if they are placing deposits in these valuable institutions.

Real estate empire

Since 1983, R. Donahue Peebles has accumulated six million square feet of commercial real estate across the country worth more than $5 billion.  Aug. 6 celebrates the continuing success of African-Americans in real estate.

 
 







Aug. 5    Insuring Life's Risk  

Among the earliest African-American businesses was the Free African Society, a mutual benefit association which was a precusor to the first African Methodist Episcopal Church.  After the Civil War, insurance became one of the largest enterprises among African-Americans.    The African-American National Life Insurance Co. in Jacksonville built American Beach resort near where the first Africans permanently settled in America.

This summer, Earvin "Magic" Johnson took black insurance to a new level with the acquisition of Equitable Trust, a $14 billion asset firm based in Chicago, after having profited from an investment in Simply Health, a managed care organization in Florida.

“EquiTrust provides MJE a tremendous platform to advocate for financial literacy and assist in creating job opportunities at every level. We will educate and emphasize the importance of life insurance for estate planning and annuities for retirement planning purposes,” said Earvin Johnson, CEO and Chairman of MJE. “It’s not only groundbreaking, but continues my mission to invest in businesses where we can make a positive impact in the community.”

In September, the National African-American Insurance Association meets in Atlanta.  N.C. Mutual Life Insurance's building in Durham is one of the landmarks of black business.

Aug. 4

Health is Wealth

Dr. Trevor Castor, CEO of Aphios, has accumulated 46 patents in nature-based therapies in 20 years, and Gerald Commissiong, CEO of Amarantus BioScience Holdings, announced yesterday an alliance with the U.S. Army for a new Engineered Skin Substitute for burn victims.  The National Medical Association continues its annual conference through Aug. 5 in Detroit.    Use their physician locator to find doctors and the National Dental Association site to find capable dentists like Dr. Kenneth Eatmon in the Atlanta area.

 
 




On Aug. 3, do business with African-American lawyers

Charles Hamilton Houston used the Howard University School of Law to craft the legal dismantling of Jim Crow.   For the past quarter century, Donald Temple and Everett Bellamy have gathered black students accepted to law school for the Charles Hamilton Houston Law Institute to give them the support to tackle the demands of legal education.  The latest class,  pictured above,was commemorated last week in Washington, D.C.

They aspire to join the ranks of a profession that is critical to black business and to black civil rights.

The lawyer for Trayvon Martin and Michael Brown is the new president of the National Bar Association, selected at its Los Angeles conference.

Benjamin Crump of Tallahassee is new president of the National Bar Association and Paulette Brown is   president of the American Bar Association.

On Aug. 3, support a black lawyer.

On Aug. 2, stand on the rock of the black church

 

Earvin "Magic" Johnson

When Earvin "Magic" Johnson prepared to acquire a $14 billion insurance company, he gathered his team at Magic Johnson Enterprises for prayer with Bishop Charles E. Blake, pastor of West Angeles Church of God in Church and presiding bishop of the Church of God in Christ.

As the world saw in Charleston, the black church has been a rock against the gates of hell for African-Americans.  On Aug. 2, particularly because of the violence against these congregations, the 12th National Black Business Month encourages attending one of the many African-American congregations in every state in the Union

Museums correct  history of African-Americans

Museums like the DuSable in Chicago, Schomburg in New York and California African American Museum in Los Angeles highlight the fact that America's three largest cities all had black founders.

Aug. 1 is designated during the 12th National Black Business Month's 31Ways31Days to support more than 100 African American museums nationally, including the soon to open National Museum of African American History and Culture next to the Washington Monument. see 31Ways31Days at blackbusinessmonth.com


#BlackDollarsMatter is the theme for the 12th year of highlighting 2 million companies that employ one million workers, yet draw a small fraction of the $1  trillion black consumer market.

Cofounder John William Templeton begins the month in San Francisco with the Meeting Planners International presenting a nationwide resource of African American food businesses and meeting venues like those museums in order to spark more economic activity and create jobs.

ASPiRE.tv , founded by Earvin "Magic" Johnson, is the Network Television Sponsor of the 12th National Black Business Month.

Esteban Gomes, a black Portuguese captain who was the first to actually reach North America, first explored the mouth of the Hudson River, a saga which can be found at the African Burial Ground National Historical Site. The Atlantic coast was known as Tierra de Esteban Gomes in the 1500s. Twenty six of the original 44 settlers of Los Angeles were black, a legacy that lives on in El Pueblo Monument. Jean Baptiste duSable established a trading post which became Chicago.

Pioneers put the Golden State's tourism industry on the map for the global marketplace: California African-American Freedom Trail tells their amazing stories

 

LOS ANGELES -- One of the most important African-American business leaders in  history makes a statement everytime one flies into LAX.  Paul Revere Williams, known as the "architect to the stars" from the 1920s to the 1960s, was part of the design team on the signature futuristic building in the middle of the airport, now headed by an African-American woman, Deborah Ale Flint, executive director of Los Angeles World Airports.

From wagon trains and Sequoias to hotels, cruise ships and jumbo jets, African-Americans have laid the foundations for California's tourism industry, notes National Black Business Month co-founder John William Templeton, completing a seven-day expedition to map the California African-American Freedom Trail.      The historian is editor of Our Roots Run Deep: the Black Experience in California, Vols. 1-4 and Come to the Water: Sharing the Rich Black Experince in San Francisco. (He is pictured telling the history of the state's oldest Prince Hall lodge, Hannibal Lodge No. 1, founded in 1852.)

To launch National Black Business Month, he is sharing the importance of the African-American cultural tourism market as an amenity during the biggest gathering of the global travel industry, the World Education Congress of Travel Professionals International from July 28 to Aug. 4 in San Francisco.   Book seats at blackmoney.com   The tours are part of a process for certifying hospitality workers as specialists in California African-American cultural heritage tourism, a topic Templeton has lectured on to the California Council for the Promotion of History in 1997 and to the Association for the Study of African-American Life and History in 2006.Since that later speech, he has developed the California African-American Freedom Trail, gaining a three-year agreement with San Francisco Travel to promote 400 sites in San Francisco to the city's 9 million yearly visitors.

This week's expedition updates a map of 300 African-American historic sites Templeton created in 1991 for the first volume of Our Roots and provides footage for a 180-day video series Our Roots, to be distributed to schools on ReUNION: Education-Arts-Heritage. Seven Days of California Soul began at Pier 27, the James Herman Cruise Ship Terminal on Monday, July 20, where obelisks salute Capts. William Shorey, the last Paciic whaling captain, and Michael Healey, the Revenue Cutter commander who served as military governor of Alaska aboard the ship Bear.   It passed the Ferry Building, where Lt. Aurelious Alberga was founding president of the San Francisco NAACP exactly 100 years ago to protest  The Clansman, later Birth of a Nation.  He also organized a volunteer unit to fight in World War I and used surplus USO funds to create the Booker T. Washington Community Center.

By the end of the first day, it reached Plumas Country and Beckwourth Peak, Beckwourth Pass and Beckwourth's Cabin, all recognizing the 1851 journey of James P. Beckwourth through the low pass of the Sierra Nevada, which opened California to overland traffic from the rest of the United States.

After passing the world's largest living creature, the General Sherman Sequoia, which was saved by the diligence of the 9th Cavalry from the Presidio in 1903 led by Capt. Charles Young, superintendent of Sequoia National Park, the tour eventually reached Camp Lockett in Centro on the Mexican border, where another unit of Buffalo Soldiers stood guard during World War II.

Legislation to create the California African-American Freedom Trail has been endorsed by the California State Historical Resources Commission in January with a draft being reviewed by the Legislative Counsel before being introduced by Assemblymember Cheryl Brown, D-Riverside.  The bill would create a heritage corridor under Section 5 of the Resources Code and enable a heritage corridor trust to ensure that African-American heritage is permanently recognized in the state.

Hotel Council of San Francisco executive director Kevin Carroll and others recognize Capt. William Leidesdorff, who built California's first hotel and was first to sail a steamship into San Francisco Bay.

Leidesdorff's rival, Pio Pico , was the richest man in southern California from the 1830s to the 1880s, owning 532,000 acres at his height.  He built the Pico House Hotel in 1868, still standing in downtown Los Angeles as the first steel-framed building in the city, where 26 of 44 original settlers were black.

Bethel AME in San Diego, founded in 1887, is one of a number of black churches founded in California in the 19th century. The earliest churches were key contributors to the abolition movement.

#BLACKDOLLARSMATTER: $30 billion for an equitable monetary policy that works for small businesses

 

WASHINGTON--Ten years after Hurricane Katrina, Federal Reserve Chair Janet Yellen said there was nothing the central bank could do to address African-American unemployment.

Yellen was not listening at her own conference in April when Nobel Prize winner Joseph Stiglitz told the Fed's Community Development conference exactly how central banks can address rising economic inequality.

In a submission for implementing Dodd-Frank regulations, we called for the Fed to place $3 billion per month from the $65 billion in quantitative easing it provides to Wall Street with black-owned banks.

It was the second of three opportunities the Fed missed to do something about the $30 billion lending gap for African-American businesses.

At the MDI/CDFI Conference in July, no Natinal Bankers Association members got the New Markets Tax Credits ostensibly designed for bringing capital to underserved communities.

Since 2007, our annual State of Black Business report for National Black Business Month has shown that SBA lending to African-Americans fell to historically low levels.   The 2014 total, which we report in the 12th edition--#BLACKDOLLARSMATTER

--is just $300 million, and these are government guaranteed loans. Compared to the $800 billion bailout and the $85 billion per month in quantitative easing still going on seven years later, the one cent on the dollar is inadequate.
Stiglitz said a policy focused on inflation favors equity holders while damaging bonds and pensions.  Because banks are more concentrated than before the meltdown, he said lending to small businesses in general is down.
Our solution --make a deposit in a National Bankers Association bank, which can spur additional business lending in our communities.  It's an example of 31 Ways 31 Days. 

Founders goal: restore prominence of business


NBBM Co-founders Frederick E. Jordan Sr., P.E. and John William Templeton announce that Atlanta-based ASPiRE, the cable channel launched by Earvin "Magic" Johnson, is the official network television sponsor of  the 12th annual National Black Business Month in August 2015.

ASPiRE celebrates African-American heritage and groundbreaking cultural achievements and creates new opportunities for the next generation of ground-breakers and game-changers.  Grounded in faith, family and community, ASPiRE reflects positive images of the African-American culture.  The network launched June 27, 2012 to millions of Comcast basic subscribers.


Above is the new statue of Frederick Douglass in the Visitor Center of the U.S. Capitol.   Among his many famous remarks was "if there is no struggle, there is no progress," enscribed on the statue.

HO CHI MINH CITY, VIETNAM -- Frederick E. Jordan Sr., P.E. was in southeast Asia on the Fourth of July as he reflected on why National Black Business Month is so important.  

He pointed to a stained glass window in a Catholic Church on Maryland's Eastern Shore paid for by his ancestors in 1700, a century and a half before the end of slavery, because they were economically self-sufficient.

Like NBBM co-founder John William Templeton, whose ancestors included free farmers in North Carolina in the 18th century as well described in his book Grampa Jack's Secret, Jordan knows that the longevity of black institutions and culture, like Mother Emanuel A.M.E. Church in Charleston, depends on the strength of African-American businesses.

In 2004, the civil engineer and Air Force veteran urged Templeton, first African-American to edit a business newspaper, to create real-time statistics on African-American businesses.    As a result of the first State of Black Business report, they created the 31Ways31Days strategy for each August since.

Although both Jordan and Templeton are proud of their family histories, they realized that close to two million African-American innovators today are practically invisible, and often times, that lack of attention can be fatal.

#BLACKDOLLARSMATTER: State of Black Business, 12th edition notes that only one cent on the dollar of the minimum credit demand for black businesses is being met by private banks using the SBA guarantee program.    SBA lending to black firms has been down as much as 80 percent from the peak in 2007, although the Federal Reserve's Survey of Small Business Lending indicates that each firm needs at least $15,000 in credit -- a total of $30 billion.

With the 100,000 black firms with employees generating one million jobs, it doesn't take advanced mathematics to see how to reduce the high rates of unemployment in African-American communities.  Although 80 percent of jobs in the economy are created by small business, only six percent of jobs in the African-American community are created by black firms.

The objective of National Black Business Month is to provide the platform to discuss these simple economic facts as a matter of policy at the local, state and federal levels, not to hold social events.   Through Templeton's daily newspaper, blackmoney.com, the most extensive local coverage of black business around the country is now being accelerated by a new mobile daily bulletin delivered to African-American senior business leaders and policy makers.

Jordan, also president of the San Francisco African-American Chamber of Commerce, continues to fight what he described in a book as The Lynching of the American Dream, the end of California's Prop. 209, which a recent study concluded cost minority businesses $1 billion yearly in California for the past 15 years.

To learn more about the 12th annual National Black Business Month, start with the data-rich #BLACKDOLLARSMATTER: State of Black Business, 12th edition, which includes the 10 Key Factors for Black Business Success, using a longitudinal data approach state by state since 1997 to determine best practices.

August 1     Museums

August 2     The Black Church

August 3     Attorneys

August 4    Health Practitioners

August 5   Insurers

August 6   Real Estate

August 7  Banks

August 8   Restaurants

August 9   Hotels

August 10  Technology

August 11 Biotechnology

August 12 Manufacturing

August 13  HBCUs

August 14  Theater

August 15 Publications

August 16  Literature

August 17 Radio

August 18 Broadcast, Cable

August 19 Musicians

August 20 Filmmakers

August 21 Grocery manufacturers

August 22 Beauty, cosmetics

August 23 Educators

August 24 Fashion

August 25 Construction, architecture, engineering

August 26 Energy

August 27 Transportation

August 28  Advertising, design

August 29 Accountants, financial planners

August 30 Agriculture

August 31 Private equity, venture capital, securities