11
o EY TALKS:
Black busi ness growth crucial to Black Freedom
By Ro rt . Taylor
Simply put, American Black
can never fully achieve freedom,
equality and prosperity in cap
italist America if Black-owned
bu me are not developed
and upported on a much
greater ale than is currently
the case.
Presently, one-third of all
Black Americans are officially
ified as poor; the Black
unemployment rate is two and
one- half time larger than the
jobless rate for hite· Black
bu me es produce less than 1 %
of th nation' busine income
en though Black are 12% of
the u.S. population and we are
in the midst. of a conservative
political revolution hich pro
mise little by y of govern
ment help.
While traditional civil rights
approach. to th problems
hould and must continue,
Il! eapon must be added to
the civil righ arsenal: a consi
tent and u tamed campaign to
develop Black busin in
Blac communities on a grand
BLUE eRO
The Financial Security
Guide is a 99-page fact
filled boo let detailing
dozens of ways to increase
your current income.
Compiled by veteran
financial journalist James
athan the Guide includes:
The Six Best Ways To Raise
Money Quickly; Buying
Real Estate With No Money
cale.
Without uch elf-generated
conomic development, Blacks
in America ill forever find
themselve asking others fo"r
justice and fajr trea�ent.
But, ho " ith such limited
financial resources can Black
be expected to generate sus
tained economic growth in their
communities? The answer is
AGGRESSIVE LEADERSHIP
AND ORGANIZATIO.·
Blac financial resources are
not meager as we ometime .
believe. Afro-Americans earn
billions of dollars each vear.
Thus, the problem is not 0
much a lack of money it" a
failure to capture and "tur
nover" dollar earned by Blae
to other Blac . In other ord,
dollar earned by Blac s are not
generally pent with Blacks.
Black communitie tend to
deteriorate becau e money
comes into those communi tie
and goes right out again, usually
to non-Blacks. This happens
because of the relatively mall
number of Black busine
EED
Down; How To Motivate
Your Way To Financial Sue
ce ; Re-E tablishing Your
Credit Rating And Getting
Credit Cards and much
more.
ake 1 6.95 check or
money order payable to
La -Tay Communications,
P.O. Box 54041, WaShing
ton DC 20032.
available to capture and "tur
nover" tho dollars inside the
Black community.
There can be no Black eco
nomic gro th ithout the de
velopment and active upport of
Black busin
In recent wee , my
colleague James Nathan has
written a series of columns on
busine opportunities avail
able to Blacks including form
ing a "wealth building" club to
getting into the video rental
busine to organizing a finan
cial inve tment erninar.
As part of the current effort
to get Black to try their hands
at startin income producing
busine es, tho e 26 columns
have been combined and expan
ded into a booklet hich can be
purchased from La -Tay Com
munications for '9.9�. That •
price will also include mem
ber hip in a national ealth
building club e are forming.
We hope to form such club
.all round the country and con
nect Blac and Black financial
re ource in a network that will
enable us to hare id , busi
ne information and financial
sources through a monthly
newsletter.
Remember, the tartin
point for financial success is
having the right information.
Secondly, e are intere ted in
individual who are prep red to
take leader hip in or anizing a
wealth-building club in their
city with our help. These club
�will not only be plac .to gather
needed information but will be
responsibl for o rgaruz mg
income producing activitie in
their cities and identifying in-
vestm nt opportunitie in
which other club may b
intere ted.
The aim is to develop and
upport Black bu ine e.
Remember, memb rship
and the ealth-buildin guide i
available for '9.95 from L
TayCommunication ,P.O. Box
54041, W hington, DC
20032.
ARSHALL B.
BASS h been
promoted to vice
pre . ent of pub
lic aft· for J.
Reynold Indu
trie , I c. He had
previou y been
ice p . ent of
pe nne I de
elopment.
CITlBAN(O'
ASSOCIATlON WITH ClTlCORP
A PR{)JECT OF
Tom