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