Finance

2. FINANCE 

Having a strong education and foundation in financial literacy helps the Black, African American, and people of African descent support the goal of a thriving Black community. This knowledge also makes it easier for potential investors to reach Black capital.

Why?

The spending power of the Black community is undeniable. The Black community reinvest 79.8% of their annual income back into the American economy. Black customers make up more than a $500 billion American source of revenue power. 

Because of this, 

The key aspect of advancing corporate revenue is through increased financial literacy in the Black community. Using debt responsibly and running a business properly are keys to bridging the gaps between corporations, Black capital, and Black customers.

We will:

a. Educate state and federal legislators on the public need for full funding of all state and federally mandated programs to advance the Black community.

b. Advocate for full funding of the state’s school finance literacy to meet the needs of all students in a manner that is consistent, equitable, reliable, and sustainable.

c. Advocate for amendments to the funding formulas that advance Black-owned businesses at the local, state, federal, and corporate levels.

d. Improve the overall financial literacy in the Black community through education, and community and corporate engagements.

e. Engage with those businesses that have an interest in engaging with the Black, African, and African American communities.