Growing A New (Black) America: Investing In Black Communities & Increasing Economic Capacity
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- čas přidán 5. 09. 2024
- Thomas W. Dortch, Jr., President / CEO of TWD, Inc, and Earl G. “Butch”M Graves, Jr., President / CEO of Black Enterprise Magazine and Roland Martin discuss the notion of “Growing a New (Black) America” at this year’s Hope Global Forums Annual Meeting in Atlanta.
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Dr. Claude Anderson been saying Powernomics.
Rhank you Roland. This is what ive waiting for. Your two panelist are ABSOLUTELY GREAT. They are professional with great understanding of what is needed in the black community
Blacks wasn't raise to combine resources we always try to out do each other we have to reprogram ourselves and stop hating on each other and also educate our people.
Their time is UP! Black people are more intelligent, we are caring enough for our families to leave them wealth instead of bills. We're educating our children on economical growth. We're slowly but surely moving foward. Nice video. Let's continue to move foward together. Thanks for the info.
Black Wall Street, Tulsa Oaklahoma, black owned and built during segregation. They did so much with far less than is available to black people today. Their mindset made the difference. The most important change we need is internal. Most have lost the drive and determination that post slavery black people had.
With forced integration came dilution, this was planned....
There are small black owned businesses that I’ve tried to help but for some reason they do nothing with it! So I’ve decided to focus on my own now that I’ve got it started. I also have more plans for myself, I can now give you exposure and advice! The rest is on you!
Hello,
Is the a way to contact you?
You three gentlemen gave excellent blueprints. God bless all three of you. Thank you
Great information! I am here to support others! I think we can all make a difference by combining forces!
God bless u Roland much needed imf
It's time for this
This is a good Talk. We have to understand the why.. we definitely know and understand what people are not doing, but why? And once we find that, how will we strategically change the mindset of a PTSD culture.
'There are those of our color that are not of our kind. And there are those of our kind that are not of our color.' The brother on the right said this. It was one of the most pro black, anti bias statements I've ever heard.
What is so difficult about the gentleman Quote, I think that his assessment is true.
The main thing that keeps us burried in the burried in a quagmire of poverty is that black people have no land. And I have never heard any movement not even since the civil rights talking about that. We will always struggle if we have no land. The USA economy is primarily based on real estate. If we have no land as a people we have no foundation.
👏
Looking at these comments from black folks 6 months later and can honestly say, ITS A WRAP!!!
OmG thank you for finally saying technology is a phenomenal solution to African-American problems
Look up iddris sandu he's showing ba pathway
Most successful people started from nothing. They didn’t wait for the opportunity to knock but created the opportunity on their own by working hard. Thankgoodness i found Mr carlos kingston a pro forex trader, now I have been trading with him for about 7 mounths now and I earn up to $15,000 weekly. i guess this is the epic start to a new chapter in my life. I just feel like more evevryone should be made aware of this opportunity, feel free to contact him @carlos_1uptrades on Instergram his indeed a genius.
As for all Forex, stock trading and binary options patterns and signals support, Carlos Kingston has been the man that many people are looking for and his strategy has been of great benefit to me. When you invest with Carlos Kingston you will understand the importance of time frame, risk control and objectivity in stock trading. You will trade confidently and guided properly he has helped me grow my account to $290,000 from February till now. Trading on your own might not be suitabe especially with less knowledge and skills reach out to Mr Carlos kingston for help on Instergram @carlos_1uptrades tell him I referred you to him .
All thanks to Mr Carlos @Carlos_1uptrades on Instagram, It seems unbelievable and I can't express my gratitude for your transparency and honesty keep up the good work , I actually received my profits for the third time , this is a speechless feeling for a great success and once again thank you for your assistance trading forex
Need more black financials institutions
To build capacity we must trade more with the African diaspora ABROAD. We are the best ambassadors. The African continent has the numbers, a young population. If Latin America wants to do business with us then they can also come aboard, but priority should be sub-Sahara Africa as it has the bodies, talent and natural resources. In this journey we must embrace learning second and third languages also, crucial. 🙌🏾
Perhaps the forum should have been called “creating economic wealth within the black communities of America”. That seems to be what you are discussing from the jump. Mr. Graves is partially right in that the other issues of education and programming is a bit more complex although I deem it necessary for to do.
Well hopefully if you chhose to spend your money with a black business, they then spend your money with another black owned business
All thanks to Mr Carlos @Carlos_1uptrades on Instagram, It seems unbelievable and I can't express my gratitude for your transparency and honesty keep up the good work , I actually received my profits for the third time , this is a speechless feeling for a great success and once again thank you for your assistance trading forex
Amen to information that Malcolm X preached about during his leadership and Honorable Farrakhan!
Group buying is the key to economic success
I am surprised some focus is not on saving money,pooling money and then using businesses to grow the pot. The shortest route to where we are trying to go is to adopt an AARP model for growing economically. Some focus should be given to inheritances. By now every child should not start their adult life with zero funds. Our people do not bank well enough to handle emergencies.
REAL black elitists and I'm not saying that in a negative way........there are some so-called black spokespeople who talk the talk but these are those who talk the walk.
I truly want to support Black owned business in my community, but I am so fed up with their incompetence and unwillingness to to change the way the operate.
I'm at the point now where I don't need the community to be financially stable.
Okay. This conference was good. However, they did not discuss black people UNIFYING OUR WEALTH to be able to create more black businesses!
The Graves brothers' daddy built that business and didn't merge with anyone so why should the next black business. If your black and built ANY business I applaud you. Keep doing what you do for your family.
I luv this topic
5 years later NOTHING HAS CHANGED
The BIG elephant in the room BLACK people never discuss is our major COMMUNITY issues (HBCU's, business, media, church) began with INTEGRATION. 50 years later, hear we stand.
and your solution to the problems?
robinsss Same ideas since Delaney & Douglas, Booker & DuBois, Garvey & Educated Black Class, Malcolm & early Martin...same argument... BUSINESS DEVELOPMENT or social integration. I think through these examples we-black people ultimately chose, shows we need ECONOMICS before POLITICS.
blacks need to bring together the shakers and rollers
@@robinsss BLACK PEOPLE NEED TO STOP BLAMING WHITE PEOPLE FOR ALL OUR PROBLEMS IN. OUR COMMUNITES
@@blackintellwilliams5488 i agree
Amen Earl Graves Jr. We spend $18 mil. daily eating out. Only a small portion with Black owned restaurants. Black women spend $10 bil yrly on hair and skin care products most on white own products. We can all start tomorrow putting a dollar in another black hand as often as we can.
that will not make the black business areas thrive........the areas will still be weak...............so you want to build business areas that can compete with white ones?
This is good!
How do you watch multi billion dollar companies and multi millionaires pay millions every election cycle to control policy and government but black folks are still supposed to believe you can do it by yourself. He did make some good points but it still has to be a 2 pronged approach. You shouldn't let the government off the hook when they have done so much to harm our community.
For real... this shouldn't be overlooked. Period
The goverment never did especialy when we built blackwallstreet DOIT ANYWAY where theres a will theres a way!
The govt won't help, it'll take community unity. Build institutions- retail, sports, tech, communication, & make it transparent and accountable
The government is responsible for black condition
@@ricardojohnson8679 no you are responsable for yourself. Stop blaming the goverment for your failures
Self inflicted signs of declining powerful images.
The aptitude for people of color-seems to assimilate to whiteness readily . Colored people should value themselves first.
WE NEED MORE BLACK HEDGE FUND MANAGERS WITH CAPITAL
Most black business owners are solopreneurs are running on a very small or efficient scale. Yes, ownership is important, but I don't think it is so much about competition. Most black business owners have small margins which makes it difficult to hire let alone the process to merge businesses. Can 3 businesses with limited cashflow successfully merge?
As for all Forex, stock trading and binary options patterns and signals support, Carlos Kingston has been the man that many people are looking for and his strategy has been of great benefit to me. When you invest with Carlos Kingston you will understand the importance of time frame, risk control and objectivity in stock trading. You will trade confidently and guided properly he has helped me grow my account to $290,000 from February till now. Trading on your own might not be suitabe especially with less knowledge and skills reach out to Mr Carlos kingston for help on Instergram @carlos_1uptrades tell him I referred you to him .
I think we should create LLCs or holding companies with groups of black investors who would invest in major American franchises then take the money and profits from that and reinvest in other black owned businesses in the black community
Great interview
What is new , in terms of Black history is that it is new for African Americans in the past 150 years , to have a culture of self centeredness , materialism politcal complacency and total ambivilence towards Collective Economics, this new Phenomenon is only as old as balling culture which now is about 28 years old! People fail to look at the fact that it is Culture , that motivates orthodox jews, Dominicans, Koreans, Yemeni Arabs, Mexicans in the south and Vietnamese and Lebanese in the south to think of money and economics as a Collective rather then Individual good! They use the same concept we had for 130 years after slavery and 40 thousand years before slavery that the Collective Wealth insures all individual Prosperity!
You're right Ron Mosely in that the push towards economic liberation is not new and goes back many generations. The NOI for one has been promoting the agenda since the 1930s and Marcus Garvey before that. It is basic mathematics that the "collective economic prosperity" that you refer to can not be achieved by a minority population whose members are predominantly pursuing individual prosperity.
so Black Wall streets all the Black Wall streets wre zombies, cause you got a bug in your ass about religion???
Sheesh the buttered biscuits are burning on this one 🔥🔥🔥
Yes we are suspect of each other
This is so true ,great truth
YES YES YES YES YES AND YES !!!!!!
Mr. Martin I would love your guidance
we find BLACK that love there own PEOPLE we should been unified like 10 - 15 years ago BLACK ppl STOP WASTING TIME. we classes to teach US. these churches ⛪ not making NO change for the ppl that's why they won't get my ties and offering
Hasn’t the guy in the middle heard of Jeff Sessions’ plan to reinstate mandatory minimum sentences and to re-establish the federal contracts for for profit prisons? Even in my state, one of the most eagerly sought after job in the public sector is with the department of corrections(where minimally educated white men and women) are tasked with the control of black and brown people
Tuskegee
Powerful!!!
Yes technology
So grateful this was posted and made available to the public. Priceless and valuable information.
Yes re investing in ourselves.
What black America, does not exist. Died with Martin, Malcolm and others. Stop the charade!
Mad black Woman you are spot on
No one talks about Mayor Harold Washington. And im happy that theirs a African American Woman Mayor in Chicago, ill. So ive been keeping up.
kase lawal the billionare he mentions, has been at the forefront of looting minerals from the congo
2020 no change still having conferences.
The End Begins oh there is change, but it just not for the better. It’s getting worst
That doesn't always work out great I don't mind spending with ourselves I welcome that more than anything else, I drive around and look for black business to spend in but some time those people running them business has no true real interest in our development or progress, They're just about the money no love, no respect, no appreciation, they would careless about black unity,they'll you it will never happen,and you can't blame them for feeling that way because of the condition and action of our people. I'm saddened by what I seen myself but I just keep hoping and teaching hoping that one day it will happened, a pipe dream.
This is true! Keep shining and doing your part. The next generation is coming.
Every other community but us, that’s a huge problem that can be fixed 😟
50CENT should be part of this discussion
you've outdone yourself in this presentation Roland!!! Enjoy this greatly indeed!!!
Great program well done!!! Although this is only no doubt a fraction of what was discussed this could've been summed up with a 10 minute survey and the solutions derived would outpace anything discussed in this short presentation.
Now that was AWESOME
My guys looking nice
Those of our color but not of our kind. And those of our kind but not of our color.(Fact).
The ballot the buck and the book!!!!
I’ve watch this show twice.. I believe we must make sacrifices.. I gave $3000 to Simmons College who really has no endowment I’m going to find another HBCU one that gets very little money it’s a shame that Alumni don’t give back
Good information and discussion.
Access to capital and scale go together. You can't scale a business without the capital. Capital is not as accessible in black communities or for black entrepreneurs as they are for others. While that is not an excuse for the hustle, it is legitimate proven reason.
Ayveel Robinson we need to deposit our money into Black-owned banks in order to supply that capital. For those of us who live in states or areas where there are no Black-owned banks, then OneUnited Bank which is Black-owned is online and available to those in all states.
even if you get the capital what will you do about the crime in the black communities ?..........it will stifle the growth of an commercial strip
You are right. Crime will stifle growth. That is what suffocates black businesses now. They exist for 2-3 years, but the crime makes the area unattractive to consumer.
Black owned banks is not the solution. Trying to allocate all black cash to black banks might help, but it isn't the long term solution. Our businesses need mainstream capital (capital like the white folks get it) to scale.
Another issue is that many blacks create businesses less scale-able than whites. Which is why I agree with Butch on that part about focusing on technology.
Ayveel Robinson there is no one solution whether it be Black owned banks or access to capital but a multitude of factors clicking in cohesion. And I didn't intend to insinuate that we should put all Black capital into Black owned banks, but we should put in more than what we have been doing since if the idea of liberation is to grow Black owned and operated Black institutions then that point simply can't be argued. And likewise having access to capital isn't a cure-all if the capital isn't used effectively, it will then only end up putting you into more debt and ruining your credit rating. And if you're waiting on Blacks to get the same access to mainstream capital as Whites then you're going to be waiting on that your entire lifetime.
Tech is where it's at especially AI!
This is what I been preaching to all black kids for the past 36 years
Tony Brown heard this year's ago . We make a lot of money as much as the top 15 country top country's in the world
Carter G. Woodson spoke of this!
frankly speaking: I disagree with (butch graves) we should not make a decision between African studies or technological studies. the answer we can do both. those trees that forget it's roots will die.. i e (black people ) . I love black enterprise magazine. and I bought the paper issues. but since electronic,..not so much.
I disagree the problem of black businesses is lack of capital availability not skills
These men have government contracts but you need to step your game up, stop preaching and get into the details.
marques bussey I don't believe that youtube is the place to outline the details and strategy. That is better done in closed door sessions inaccessible to the media. There are forces that don't want to see these things happen and revealing the game plan to the enemy makes it to easy for those plans to be subverted. Revealing general info publicly won't be too harmful but revealing too much can't be good.
where is the conversation on black culture and how it is detrimental to our community?
It’s way past time for Africans Americans to stop investing in Americaca. We keep doing the same things expecting a different outcome. Let’s us focus on growing and developing Africa. Systematic systemic racism will never allow us/black to break the glass ceiling of white supremacy. What is it going to take for us to wake up to that realization, another 400 + years?
Teach all of us black folks dont just pick people you can teach us all to do great things we might not do the same things you do specifically but at the very least we will be trained how to do it when the time comes.
We have to stop looking for leaders to direct us because all of them gets bumped off then we act like we dont know what to do african americans INDIVIDUALY have to be leaders and love and work together AND STOP SAYING WHAT OTHERS WONT LET YOU DO FIND A WAY! Get education early on no thuggin and drug sellin. Stop being so loud in what you do real people move in silence! HBCU'S is great but how do you create a path for more of our at risk black youth to go to those HBCU'S
I love this initiative 👏 🙌 ❤, this what black people needs to be doing,investing among ourselves, black rich folks needs to be putting their monies together, to build our own institutions banks 🏦, look at black churches how much monies they make every Sunday thsts a big capital for black banks 🏦, is time black folks promoting black owns ,also to start building factories for jobs
First of all there is not one fucking thing black owned in my neighborhood not one fucking thing but interracial marriage is on the rise . Enough said
there are thousands of black owned businesses................''''.Among cities, New York City had the most black-owned businesses, with 250,890 (9.7 percent of all the nation's black-owned businesses),''
what do you mean resources?
Cmack34 mill black women are the ones starting these businesses.. Black men need to stop tripping and get focused
the women versus the men is not my subject...............but no one is blocking blacks from education..................and jobs are available to those with the skills for the most part..................if you have the skill most employers won't care about whether you are black or white
robinsss yeah ur lost.. in NYC only homosexual black males are getting the jobs, feminized black men.. The strong educated black men gotta do for self.. or apply for city jobs.. sanitation, mta etc.. not putting woman against man.. but the majority of black owned businesses being opened that aren’t record labels are by black women.. im a black man and I had to do for self with 2 degrees, either no phone call back from interviews or I was over qualified.. now I work for nobody. I sit back collect residual and watch brothers tripping everywhere like they don’t have the resources to do the same
Good stuff!
Love the ending topic 👍🏾
Butch speaks like a true elitist from Westchester. "Pookie and Ray Ray"? Geez.
......and looks the part.
Are you focused on the message or the delivery?
We need to build a completely separate government from what is currently in place.
Floyd Maclin you mean the deep state and the Obama shadow govt
Good conversation but for the somewhat uninformed. How so? First, Mr. Graves. The magazine business isnt unprofitable. He ran an unprofitable magazine - big difference. In business as in life you have to adjust to market changes. Savoy magazine which Mr. Martin ran was a failure. Under a new innovative owner it's very profitable right now. Over 120 full page ads each issue. More than Essense and Ebony combined. The other guy talks about Morehouse med school and Meharry, well Morehouse med has more Black woman enrolled than Black men. Fewer Blacks are applying to med school but so are fewer native born Americans.
The other major issue is how people start business. Black women account for almost 65% of all Black Businesses. People tend to start business out of what they know. Black women usually are in low profitable jobs and start a business in a low profitable industry. For women to improve their odds of success and financial relevance they should look at industries men are in, mainly white men. White men make the money in America. Wherever they are, that is where you want to be. Lastly, the average white woman owned business makes $205k a year. Average Asain woman owned business makes $197k. Average Black woman owned business makes $23k. Many Black women do not have a spouse or significant other to help them. So the family comes back I to play. She's flying solo in most cases but with some kids to support. Tough to take flight and stay in flight.
smh, as a black man this is so sad to read.. what exactly is the black man doing then?
get together and buy BUSES to take people on weekends to shop,,leave cars in lots,,
Unite our nations Africa India China and watch how we grow. Healthy.
Speaking for myself , my Mother worked for Carl B. Stokes. I have a 3 page job resume. My credentials and im a Navy Veteran. Im woke now. I didnt vote for Donald Trump either.
.....Thanks to Wells Fargo????? SMH
Ben-O The Last 3rd Eye. Just what I was thinking, how about they open up some loans for our community to start businesses and so we can create jobs. I bet a lot of those fraud accounts were open in our community. Whos at the table asking for those loans. I would be willing to bet Wells Fargo is the title sponser at the annual party sorry I meant annual convention or golf tournament.
Wells Fargo is not our friend
💙
good info.
Easy to say merge with someone, blacks that start their own business don't want others looking at their books. They build a business for their family and that's a good thing. Did Black Enterprise merge with Ebony and or Jet.
BE was in a lane by itself. What other similar black owned business magazine could they have merged with?
It's a valid point. Only suggestion I have is they could get shares of the company and split it 4 ways or so between the founders. If they're all at the top of their game, have good teamwork, and collaborate, they could land the $5 million contracts
Yes we Have.
1. Wealth.
2. Culture
3.Busineses
4.Jesus Christ as Lord.
The True issue which we Refuse to Discuss is.
Trust we do not Trust One Another as a Community of People. That's the True Issue.
Please Give the Solution to this Problem.😔
7:36. Keeey.
Technology is what the Asians and the Indians focus on.
Neverrr
Same
Where is the Black auto dealer? Where is the Black dry cleaners, where are the Black businesses in America? And I don't mean Barber shops
Sometimes you get burned doing business with some BOB. I do love to support them though, but I am cautious as well.
Is that Earl Graves Sr. son in the sitting next to Roland?
Yes, it is.
The Privacy Act of 1974, as amended, 5 U.S.C. § 552a, establishes a code of fair information practices that governs the collection, maintenance, use, and dissemination of information about individuals that is maintained in systems of records by federal agencies. A system of records is a group of records under the control of an agency from which information is retrieved by the name of the individual or by some identifier assigned to the individual.
The Privacy Act requires that agencies give the public notice of their systems of records by publication in the Federal Register. Click here to see a list of DOJ systems of records and their Federal Register citations. The Privacy Act prohibits the disclosure of a record about an individual from a system of records absent the written consent of the individual, unless the disclosure is pursuant to one of twelve statutory exceptions. The Act also provides individuals with a means by which to seek access to and amendment of their records, and sets forth various agency record-keeping requirements.)))) So this is yet another thing legislated that our Community has been denied on all levels except that of the Super rich! When welfare is your only way of life, and black families are so exposed that they have no privacy, we are not by any means accepted into a society that provides protection! Gated community where Trevon was subtly murdered proves His Parents business was not Private nor respected! Being black is way too exposed! I am Ethiopian!
We’ve accomplished the I need to become a great financially independent “individual”.
Now we HAVE to come together financially as a community and combine businesses. So we can scale, become large enough to higher and employ our own people!!!!!
Black Joint Ventures.
Get loans from black owned banks 🏦 AND PAY THEM BACK.