SAN FRANCISCO — The fifth annual National Black Business Month calls upon the entrepreneural energy and untapped markets of 40 million African-Americans to drive a rebound from a deepening economic crisis that threatens to undo the gains of the past generations.
“Energy to Feed Hope” is derived from the findings of the fifth annual State of Black Business report–Trouble in the Air –that African-Americans must see the spiraling global crisis in food, energy and water as an opportunity to create new enterprises and open markets while undergirding the fragile finances of their individual households.
“There is limited help coming from government to address the impact of the subprime mortgage crisis,” noted author John William Templeton, executive editor of blackmoney.com. “A doubling of energy prices affects the most disadvantaged communities first and deepest and we have yet to see fair treatment for the survivors of Hurricane Katrina.”
Templeton and Frederick Jordan, P.E. started the observance in 2004 to highlight the importaance of the 1.2 million African-American businesses to their communities and to the national economy.
It is intended to address the “black business blind spot” which keeps policy makers from including the concerns of black businesses in their decisionmaking.
Another goal is to remind black consumers of the positive impact they can make on their own lives by adopting a practice of regularly patronizing African-American firms.
The official web site for the month. blackbusinessmonth.com, provides 31 different ideas to use black owned firms, including non-profit enterprises, during the month of August 2008.
It also links to blackrestaurant.net, a growing list which points consumers to some of the 20,000 African-American eateries which are foundations in their communities and lure for visitors.
Another goal is to provide pathways for new entrepreneurs, often hobbled by lack of information. Individual data pages on each state in the Union provide details on the current status of black businesses and market opportunities.
Illinois was chosen as the most friendly state to black-owned business in this year’s State of Black Business report. Last year’s winner, New York, ranked second, followed by Florida, Virginia and Maryland. Part of the analysis involved a ratio of black self-employment to the level of self-employment in the white population
Trouble in the Air: State of Black Business is available from eAccess Corp,, a San Francisco based multimedia publisher celebrating its 20 year in July 2008 founded by Templeton after serving as editor of the San Jose Business Journal. The five annual State of Black Business reports are among the 31 titles produced by eAccess Corp since 1988