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Chicago's black businesses


Target Market News has introduced Black Business Chicago, a new monthly which will spotlight news and features on Chicago's African-American businesses, corporate executives and local economic issues. The publication will also be supplemented by a Web site, blackbusinesschicago.com, that will provide updated coverage of relevant business news on a daily and weekly basis between issues of the monthly print publication. Click for more ____________________________________

Buying Power report: Blacks spend as economy grows
New 16th edition shows $507 bil in spending



The finding comes from the 16th annual edition of "The Buying Power of Black America" report. In 2009, black households spent an estimated $507 billion in 27 product and services categories. ...

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Johnson Publishing moving its Chicago offices to new Michigan Ave. address

(January 8, 2012) Crain's Chicago Business is reporting that Johnson Publishing Co. has chosen a new home now that it has sold its iconic building on South Michigan Ave. The new headquarters for Ebony and Jet magazines and Fashion Fair Cosmetics will be five blocks north on the top floors of the Borg-Warner skyscraper at 200 S. Michigan Ave.

Johnson Publishing Co. was given 18 months to re-locate after the headquarters that JPC founder John H. Johnson had built in 1971 was sold in November 2010 to Columbia College Chicago. The college plans to make the building at 820 S. Michigan Ave. its library facility.

This won’t be the first time that the Borg-Warner building has been home to a historic, black-owned media company. The Chicago Defender became a tenant in 2005 after it moved from its own South Michigan Ave. headquarters following its purchase by Real Times Media. The newspaper moved south from downtown Chicago in 2009 to its own building in Bronzeville.


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