Black Stats Frequently requested
data on African American consumers
Black Buying Power:
$836 Billion (2010)
Black U.S. Population:
Top Five Black Cities
- New York
Top Five Black Metros:
- New York-New Jersey
- Los Angeles
Top Five Expenditures:
- Housing $203.8 bil.
- Food $65.2 bil.
- Cars/Trucks $29.1 bil.
- Clothing $29.3 bil.
- Health Care $23.6 bil. ______________________
Quick access to key stats
Click here to go to African-American Census Bureau
2011 by Target Market News Inc. All rights reserved
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Chicago, IL 60604
Ford says 2010 goal was exceeded for spending with minority, women
(May 13, 2011) Ford Motor Company announced today that it exceeded its
supplier diversity sourcing goals by purchasing $4.1 billion in goods
and services from its tier-one minority- and women-owned business
enterprises in 2010.
The increase from $2.7 billion in 2009 reflects higher vehicle
production volumes, expanded sourcing to existing suppliers and the
addition of several new minority- and women-owned businesses.
In addition, Ford's tier-one suppliers spent $1.29 billion with tier-two
minority- and women-owned businesses in 2010, an increase from $1.02
billion in 2009.
"Ford Motor Company takes very seriously its commitment to developing
and growing a diverse supply base," said Tony Brown, group vice
president, Global Purchasing. "These companies offer a wealth of
innovation, and if we are to remain competitive, it is imperative that
we connect with the best of the best. Not only does this strengthen our
supply network, it creates jobs and economic growth for the communities
that we serve."
The $4.1 billion spent in 2010 surpasses Ford's annual goal of sourcing
more than 10 percent of its U.S. production and non-production business
with diverse suppliers.
Ford's Supplier Diversity Development program represents a commitment to
providing a broad range of supplier opportunities and resources. Ford
understands the value of ensuring that its suppliers represent all
segments of the business community, and mirror those communities in
which it does business. Ford's Supplier Diversity Development Office
works with business leaders, trade associations and community-based
organizations that represent the interests of diverse businesses to
empower communities through economic development.
"Our suppliers are of paramount importance to our success as a company
and in serving our diverse customer base," said Carla-Traci Preston,
director, Supplier Diversity Development. "At Ford, we are strongly
committed to maintaining qualified and certified minority- and
Developing the next generation of diverse business leaders is an
important part of a healthy, diverse supplier network. As part of this
week's Michigan Minority Procurement Conference at Cobo Conference
Center in Detroit, Ford and the Michigan Minority Supplier Development
Council (MMSDC) are sponsoring the MMSDC Ford Diversity Internship
Program. More than 70 high school juniors and seniors from schools
throughout Metro Detroit are interviewing with minority- and women-owned
businesses that will provide internships and mentoring to more than 20
students this summer.
"This is an opportunity to match some of the best and brightest high
school juniors and seniors throughout Metro Detroit with minority- and
women-owned companies," said Preston. "These students represent the next
generation of diverse business leaders who have the potential to
significantly impact the future of our state, nation and the global
ORDER TODAY! New
"Buying Power" report: Black consumers spend as economy grows Details $507
expenditures African-American consumers are cautiously increasing their
spending in some key product categories, even as they continue to make
adjustments in a slowly growing economy. The finding comes from the 16th annual edition of "The Buying Power of Black America"
report published by Target Market News..
In 2009, black households spent an estimated $507 billion in 27 product
and services categories. That's an increase of 16.6% over the $435 billion
spent in 2008. African-Americans" total earned income for 2009 is
estimated at $836 billion...