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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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Barbara Graves, wife of Black Enterprise founder Earl Graves Sr., dies

By Black Enterprise
(May 25, 2012) Family matriarch and a guiding force of Black Enterprise, Barbara Kydd Graves succumbed early this morning at Howard University Hospital after a more than three-year battle with gall bladder cancer. She was 74.

The wife of Earl G. Graves Sr., the founder, chairman and publisher of Black Enterprise, she played a vital role in the growth and development of the publication and media company, and its mission of economic empowerment and wealth building for African Americans.

Since the launch of Black Enterprise Magazine in 1970, Barbara Graves, an alumna of Brooklyn College and a former elementary school teacher, held every major position, including editorial director, circulation director and chief financial officer, during the 40-plus-year history of this company. Along the way, she is credited with grooming and developing several generations of executive leadership, including sons Earl Jr., Johnny and Michael, all of whom have worked as executives at Black Enterprise. Graves also co-founded and guided the Black Enterprise Women of Power Summit, the premier networking event and conference for women executives of color.

"My mother was a steadfast and loving partner and counselor to my father; his quiet source of strength and inspiration," says Earl Graves Jr., president and CEO of Black Enterprise. "She served as mentor and guide to several generations of employees, managers and professionals. Above all, she genuinely cared for every member of the Black Enterprise family, and held a special passion for children and young people in particular."

Funeral arrangements have yet to be announced.



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