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Target Market News launches Chicago business publication


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

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. In 2009, black households spent an estimated $507 billion in 27 product and services categories. ...
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Black Stats
Frequently requested data on African American consumers

Black Buying Power:
 $836 Billion (2010)

Black U.S. Population:
 41.1 million (2010 Census)

Top Five Black Cities (by population)
 - New York
 - Chicago
 - Detroit
 - Philadelphia
 - Houston

Top Five Black Metro Areas:
 - New York-New Jersey
 - Washington-Baltimore
 - Chicago-Gary
 - Los Angeles
 - Philadelphia

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.
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U.S. Census 
Bureau Data

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Census Bureau data

 








































































































 

Northwestern Mutual Foundation sponsors MLK Memorial Concert

(August 13, 2011) The Northwestern Mutual Foundation has been named the presenting sponsor of Morehouse College's Memorial Concert and Tribute to Martin Luther King Jr. The concert, which will take place at the Kennedy Center on Sunday, August 28 at 7 p.m., is the culminating event of the dedication weekend celebrating Dr. King.

"The entire MLK memorial weekend is dedicated to celebrating the life, dream and legacy of a great individual whose vision positively impacted the world," said Kimberley Goode, president of the Northwestern Mutual Foundation. "We are proud to support the institution where Dr. King received his formal education and began his journey toward promoting justice and equality."

The Memorial Concert will be hosted by Morehouse alumnus and Academy Award-nominated actor Samuel L. Jackson and his wife, actress LaTanya Richardson Jackson. It will feature the timeless voices of Eddie Levert, Dennis Edwards and Johnny Gill.  Grammy Award-winner Stevie Wonder and Congressman John Conyers, (D) Michigan, will both receive the Presidential Renaissance Medallion of Merit for their roles in spearheading the effort to recognize King's birthday as a national holiday. The concert is a scholarship fundraiser and the partnership between Morehouse and the Northwestern Mutual Foundation marks the first time the entities have come together for such a cause.

"Morehouse College is proud of our partnership with the Northwestern Mutual Foundation in presenting the Memorial Concert and Tribute to Martin Luther King Jr. during the weekend of the historic unveiling of the national monument," said Robert M. Franklin, president of Morehouse College. "The Northwestern Mutual Foundation recognizes the significance of paying homage to Dr. King as an American hero, and we salute them for their vision. We also thank them for their ongoing commitment to building strong communities through investing in strong leadership as the best hope for future generations -- which is, in essence, Dr. King's vision of the World House."


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