Category Archives: Economics

NJ Resources for Business Growth

WHEN:
September 12, 2018 @ 2:00 pm – 5:30 pm
WHERE:
Brower Student Center, Event Room 100 East/West at The College of New Jersey
2000 Pennington Rd
Ewing Township, NJ 08628
USA
COST:
Free to attend

If you are a business owner and/or aspiring entrepreneur, the New Jersey Business Action Center (BAC) wants you to know about the many programs and incentives available to help your business grow and thrive.

You are invited to join BAC Executive Director Melanie Willoughby for an event Wednesday, September 12th to discuss how these incentives and programs can help you, and how you can take advantage of them.

Joining Willoughby will be representatives of the state agencies involved, including the Economic Development Authority, Department of Labor and Workforce Development, Department of the Treasury, the State Library, Board of Public Utilities, Small Business Development Center and others. These representatives will be available for one-on-one discussions at the meeting.

This program is organized by the New Jersey Business Action Center, the New Jersey Chamber of Commerce, and our MIDJersey Chamber. Hosted by The College of New Jersey.

Registration begins at 2:00 pm

Programs runs from 2:30 pm until 5:30 pm

Did you know …

  •  The State will pay you to become green?
  •  You can access powerful online databases with your library card at no charge?
  •  Micro-loans up to $50,000 are available for small business?
  •  Business advocates can help you develop an export marketing plan?
  •  You can purchase a building for your enterprise with as little as 10% down?

 

BAR Book Forum: Mehrsa Baradaran’s “The Color of Money” | Black Agenda Report

“And while racism has often been popularly considered as physical power and violence, the history of racial slavery in the United States demonstrates that violence and economic exploitation are often one and the same thing.”

 Banking Against (Black) Capitalism: On “The Color of Money” By Armond Towns, Carolyn Hardin

“When the Emancipation Proclamation was signed, the black community controlled about 1% of the nation’s wealth. Over 150 years later, that number hasn’t budged. The reason for this lack of economic progress despite the fact that racial progress has been made is the story I tell in my book.”

Source: BAR Book Forum: Mehrsa Baradaran’s “The Color of Money” | Black Agenda Report

Black-White Wage Gap Grows as Americans Remain in Denial

The wage gap between blacks and whites is the worst it’s been in nearly four decades, according to a new report from the Economic Policy Institute.

Last year, the hourly pay gap between blacks and whites widened to 26.7%, with whites making an average of $25.22 an hour compared to $18.49 for blacks, the EPI found. Almost 40 years ago, in 1979, the wage gap between blacks and whites was 18.1%, with whites earning an inflation-adjusted average of $19.62 an hour and blacks earning $16.07 an hour.

 What’s driving the wage gap has little to do with access to education, disparities in work experience or where someone lives, EPI found. Rather, the researchers found “discrimination…and growing earnings inequality in general,” to be the primary factors at play.

“Race is not a skill or characteristic that should have any market value as it relates to your wages, but it does,” said Valerie Wilson, the director of the program on Race, Ethnicity and the Economy at the EPI and a co-author of the report. (CNN)

Source: Black-White Wage Gap Grows as Americans Remain in Denial – Pacific Standard

Black women must work 7 months to get paid on the same level as white men

Ramaphosa wants single currency for Africa | The Citizen

President Cyril Ramaphosa did not appear a stranger to the African Union as he strolled into the closing session of the African Continental Free Trade Area Business Forum in Kigali on Tuesday afternoon. In fact, there was a mild case of continental Ramaphoria in the audience of African businesspeople, politicians, officials and hangers-on as Ramaphosa declared:

“The issue of visas for Rwandese to South Africa, consider it as a matter that is solved.”

There were whoops and gasps from the room, then applause.

Just last month, former president Jacob Zuma wanted to hang on to the presidency a few months longer so he could introduce Ramaphosa to the AU and the Southern African Development Community.

Former Nigerian president Olusegun Obasanjo welcomed Ramaphosa warmly, and congratulated him, and also “all of the people in South Africa for their transition”.

A high-ranking member of the Nigerian delegation, when asked about his country’s views, said the rest of the continent shared in the South Africans’ relief at the transition.

At the close of the session with Ramaphosa, the announcer enthusiastically declared:

“Can you feel the change? Change is in the air!”

Source: Ramaphosa wants single currency for Africa | The Citizen

Also See This article about Ramaphosa

Winning battle against poverty by 2020

China has a plan to lift everyone out of poverty by 2020! 2020! What plan does the so-called richest country (USA) in the world have for eliminating poverty? None that I know of.

Decoding Xi’s report – Poverty relief

Source: Winning battle against poverty by 2020

More: http://english.gov.cn/news/video/2016/10/16/content_281475467649421.htm

 

AACCNJ Small Business Showcase


Small Business Showcase
Sharing information on technical support for small businesses and highlighting local restaurants in Trenton.
Who: African American Chamber of Commerce of New Jersey (AACCNJ)
What: Businesses presenting information about what they offer
Where: Lighthouse Outreach Ministry, 715 Bellevue Ave., Trenton
When: Wednesday, November 8, 5:30 PM – 8:30 PM
Why: To inform, increase awareness, share information, link resources and provide opportunities for small business owners and public to connect.
Additional event details:
FREE and Open to the Public
Participating Businesses:
S.C.O.R.E.
IFEL – Institute for Entrepreneurial Leadership
UCEDC – Resources and Solutions for Small Business
TD Bank
Jersey Flight Football
Event Sponsors:
Verizon
Wells Fargo
AACCNJ’s Mission:
The African American Chamber of Commerce of New Jersey, Inc., (AACCNJ) is dedicated to economically empowering and sustaining African American communities through entrepreneurship and capitalistic activities within the State of New Jersey and via interaction with the National Black Chamber of Commerce, Inc. (NBCC). The AACCNJ has been incorporated as a 501(c)(3) in accordance with the Internal Revenue Code and provides advocacy and support for businesses throughout the State of New Jersey.

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New African literature is disrupting what Western presses prize

There is a thriving counter-current of transnational African literary life that confounds rather than caters to an international taste for “digestible” fiction.

African literature is the object of immense international interest across both academic and popular registers. Far from the field’s earlier, post-colonial association with marginality, a handful of star “Afropolitan” names are at the forefront of global trade publishing.

Books like Chimamanda Adichie’s “Americanah” and “Half of a Yellow Sun”, Teju Cole’s “Open City”, Taiye Selasi’s “Ghana Must Go” and Yaa Gyasi’s “Homegoing” have confounded neat divisions between Western and African literary traditions. The Cameroonian novelist Imbolo Mbue captured a million-dollar contract for her first book, “Behold the Dreamers”. That’s even before it joined the Oprah’s Book Club pantheon this year.

Source: New African literature is disrupting what Western presses prize

Editorial #2 – We Need A Seat At The Table

“If you don’t have a seat at the table you are probably on the menu”.

Back in the day when we didn’t have many choices but to serve, we were told to build a table. So we built a table and some chairs. When we were done we were sent back to our place. We never sat at the table.

It was at the table where so much was decided. Our futures were decided at that table. War and peace was decided at that table. That table saw and decided the path the country would follow. But we never sat at that table. We served it. We heard everything that went on, whether we understood it or not.

But we never had a seat.

Come up to today and there are many tables where we still don’t have a seat.

Do you realize there are thousands of boards, commissions, tribunals, committees, authorities, regulatory bodies, courts, chambers etc. all over the state? Most of these we have never heard anything about. But these bodies dole out millions, nay billions of dollars every year and we don’t know what they’re doing or who they are giving money to.

One thing we know, our communities are not getting any better financially. They are spending $300 million on renovating the state house while saying they will give Trenton $18 million for various projects. Imagine if they spent that $300 million on Trenton and the $18 million on the state house how much different out city would look.

We need seats at the tables where decisions are made as to who get these public funds. I was at a New Jersey Economic Development Authority meeting a few months back. They gave out about $100 million that day. But none to any Black faces.

Sometimes there a African Americans on these Boards but I question whether they are there to represent the Black community or do they think they are there to represent the entire state. I want people who will represent and fight to get our communities and our businesses funds to improve our lot.

It doesn’t seem as though the distribution of wealth has come home to us. This has got to change. We pay our just share of taxes to the state coffers. We need to get our just share of wealth coming back to us.

At the moment, we don’t have the businesses and other structures to utilize all the funds due us. But that’s because of past injustices. The injustices have been long and painful. It has to stop.

Our plan is to sit in on every commission and board and authority and court session brought to order in New Jersey. We intend to bring together a mass of volunteers who will spread out and join in every ‘sit-down’ in the state.

We are going to have a seat at the table. It may not be an official seat but we will know what is going on and we will report back to the community who got what and for what. We’ll also say if there were people who looked like us who actually represented us or they were there for the status quo.

Enough is enough. We may get a Democrat for governor in November. If we do I want to know what he is going to do for us. We’ve supported democrats for ages and now it’s time for them to support us with the same fervor.

So if you are tired of being tired we’ll need your help to do this. We have to roll up our sleeves and dig in. We can, we must do this. The future well-being of our children and grandchildren rests with what we do now.

I’m not easy on me and I’m not going to be easy on you. We have a job to do.

Like Michael said, ‘take a look in the mirror and make a change’.

“Up you mighty race, you can accomplish what you will” Marcus Mosiah Garvey

Black-Owned Handbag Company Kicks Off National Black College Tour to Promote Their HBCU themed Custom Clutch Purses to Female Students and Alumni

Husband and wife team, Quinn Conyers and Isa Abdul-Raheem, are going on a 6-city HBCU tour to promote their unique handbags to female students and alumni.

Black Sorority members and graduates of HBCUs will soon have a sophisticated alternative to showcase their college spirit after custom clutch company, Purse Paparazzi, announced a plan to launch a custom HBCU collection.

Purse Paparazzi offers an assortment of unique, stylish and edgy clutches for every occasion. But the company is mostly known for its creative purses catering to the historical Divine Nine Sororities including Alpha Kappa Alpha, Delta Sigma Theta, Zeta Phi Beta and Sigma Gamma Rho Sorority Incorporated. As licensed vendors for each organization, the company offers their unique custom clutches on their website and at various events and conferences hosted by each sorority.

The new HBCU line will capture the essence and pride of women who attend or graduated from Historically Black Colleges or Universities. Purse Paparazzi is already licensed with Bowie State University and plans are afoot to add an additional 10 HBCU’s to the custom clutch collection.

Purse Paparazzi is owned by husband and wife team, Quinn Conyers and Isa Abdul-Raheem. Quinn is a proud Howard University graduate and Isa is a proud Eagle alumni from Coppin State University in Baltimore MD.

Questioned about the motivation for introducing the new collection, Conyers explained: “Our motivation for the new HBCU line comes from the pride and esteem many Blacks/Africans have regarding their HBCU. The HBCU clutch collection is our way of showing our school pride and expanding our unique brand.”

The HBCU collection will be launched during a Homecoming tour in Fall 2017. For further information or to submit a custom order, visit www.PursePaparazzi.com.

 

About Purse Paparazzi:
The Purse Paparazzi was founded by husband and wife team Quinn Conyers and Isa Abdul-Raheem. The company specializes in custom purses and clutches for women in organizations or who share a common interest.

 

PRESS CONTACT:
Quinn Conyers
quinn@thepursepaparazzi.com
443-449-4148

Source: Black-Owned Handbag Company Kicks Off National Black College Tour to Promote Their HBCU themed Custom Clutch Purses to Female Students and Alumni

If you hate Colin Kaepernick, you must also hate Jackie Robinson

There I was, the black grandson of a slave, the son of a black sharecropper, part of a historic occasion, a symbolic hero to my people. The air was sparkling. The sunlight was warm. The band struck up the national anthem. The flag billowed in the wind. It should have been a glorious moment for me as the stirring words of the national anthem poured from the stands. Perhaps, it was, but then again, perhaps, the anthem could be called the theme song for a drama called The Noble Experiment. Today, as I look back on that opening game of my first world series, I must tell you that it was Mr. Rickey’s drama and that I was only a principal actor. As I write this twenty years later, I cannot stand and sing the anthem. I cannot salute the flag; I know that I am a black man in a white world. In 1972, in 1947, at my birth in 1919, I know that I never had it made.

Read more: http://www.nydailynews.com/news/national/king-hate-colin-kaepernick-hate-jackie-robinson-article-1.2771561