Florida Courier, April 19, 2019

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APRIL 19 – APRIL 25, 2019

VOLUME 27 NO. 16

WELLS FARGO TO THE RESCUE A 2002 study calculates the cost to the Daytona Beach area if Wells Fargo’s foreclosure lawsuit shuts Bethune-Cookman University down. Editor’s note: Go to http://flcourier.com to download a copy of a summary of the study’s findings and the full study itself. BY THE FLORIDA COURIER STAFF

DAYTONA BEACH – A 2002 economic study unearthed by Florida Courier researchers indicates that Bethune-Cookman College (now University) has contributed a minimum economic impact of more than $4 billion to the Daytona Beach area’s local economy over the past 16 years. Titled “Economic Impact Study of Bethune-Cookman College on the Daytona Beach Area,” the study was written by principal investigator/project manager Dr. Mark Soskin, then an associate professor of eco-

PART 2 nomics at the Universal of Central Florida (UCF), and Dr. Bradley Braun, then associate dean of UCF’s College of Business. Braun also developed the financial models which determined B-CC’s financial impact on Daytona Beach and its immediate surrounding areas – but excluding much of West Volusia County.

Credible and experienced Both Soskin and Braun had “a long track record in surveying, measuring, and analyzing the economic impact of widelydivergent players in the Central Florida economy,” they wrote at the time. “Over the past two decades, we have been hired to determine the impact of the University of Central Florida; Daytona Racing, Spring Break, Bike Week, and BCR (Black College Reunion) special events; the convention industry; Port Canaveral and the cruise Industry; Florida theme parks; NASA operations; The Citrus Bowl; and the See B-CU, Page A2

FLORIDA COURIER FILES

Bethune-Cookman University’s economic impact on the Daytona Beach area lags behind only Daytona International Speedway and Bike Week activities.

DILLARD CENTER FOR THE ARTS / FORT LAUDERDALE

America’s best high school jazz band

Bethune’s ‘green’ power Impact not exaggerated, author of study says BY THE FLORIDA COURIER STAFF

PARIS, FRANCE – In an exclusive interview with the Florida Courier from Paris, Dr. Mark Soskin defended his 2002 study highlighting BethuneCookman University’s economic impact on the Daytona Beach area. Justifying his work isn’t new for the former associate professor of economics at the UniDr. Mark versity of Central FlorSoskin ida, who retired some two years ago after 28 years at UCF. He’s accustomed to hearing naysayers who find it impossible to believe Black economic power. “I ran into the same community resistance to my scientific study findings about Black College Reunion,” he explained. “(Some people believe) African-American enterprises can’t possibly have major economic impact. “Yet those same closet bigots believe the equally wrong and opposite stereotype that Blacks spend all their money and can’t save. I wish they’d get their racism straight,” he quipped.

Bogus studies

CHARLES W. CHERRY II / FLORIDA COURIER

Bandmaster Christopher Dorsey and his DCA Jazz Ensemble took a selfie during their spring concert on April 14. The band travels to New York City’s Lincoln Center next month to defend their first-place crown at the 24th Annual Essentially Ellington High School Jazz Band Competition & Festival, the nation’s premier jazz education event. They’ve won the national competition in 2011, 2012 and 2018.

“But seriously, it’s most other impact studies that are greatly exaggerated! Olympics, pro sports teams, recruiting an auto assembly plant to town costing taxpayers big-time and (that) don’t pay off…” “B-CU’s impact is far greater than even larger public universities (relying on tuition and taxes by locals) because private colleges are entirely funded by outside money. If the college closed, See IMPACT, Page A2

SNAPSHOTS NATION & WORLD | A6

What Harris’ tax returns show

FLORIDA | A3

Governor touts free speech on campuses

ALSO INSIDE

Nearly 5 years since Nigeria girls kidnapped

B-CU sponsors summer youth accountancy program DAYTONA BEACH – BethuneCookman University will hold an Accounting Careers and Awareness Program (ACAP) Residency Week from June 23 to June 28. The program prepares students to pursue higher education by learning about the college application process, financial aid require-

ments, and scholarships. It will also inform students about the career opportunities available in accounting, finance, and business, and teach them interview skills, résumé building, and dining etiquette. Students will live on campus each night of the program. They will be introduced to accounting, finance, economics and management through a customized curriculum involving guest lecturers from the business community.

No cost to students Students selected will pay no cost to participate, but there will be a $25 registration fee for stu-

dents who are accepted. ACAP is open to non-White Florida high school students that will be juniors or seniors by fall 2019, with a minimum unweighted GPA of 3.2. Consideration will be given to those who are actively involved in campus and community service. For an application packet, email cbe@cookman.edu or contact Johnny Johnson at 386-481-2824 or 850-556-2762. The completed application packet is due by May 3. Selections will be made by May 10. A mandatory orientation meeting is scheduled for May 26 for students selected.

COMMENTARY: CHARLES W. CHERRY II: RANDOM THOUGHTS OF A FREE BLACK MIND | A4 GUEST COMMENTARY: GLEN FORD: A RECKONING FOR SHARPTON AND BLACK MISLEADERSHIP CLASS | A5


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