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Technology, what a grand time we're in where you always have a camera or video recorder right in your pocket. After all… they are called, ‘Smartphones’! The latest greatest gadgets, have the ability to give you a great photo and even a movie, right on your Smartphone. Let's not forget Facebook Live; broadcasting to the world instantly. Let's create that show. Man, let's make that movie, let's make it viral. Get me some business cards, I can do this! You get a new smartphone, a new camera, a couple of big lenses, I can do this! All I need to do is in keep it on automatic. Hey, what's your ISO, your APERTURE, your SHUTTER SPEED? I just keep it on automatic. Man, you took those on your iPhone, on your Galaxy… I bet you could do this Wedding for me; it’s a small one, really… I bet you could! Technology has RUINED the Art of Photography/ Videography! Choices… Why on earth do I need even need you, the professional photographer or videographer? “I GOT skills!” A Visual Media Professional is an Artist first! They have a Style of telling a story. Each different, according to their ability to LISTEN and bring your (the Client) Vision to life! They are lifelong learners who never stop perfecting their craft. They invest(spend money) on equipment, training, workshops and work on their craft daily. They are passionate about creating Visuals! Shout out to all the new Creatives who feel that technology makes them a Professional. Question…What does your BRAND say? Choices… If you want to advance your Business, Non-Profit, Visuals, INVEST in obtaining a Professional!
Dee Johnson CEO/OWNER LG TV PRODUCTIONS LLC deej@lgtvproductions.com www.lgtvproductions.com www.lgtvchannel.com www.deejohnsonphotography.com
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The Choice to Support Black Businesses Understanding Black Wall Street Black Wall Street has a special place in American history that demonstrated that Black communities and Black-owned businesses could thrive economically. Recent history documents a time when Black men and women were not allowed to own property, faced violence, and many social and economic restrictions, and endured many forms of racial segregation and racebased legislation. Despite this, a sense of community and faith existed and flourished among Black neighborhoods. Black people gave each other a place for community, safety, and or strict racial segregation, Black communities were thriving economically across the country. Black Wall Street, located in the Greenwood neighborhood of Tulsa, Oklahoma was the perfect example of this Black economic empowerment resulting from cooperative economics. Black Wall Street was a thriving community in Greenwood in the early 1900s. This was a community that had bustling Black-owned businesses, theaters, schools, social health, and a strong distribution of wealth among its middle and upper classes. It is estimated that the community had more than 10,000 African American residents, and most of them were thriving socially and economically. Black Wall Street was the epitome of a self-sustaining economically empowered Black community. Black people supported each other, which allowed for easier access to resources, savings, housing, jobs, education, and health. It is imperative to understand that Black Wall Street was just one of many economically thriving Black communities in the United States. The residents of Black Wall Street owned their homes and over 40 acres of land was purchased and sold only to Black people to increase homeownership. Today the Black dollar remains in the Black community only a dismal 6 hours, but in Black Wall Street neighborhood it spent months circulating and building wealth for the Black community.
Jim Crow and Black Entrepreneurship freed Blacks these laws separated blacks from whites in all aspects of daily life. Favoring whites and repressing Blacks, these laws became an institutionalized form of inequality. In the Plessy v. Ferguson case of 1896, the U.S. Supreme Court ruled that states had the legal power to require segregation between blacks and whites. Jim Crow laws existed across the South and in the North and Midwest, segregation became equally entrenched through informal customs and practices. The Black church, selfred refuge, support, and protection, while the National Association for the Advancement of Colored People (NAACP) provided potential legal assistance. But out of the demeaning, social, political, and economic degradation of Jim Crow arose the opportunity for Blacks to establish their own businesses. The more cut off that black communities became from white communities and the more that white businessmen refused to cater to Black customers, the more possible it became for enterprising Black entrepreneurs to create viable businesses of their own. Most of these businesses were local, small-scale, and family-run. Many black entrepreneurs followed the tenets of Booker T. Washington, who had established the National Business League in 1900 to promote economic self-help. The Jim Crow Era provided the impetus for a number of Black businesses to grow and flourish, instilling a sense of pride within Black
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communities, serving as symbols of racial progress, and promising safe places to do business and socialize. The conversation and ideas that flowed freely in black business establishments also helped raise consciousness and establish a sense of solidarity within Black neighborhoods. When the Civil Rights movement gained momentum offering an end to the indignities and disenfranchisement of Jim Crow, many black entrepreneurs did what they could to support the movement financially. After the Civil Rights Act passed in 1964, and segregation was declared illegal, Black entrepreneurs could take pride in the role they had played in the Civil Rights movement despite the fact that the future viability of their segregated businesses were now in jeopardy.
Situation Analysis Black communities are the only communities in America where other ethnic groups can set up business and thrive economically. Out of the $1.3 in Black Purchasing power only 2% goes to Black businesses. If middle class Black families, families making $75,000 or more, would increase spending at Black owned business from 2% to 10% Black businesses could create 1 million new jobs. Using our collective economic power to make social change through community capital, crowd investing, banking Black, and supporting Black Businesses. Nielsen and Essence estimates that Black buying power will reach $1.3 trillion in 2019, yet only 2 percent of that money is spent at black-owned businesses. According to A new report from the Institute of Policy Studies indicates a bleak future for the wealth of Black Americans. Yet Blacks spend less money in black-owned businesses than other racial and ethnic groups spend in businesses owned by members of their groups, including Hispanics and Asians. According to Dr. Amos N. Wilson the longest boycott in history has been the Black communities boycott of Black owned businesses. African-Americans are 12 percent of the U.S. population and, only 2 percent of SBA loan volume and less than 1 percent of VC funding goes to African-American entrepreneurs. If we want to get entrepreneurial activity going again in Black America, we have to enhance talent, market intelligence, policy and regulatory affairs, business development, and marketing and brand-building.
Community Capital and How It Impacts the Black Community Community Capital solves a fundamental problem -- our economy doesn't work for everybody, it works great for a very small group of very well connected, wealthy, and powerful people, but works very poorly for the rest of the people especially the Black community. How do regular and ordinary people take back the economy and make it work for them? Community Capital is a way to take back the economy and make it work for everybody. The winner takes it all economic paradigm is on the collapse and community capital is one emerging paradigm to replace the old economy. Community Capital provides an opportunity for every group of people to invest, to profit, to own, and to engage in the civic discourse of their community they live in and become socially, politically, and economically empowered! The goal is to have everyone participate in the economy as investors and not just workers and consumers. If your role in the economy is simply as a worker, you are feeding labor into the machine or if you are only a consumer then you are
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not getting a benefit for your input. The only way to fully be invested in the economy is as an investor or business owner.
Buy The Block Crowd Investing communities to feel powerless in the face of rapid change. Linda P. Smith founded Buy The Block, a real estate crowdfunding portal and the first portal that is African American-owned, to help change that dynamic. A revolution in early stage finance is changing the way inner-city African-American communities relate to capital formation, real estate development, entrepreneurship, and job creation. The JOBS Act, is transforming how early stage investing and community economic development works. Buy The Block has created the infrastructure for the African-American community to shift some of the $1.3 trillion we have in purchasing power to small Black-owned businesses, inner-city real estate development, and tech businesses that lack access to capital Buy The Block offers an alternative financing source for developers and entrepreneurs and always comes in and before you know it, the whole neighborhood gets turned around. Buy The Block, allows individuals to play a role in their community. They can actually see their money being put to work, and potentially get a return or interest. Even a single $100 or $500 investment in an apartment complex in Detroit, for example, can help to turn a block and a community around. There is empowerment in it.
Robin Hood and Community Capital A group of researchers in France and Spain may have solved one preliminary puzzle toward in June 2018, in the journal Applied Network Science, the researchers describe a computer and shopping trips people take part in every day. The goal is to redirect more money to poorer neighborhoods so that the wealth differences between rich and poor parts of a city are evened out. The study used data from 150,000 people and 95,000 businesses in Barcelona and Madrid, and on the surface the pattern of transactions and the money spent revealed that some neighborhoods were up to five times wealthier than others. But researchers were shocked to find that if as few as 5 percent of commercial transactions were changed so that capital flowed from richer to poorer neighborhoods income inequality in those cities was drastically reduced, up to 80 percent.
Buy Black Economics At Buy Black Economics, we are not only looking to level the "financial capital" playing field but by empowering aspiring African-American business owners and real estate developers through playing field by connecting these same business owners and developers to the crowd.
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Our goal, at Buy Black Economics, is to create a new paradigm where investors become customers and brand advocates for the local businesses and real estate development where they invest their time, talent, and treasure. We want to create investors that become customers of the businesses they have invested in and promote their brands on social media, provide business advice, or make valuable connections to potential suppliers, customers, or business partners. We are excited about the potential of crowd investing and community capital to significantly strengthen our entrepreneurs and developers social capital over time. Buy Black Economics is creating an economy where everybody has the opportunity to invest on a level playing field. Ownership is core to power and when everybody has the opportunity to invest and own something in their community they are empowered and will become more civically engaged in their community.
The Buy Black Imperative Businesses drive our communities and the economies of those communities, which is why supporting local establishments is so important. Black people overwhelmingly do not support Black-owned businesses and Black people reside. Unlike other races and cultures such as the Jewish, people but especially Black people of the United States to invest in our own businesses to increase the longevity and influence within our community. Supporting black-owned businesses will create jobs, build wealth, build up communities and provide economic prosperity. In turn, this can help decrease crime by infusing money into communities, which can then support schools, libraries and community centers. The children of that community and of all communities who grow up seeing businesses owned by all races will understand there is a level playing field in the world of entrepreneurship and that diversity shown in every facet of our communities?
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