In the year 2000, African-American households in the United States spent more than $25 billion on apparel products and services, $30 billion on new and used cars, $53 billion on entertainment and leisure, and only $5.5 billion on education. The Economic Development committee strives to change these trends and educate the community about the principles of saving and investing as well as controlled spending and disciplined consumerism. Through our various public service initiatives, we disseminate information on topics including: budgeting, saving, investing, planning for retirement, funding college/university expenses, and managing consumer credit. To encourage home ownership among lower-income families, we volunteer with Habitat for Humanity to help bring affordable homes to local families. We also encourage and support Black-owned businesses and the recycling of Black dollars within our community. We believe that through steadfast determination we can change the economic outlook and develop the financial muscle of our community.
Programs:
- Habitat for Humanity
- Financial Planning & Budgeting Workshop
- Recycle Black Dollars Project
- Adopt-A-Black Business
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