African American Digest is a educational website committed to preserving, developing and providing easy access to biographies, research and statistics about African Americans. The purpose of this website is to highlight the accomplishments of individual African Americans across a variety of professions, to pay tribute to those who have played a role in shaping American society, and to preserve this material for future generations. Principal Wins Milken National Educator Award
An Economic Powerhouse In 2007 the buying power of African Americans reached $845 billion. If African Americans were a country they would be the 16th largest economy in the world based on gross domestic product (GDP). The 25 Largest Economies In The World
Source: World Bank (2007) The Ten Largest African American Markets African Americans like most American families spend 80% of their disposable income within a 20 mile radius of home. In 2007 the 10 largest African American markets accounted for 61% of buying power.
Source: Selig Center for Economic Growth (2007) The Largest Transfer Of Wealth In Human History In 2002, more than 1.2 million African American owned businesses generated nearly $90 billion in revenues. African American owned businesses capture only 10% of the buying power of African Americans. Source: U.S. Census Ownership Is The Key To Building Wealth Ownership is the key to building wealth and succeeding financially. Whether it's a home, a business or a savings account, our economy rewards owners with access to credit necessary to participate in the mainstream economy. The investments we make in our education, homes and businesses, enable us in turn to have good jobs which lead to more saving and investing. Thus, we are ever accumulating the resources needed to provide for our families and ourselves. The Wealth Pyramid
In 2008 Forbes magazine ranked Warren Buffet as the richest man in the world. His holding company Berkshire Hathaway invests in more than a hundred public and private companies. Everyday millions of Americans at the base of the pyramid transfers wealth to Warren Buffet. When someone buys a scoop of ice cream from Dairy Queen, purchase a pair of Spalding tennis shoes or switch to GEICO insurance wealth is transferred to Warren Buffet because he owns the companies that sell the products and services. The key to amassing wealth is through becoming an entrepreneur and building your financial future through your own business. Facts About Small Businesses
Clearly small businesses are important and critical to our
communities. They provide jobs to residents revenue to the
local governments and economic vitality.
Source: U.S. Census
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Featured Scholarship
The Ron Brown Scholar Program annually awards twenty $40,000 college scholarships to extraordinary African-American high school seniors. No restrictions are placed on the students' choices of school or discipline. Since 1997, the program has awarded 221 scholarships, with Scholars studying at colleges and universities across the United States. Scholars' interests range from medicine to public policy, from the creative arts to business.
Ron Brown Scholar
Program CAP Charitable Foundation
1160 Pepsi
Place Suite 206
Charlottesville VA 22901
(434) 964-1588
(434) 964-1589 Fax
www.ronbrown.org
Featured Scholar
Michelle Smith is a senior at Gateway High School where she is ranked in the top 4% of her class with a 4.17 GPA, making her the highest ranking African-American student in the senior class. Michelle is active in Student Council, National Honor Society, Future Business Leaders of America, and LINK Leaders. She is also on the Varsity Poms, Junior Varsity Tennis and Varsity Swimming teams. Exceptional success in advance placement classes, honors level courses, athletics, and her participation in numerous extracurricular activities, has earned Michelle a 2006 Boettcher Scholarship,one of the most prestigious honors that can be given to a Colorado high school senior.
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