NEW YORK CITY -- The largest number of African-American entrepreneurs in the country, a full 10 percent of all black businesses, and the most favorable political environment in the nation are among the reasons that Our10Plan: State of Black Business, 13th edition, the official record of the 13th annual National Black Business Month in August, rates New York at the top of its Black Business Affinity Index.
John William Templeton, author of the report since 2004, just returned from the intersection of Harriet Tubman Square and Frederick Douglass Boulevard in Harlem, leading a BlackFoodTour through a resurgent Harlem business and civic district. "With the leadership of Speaker Carl Heastie, Gov. Andrew Cuomo and Mayor Bill deBlasio, New York can lead the way to reaching the goal of ten percent of national income in the hands of African-Americans by 2020," said Templeton.
Our10Plan refers to the gap between the six percent of GDP currently received by African-Americans and their 13 percent representation in the population. Templeton contends that disparity is the single most important issue facing the 43 million blacks, and the root cause of every other disparity from education to health to criminal justice. Order the report at californiablackhistory.com
The report mines the longitudinal data from 13 years of studies of all 50 states to distill 10 Key Factors for Black Business Success. Templeton points to Rochester inventor Michel F. "Mike" Molaire, who recently presented a new class of organic molecular structures in Munich, as the type of company which can lead a renaissance of well-paying manufacturing and innovation jobs in African-American communities nationwide.
In addition to Our10Plan, Templeton launched the Journal of African-American Innovation in January to highlight African-American industrial pacesetters which have been blocked from reaching their full potential by racism in financial markets. A dozen innovators presented at his 50 Most Important African-Americans in Technology symposium in San Francisco for the initial issue. Virtual reality pioneer Mary Spio guest edited the second edition in April. Darrell G. Mottley, Esq., editor in chief of the American Bar Association's intellectual property journal, guest edits the third edition in August during National Black Business Month.
In December, Templeton laid out Our10Plan to the National Black Caucus of State Legislators in Los Angeles before leading a tour of African-American historic and business sites in Beverly Hills and Los Angeles.
To meet the knowledge gap hampering the 2.6 million black businesses, Templeton's 20-year-old daily newspaper, blackmoney.com, has expanded its coverage with 75 local editions and sections for the 80 nations in the African Diaspora at blackmoney.com/black-money-worldwide; and tackled the issue of access to capital with a directory of online services from the 25 African-American banks nationally at bankblack.info.