More than 8,000 people of faith heard National Black Business Month co-founder John William Templeton reveal that the time has come for God's prophecy to be fulfilled. "Economically, we are on the banks of the Red Sea," Templeton told the 103rd Hampton Ministers Conference. "It is time for us to reach the land of milk and honey," to loud applause as fellow speakers Rep. Bobby Scott and Hampton Mayor Donnie Tuck looked on. All week, Templeton will discuss with ministers and laypersons how to carry out the objectives of National Black Business Month by executivng the 31 Ways 31 Days strategy and aggregating consumer spending through utilizing black-owned financial institutions.
To gasps from the audience, Templeton cited Our10Plan: State of Black Business, 14th edition that only 10,000 of the 700,000 business loans made yearly by banks go to African-American firms. According to FDIC, sixty percent of those loans are made by African-American banks. "If we want to grow our businesses, get more families owning homes, then we know what we have to do. Put the resources in our black banks so that they can provide the credit access to create jobs." He will be at the Hampton Mnnisters Conference through Friday, June 9 before going to New York City for meetings with key state and local officials to discuss the findings June 12-13. All week, at the BlackWealth 2020 booth, theyre will be daily drawings for $10,000 worth of black heritage travel and boks. Leave your card at the BlackWealth 2020 booth.