B-Me: Black Money & economics

Overview: B-Me: Black Money & Economics is a 5-month initiative dedicated to enhancing the economic standing of the black community by supporting local black-owned businesses. Through monthly patronize events and educational workshops, this program aims to promote economic empowerment, improve financial literacy, and foster entrepreneurial growth.

Program Components:

  1. Monthly Business Highlights:

    • Each month, B-Me will spotlight a different local black-owned business, featuring promotions through various media channels to raise awareness and encourage community support.

  2. Patronize Events:

    • Community-wide events will be held monthly at the highlighted businesses, encouraging local residents to patronize these establishments. Activities may include special promotions, live entertainment, and networking opportunities to boost visibility and sales.

  3. Workshops:

    • Month 1: Financial Literacy 101

      • Topics: Budgeting, saving, and managing personal finances.

    • Month 2: Business Fundamentals

      • Topics: Business planning, legal structures, and market research.

    • Month 3: Marketing and Branding

      • Topics: Effective marketing strategies, social media, and brand development.

    • Month 4: Financial Management for Businesses

      • Topics: Accounting basics, cash flow management, and financial statements.

    • Month 5: Growth Strategies and Scaling

      • Topics: Expanding operations, securing funding, and long-term planning.

  4. Entrepreneurial Sponsorship:

    • At the conclusion of the program, one local entrepreneur will be awarded a business startup sponsorship. Selection will be based on the entrepreneur's business plan, program participation, and community impact potential. The sponsorship package may include financial support, mentorship, and additional resources to help launch or scale their business.

Goals:

  • Economic Empowerment:

    • Strengthen the economic foundation of the black community by increasing the revenue and visibility of local black-owned businesses.

  • Education and Skill Development:

    • Equip participants with essential financial and business skills through comprehensive workshops.

  • Entrepreneurial Support:

    • Provide tangible support and recognition to a promising entrepreneur, fostering new business creation and growth within the community.

Impact: By the end of the 5-month B-Me program, the community will have a deeper understanding of financial literacy and business development, stronger support for local black-owned businesses, and a new or growing business contributing to the local economy. This initiative will serve as a model for economic empowerment and community solidarity.