Sunday, September 16, 2018

NYC Forum to Address The Discriminating Impact Of The Black Wealth Gap

Get The Scoop Weekly On Southeast Queens. Subscribe to Our Mailing List. Receive the Latest Events, News, Jobs, and Top Community Economic Development Stories Like this one Click Here
New Book By Shawn D. Rochester The "Black Tax" Reveals The Devastating Consequences Of Financial Discrimination Against Black People

New York, NY  -- The financial cost of racial discrimination in America is real. Systemic and institutionalized racism has contributed to a disparaging wealth gap amongst the African-American community. On October 17, 2018, the Harlem Business Alliance will host the Black Economic Empowerment Breakfast at MIST Harlem.

The forum, which will be led by financial literacy expert and author of The Black Tax: The Cost of Being Black in America Shawn D. Rochester will explore the obstacles that African-Americans have faced in accumulating wealth and the appropriate economic response from personal, policy and business standpoints.

Article On The New Black Tax Book Continues After Sponsor's Message Below...

Please Support Our Ad Sponsors Who Make This Community News Blog Possible. And Don't Forget To Tell Them You Saw Their Ad in The Scoop!

Farmers Pizza
 Farmers Pizza Menu

The Black Tax Book Article Continues Below...

"When it comes to accumulating wealth in America, there has never been a level playing field for the Black Community. We are calling on community leaders, influencers and entrepreneurs to rally their base, and join the Harlem Business Alliance (, at the upcoming Black Economic Empowerment Breakfast. Our guest speaker is noted author, and financial literacy expert, Shawn D. Rochester," says Regina Smith, Executive Director.

The racial wealth gap is one of the most pressing issues faced by our country today. Research shows:

* For every $100 in white family wealth, Black families hold just $5.04.

* More than one in four Black households have zero or negative net worth, compared to less than one in ten white families without wealth.

* Black applicants were rejected at more than double the rate of white applicants on all types of loans, including conventional mortgage.

The Harlem Business Alliance has been on the front line, advocating for Harlem, and the Black community at-large as it relates to education, equity, programming, entrepreneurship, preservation of culture, technology, and groundbreaking signature events including opportunities in cannabis and now, the Black Economic Empowerment Breakfast.

"We are missing 6 million jobs, 1.4 million businesses with staff and over $8 trillion of net worth in the Black Community. The Black Tax provides that understanding in a powerful and paradigm shifting, data-driven way and lays out an economic framework that we can use to address these massive gaps," said Rochester. "We have spent far too much time focusing almost exclusively on civil and social issues, it is time to focus on economic advancement, business development and employment in our community specifically."

According to Smith, "The systemic and institutionalized racism stemming from centuries of slavery and the Jim Crow era continues to have a devastating impact on our community." Forums like the Black Economic Empowerment Breakfast are needed so that we can be reminded about how we arrived in this condition and the urgent need to develop solutions to reverse this alarming trend.

The time is now. The Black Economic Empowerment Breakfast will provide information, create dialogue and unlock opportunities for all. Scheduled for Wednesday, October 17, 8:30-10:00 AM, Mist Harlem (46 West 116th Street).

Tickets can be purchased by clicking here

Social media hashtag to follow the breakfast conversation: #theblacktaxed

For media inquiries, contact Karen Taylor Bass, 917-509-3061,

Sponsor's Messages Below

Enjoy A Tasty Meal At The New Burger King In
St. Albans, New York


 Experience This Modern, Spacious, And Affordable Place To Eat. For More Info Click Here

If You Want Truly Creative Gifts For The Holidays Shop With The B.E.S.T. Community Businesses

 Link To Best Networking

For More Information On The B.E.S.T. Networking Group Click Here

Give The Gift Of Beautiful And Affordable Photo Realistic Or Ethnic Art For The Holidays

World Class Sophisticated Art Can Portray Your Love This Holiday Season  - Discover Exceptional Black Art, Get Exclusive Custom Framing, and Receive Expert Photography from Renowned Local Artist Click Here

Beautify Your Home and Accentuate Your Life - Discover Exceptional Black Art, Get Exclusive Custom Framing, and Receive Expert Photography from Renowned Local Artist Click Here

Checkout Similar Articles Below


Posted by community events coordinator, Nzinga Lonstein Austin, is a prolific blogger who writes on the entertainment industry and issues for people with developmental and physical challenges.

She is presently in high school looking to have a career in video, film, and media. You can see more of her entertainment writing on Lonstein Movies.

About the Southeast Queens Scoop - is the premier website and only publication offering daily news and updates on the events, culture, issues, and is dedicated to the business and economic development in this largely black historic community.

The publication targets the over 350,000 residents in the Southeast Queen and Jamaica Queens area. It promotes to over 40,000 potential viewers in social media, mobile devices and search engines like Google and Bing!  To learn more about how to promote your business or organization on the Scoop or online Click Here

 No Spam Only The Scoop On Southeast Queens

Since you are here think about this please.  Do You Want The Southeast Queens Scoop To Continue To Promote Empowering News and Events largely ignored by the corporate owned mainstream media in our area?

Since most local businesses don't have large ad budgets then please consider donating to ensure we can continue our media efforts.  We appreciate all contributions ($5, $10, $15, $20, +) no amount is too small. Please donate now below or read more on donations.

No comments:

Post a Comment