Black Wealth Development   1/28/21

 There are several means to acquire wealth to the new black economy.

 Workers at Large

There are those who have decided to take careers outside the community who attract income through their employment, bringing wealth into the community.  Transit workers, corporate employees, Hospital, Police, Prison, Fire fighters bring income to the community.  All this money must come into the community and never leave.  Money must be spent within, for consumer goods, appliances, automobiles, electrical and plumbing repairs, roofing, siding, painting, Kitchens and bath renovation, Heating, Air Conditioning, furniture, home improvements, clothing, food, and entertainment al as much as possible from community businesses.   10% or more of individual income must be set aside in community banks. Until Banks are established money can be stored in on line brokerage accounts and invested in secure stocks in order to compound interest at rates from10-20% per year.  As community businesses become public corporations with common stock available, investments can be made in those businesses. With the development of these businesses the return on investments should add substantial wealth to the community economy.

 Managerial Sector:

 These are the folks who go about the business of business within the community.  These are the retailers, suppliers, manufacturers, wholesalers, bankers; service trades companies, accountants, lawyers, transporters of goods and services, at every level of profit. Every level of exchange of goods from manufacturing to disposal, there is a level of profit that needs to be captured to the community. If it takes money from the community, it needs to be brought into the community.

 Innovators: 

These are the engineers, computer services, and marketers that will create new services and methods for the economy. Their vision for real estate, new products and services will make the community a more pleasant place to work live and play.

Family

 Family will be the heart of the value development of trust, ethics, direction and drive for youth to follow.  Community groups and action groups must reinforce the values to make everyone’s participation valuable and rewarded. The development of close knit community of trust and mutual benefit needs to model itself after the small villages all over the world, where everyone is important, contributes what they can and is looked after by the community as a whole.

Education:

 Education must be aligned with community goals. Local Boards can designate resources and time for state educational requirements, and community economic skills development. Every student should be graduated into a path of their own passion, to a life of contribution and sense of accomplishment. Every job is a good job.

 

Government:

Needs to be reorganized to provide assistance by providing the resources for education, public services, and using community resources for public works projects. Community contractors must be aggressively competitive to win these projects.  Companies need to bring together the community skills of labor, engineering, organization to meet the specifications of the work.  This will only happen with community goals of developing talent. None of this falls off a tree. It requires training, education and professional development. Experience outside the community can be brought back to the community. 

 Trade Groups:

Associations must be formed in neighborhoods, to meet and discuss business plans and new methods of improving business.  Cooperative buying, advertising, staff develop and recruitment. Youth from skills training in High Schools and trade schools should be invited to join as junior members. Mentoring activities will insure good success and encouragement through the hard times, and many avoided mistakes in business judgment. The craft guilds of Europe were at the center of advancement for centuries.

 Churches:

Churches are a part of the community, family fabric, provided they reinforce the values and motivation for people to trust and work together.  Churches have failed at this important function to be a forum for transferring values and codes of conduct to young and old alike.  There is a need for redirection, back to the basics of loving one another on a community level so citizens are respected and deliver respect in their inner intentions and overt action. Without respect, there is no trust.  Without community trust towards the common good, there is no community. 

These are what make every successful culture thrive.