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Buy Black, Bank Black national campaigns

JAMES CLINGMAN | 11/13/2016, 7:20 p.m.
The advent of initiatives throughout this country to “Buy Black” and “Bank Black” can be traced back to the early ...
James Clingman

In order for a movement to be sustained, it must be organized, and it must have a vehicle through which our strategies can be tested, measured, adjusted and brought to fruition. It must also comprise a critical mass of dedicated, resolute, unapologetic and unrelenting foot soldiers to make the requisite sacrifices necessary for long term success.

Buying and banking Black is about leveraging our dollars to distribute our products cost efficiently and cost effectively and having the ability to create economies of scale by working and buying cooperatively. We must think differently about opening bank accounts. They should be viewed as actual investments in our banks and credit unions as we open saving accounts and other instruments that have a longer-term positive effect on their balance sheets. Our nonprofit organizations should have some of their funds on account at Black banks as well, and we should hold them responsible for doing so. Buying and banking Black must have a positive impact on our own future.

What is that vehicle, and who are those people that are already organized, already solidified, already sacrificing, already committed and already depositing their funds into a Black bank? I’m glad you asked. It’s THE One Million Conscious and Conscientious Black Contributors and Voters. Go to http://www.iamoneofthemillion.com and check it out. If you agree with some of our principles and positions, please join us.

Jim Clingman, founder of the Greater Cincinnati African American Chamber of Commerce, is the author of Black Dollar$ Matter: Teach Your Dollars How to Make More Sense. He can be reached through his website, http://www.blackonomics.com.