Dallas megachurch Friendship-West’s ‘100 days of buying Black’ focuses on creating new wealth – The Dallas Morning News

Texas, a state with The Most very important Black inbehaviorants and Black spending power, is a pure place To promote Black-personaled companies, says a Dallas megachurch pastor behind ongoing and new efforts to create Black wealth.

The Rev. Frederick D. Haynes, pastor of Friendship-West Baptist Church, has problemd the Dallas church’s 12,000 parishioners and completely differents to “100 Days Of buying for Black.”

The advertising campaign started Sept. 23 and runs by way of The prime of this yr as An factor of the One hundredth commemoration of the Tulsa Race Bloodbath. The objective of the problem is to proceed the legacy of Black Wall Road by strengthening the financial base of the Black group nationwide, Haynes sassist.

Wright hereas the idea to assist Black companies isn’t new, Haynes sassist it’s one he believes Is important to proceed to introduce and increase as wages and spending power rise.

Black buying for power in Texas led the states with $148 billion in 2020, adopted by Ny and Georgia, Based mostly on the College of Georgia’s Selig Center for Economic Progress annual report. Final yr, “African American financial clout energized the U.S. shopper market as by no means earlier than” rising 14% to $1.6 trillion, the report sassist. That represents 9% of U.S. shopper buying for power.

So far, 1,500 people have registered on Friendship-West’s internet website to log In further than $300,000 in spending.

“That doesn’t account for all of us,” Haynes sassist.

He’s not of the period To hurry to The Laptop Pc, however is Aware of that phrase of the problem is spstudying and completely differents throughout the nation are consciously making it a behavior to spend at Black companies.

“For me, it’s simply an financial behavior, An factor of my routine,” he sassist, and he recited a people saying, “We’re not new to this. We’re true to this.”

100 Days is simply Friendship-West’s Latest effort.

The Rev. Frederick Haynes has been the pastor at Friendship-West Baptist Church for 38 yrs. He spoke at a listening to at Southern Methodist College A pair of yrs in the past on fedperiodl legal guidelines to crack dpersonal on predatory school loans.(Ashley Landis / Staff Photographer)

Enchancment of the church 20 yrs in the past sought out Black-personaled companies. And in 2016, the church started West Wall Road, a frequent buying event for The genperiodl …….

Source: https://www.dallasnews.com/business/retail/2021/11/23/dallas-megachurch-friendship-wests-100-days-of-buying-black-focuses-on-creating-new-wealth/