Black Stats Frequently requested
data on African American consumers
Black Buying Power:
$836 Billion (2010)
Black U.S. Population:
Top Five Black Cities
- New York
Top Five Black Metros:
- New York-New Jersey
- Los Angeles
Top Five Expenditures:
- Housing $203.8 bil.
- Food $65.2 bil.
- Cars/Trucks $29.1 bil.
- Clothing $29.3 bil.
- Health Care $23.6 bil. ______________________
Quick access to key stats
Click here to go to African-American Census Bureau
2011 by Target Market News Inc. All rights reserved
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Chicago, IL 60604
Dante Lee opens office in Philippines for newly launched Web venture
19, 2011) Dante Lee, the 29 year old Internet media mogul who is the
founder of Diversity City Media and the co-founder of Lee Moss Media,
has officially launched his first overseas business venture. Lee has
opened an office in downtown Manila, Philippines - the country's capital
- for his newly formed subsidiary, Dante Lee International (DLI), which
will house his newly acquired web property -- Tagalog.com. He is
planning to re-launch the site as an online dictionary, thesaurus,
encyclopedia, and resource guide.
There are many dialects in the Philippines, but Tagalog is the official
language spoken by over 100 million Filipinos worldwide. Lee's goal is
for the site to be the ultimate resource for everything pertaining to
the Philippines - how to speak the national language, how to travel
there, what attractions to see, where to stay, where to shop, how to
interact with the people, etc.
Lee comments, "I've traveled to many Asian countries including the
Philippines, Singapore, Hong Kong, Korea, and Thailand, to research
potential international business opportunities. I chose the Philippines
for my first venture because I believe that this market has the
strongest potential for economic growth within the next 5-10 years."
Lee, who was recently featured on BET's The Mo'Nique Show with business
partner William Moss, is planning for the new web site to go live by
September 2011. "I hope I've inspired people," he says. "With 7 billion
people worldwide and only 350 million in the United States, that means
that 95% of all consumers on this planet live outside of the United
States. It's time for entrepreneurs to start thinking outside the
The Philippines, located in Southeast Asia, is an archipelago of over
7,100 islands and has an estimated population of about 92 million
people. As the world's 12th most populous country, this third world
nation is currently undergoing major development and modernization from
local and foreign investors.
Dante Lee is an award-winning entrepreneur, business coach, prolific
blogger, and the best-selling author of Black Business Secrets: 500
Tips, Strategies and Resources for the African American Entrepreneur.
His companies, Diversity City Media and Lee Moss Media, own and produce
the largest network of premium African American web properties. He has
offices in Columbus, Ohio, USA and Metro Manila, Philippines. For more
details about him or his book, visit www.DanteLee.com or
ORDER TODAY! New
"Buying Power" report: Black consumers spend as economy grows Details $507
expenditures African-American consumers are cautiously increasing their
spending in some key product categories, even as they continue to make
adjustments in a slowly growing economy. The finding comes from the 16th annual edition of "The Buying Power of Black America"
report published by Target Market News..
In 2009, black households spent an estimated $507 billion in 27 product
and services categories. That's an increase of 16.6% over the $435 billion
spent in 2008. African-Americans" total earned income for 2009 is
estimated at $836 billion...