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 Black Stats  
Frequently requested data on African American consumers

Black Buying Power:
 $836 Billion (2010)

Black U.S. Population:
 41.1 million

Top Five Black Cities
 - New York
 - Chicago
 - Detroit
 - Philadelphia
 - Houston

Top Five Black Metros:
 - New York-New Jersey
 - Washington-Baltimore
 - Chicago-Gary
 - Los Angeles
 - Philadelphia

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.
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Dante Lee opens office in Philippines for newly launched Web venture

(April 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 borders."

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 www.BlackBusinessSecrets.com


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 ORDER TODAY!
New "Buying Power" report: Black consumers spend as economy grows
Details $507 billion in 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...

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