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 15th Annual Edition
'Buying Power of Black America' report breaks down billions in expenditures

Black consumers are responding to tighter economic condition by focusing more of their spending on items and services that improve their homes and lifestyle. That's one of the trends revealed in the 15th annual report, "The Buying Power of Black America," published by Target Market News. The report analyzes spending for black households in 2008 and finds that African-Americans...
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 Black Stats  
Frequently requested data on African American consumers

Black Buying Power:
 $803 Billion (2008)

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 $166.3 bil.
 - Food $65.3 bil.
 - Cars/Trucks $31.5 bil.
 - Clothing $26.9 bil.
 - Health Care $23.9 bil.

Click here for more stats from "The Buying Power of Black America."
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Get quick access to key
U.S. Census 
Bureau Data

Click here to go to African-American Census Bureau data

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Ross Love, one of radio's largest black owners and former P&G vice president, dies

(August 10, 2010) Ross Love, one of radio's most successful and trailblazing entrepreneurs, died of an undisclosed caused at a hospital in Cincinnati hospital the morning of August 10th. He was 64 years old.

Love moved into radio ownership in 1995 after leaving Procter & Gamble where he was vice president of marketing. The first acquisition for Love and his partners was WDBZ "The Buzz," Cincinnati's most popular black AM radio station. Over the next six year, his company, Blue Chip Broadcasting, would purchase 19 more stations targeted to African-American listeners across the Midwest, making it the largest black-owned radio company in the U.S.

In 2001, Blue Chip its radio properties, except for WDBZ. That station was sold in 2007 to Radio One, which had been operating it under a local marketing agreement.

Love was born May 28, 1946 in Yeadon, Pa. He attended Syracuse University and obtained a bachelor's degree in political science in 1968. Following graduation, he took a position at Procter & Gamble and ultimately rose to post of VP of marketing in 1988. He stayed with P&G until his retirement in 1996.

For the past nine years he has been president of Blue Chip Enterprises, a firm that owns J&M Precision Machining and invests in start-up businesses owned by African-Americans.



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