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
2010 by Target Market News Inc. All rights reserved
228 S. Wabash Ave.
Chicago, IL 60604
Columbia College president issues statement on purchase of JPC building (November
16, 2010) [Warrick L. Carter, the president of Columbia College
Chicago, issued the following statement following the sale of the
Johnson Publishing Co. headquarters building yesterday.]
Columbia College Chicago is purchasing the Johnson Publishing
headquarters at 820 S. Michigan Avenue. In difficult economic times and
with a shrinking budget, you may wonder why we would be making this
decision now. You may recall that in early 2009, we discovered that due
to the Library’s growing collection over time, the weight of the Library
itself had come to exceed the capacity of the 624 S. Michigan building
structure. The building remains safe to occupy because we have made
some interim changes to address the situation, such as distributing
books over a larger area and instituting a policy of no net addition of
books in 624 S. Michigan. (The Library collection growth is being
accommodated by using spaces in other buildings.) However, this is
obviously only a temporary solution.
One long-term solution we explored was strengthening the structural
capacity of 624 S. Michigan. We determined that process not only would
be logistically very difficult but would also be cost prohibitive.
Purchasing the Johnson building presented a rare opportunity for the
most cost effective solution to the library situation. Situated across
from Grant Park in the middle of our campus, this plan will have the
Library centrally located to best serve the entire college. Because the
11-story, 110,000 square-foot building has more space than is presently
needed for the Library alone, we will gain the added benefit of having
additional building space for future college needs.
This building has historic and legendary importance to the city of
Chicago and to African Americans around the globe. It has been home to
Ebony and Jet magazines for almost 40 years, was completed in 1972 as
the first major downtown Chicago building designed and built by an
African-American since Jean Baptiste Point DuSable’s trading post built
two centuries earlier. In our commitment to appropriately honor Mr. and
Mrs. Johnson and the building, a committee of civic leaders and
celebrities is being organized to help determine the appropriate manner
of recognize them.
I have never been a fan of rented property, therefore, the excess space
in the Johnson Building and/or the space vacated by the Library will
make it possible for us to reduce our present use of leased properties
and relocate the departments in rented spaces to college-owned
buildings. The cancelation of the majority of the leases will produce
important future annual savings which may be used to support the
construction needed to accommodate these moves.
Johnson Publishing plans to remain at 820 S. Michigan for the next 18
months. Through our space planning process, we expect to make decisions
on the use and configuration of the Johnson building and the space
eventually vacated by the Library in the upcoming months. Many of you
will be involved in this planning, and we will keep the entire college
community informed of developments and planned relocations as they are
Warrick L. Carter, Ph.D.
President, Columbia College Chicago
Johnson Publishing Building Purchase FAQ
Q: What is the benefit to Columbia College?
A: The purchase of 820 S. Michigan not only provides a cost effective
solution for a long-term location for the Library but also provides
additional space to enhance our academic and student service programs,
which directly enhances the quality of education and the college
experience of our students.
The space vacated by the Library also will make it possible for us to
reduce our present use of leased properties and relocate some functions
to either the Johnson Building or to 624 S. Michigan. The cancellation
of the majority of the leases will produce important future annual
Q. When will Columbia move in?
A: The Library will likely be the first move, and we don’t know the
exact date yet, but the space will first need to be renovated to meet
the Library’s needs. Construction would not be able to start until
after Johnson Publishing moved out, designs were completed and City
permits were obtained. Johnson plans on remaining in the building for
about 18 months.
Q: What other programs will be located in the building? When will you
determine those programs?
A: We intend to decide how the remainder of the building will used in
the upcoming months. However, the space vacated by the Library will make
it possible for us to reduce our present use of leased properties and
relocate some functions to either the Johnson Building or 624 S.
Q: How did Columbia College come to purchase of the building?
A: We were made aware that the building might be available and we
pursued it as a possible solution to the Library situation and were
pleased to discover that it worked for that purpose.
Q: What is the purchase price for Columbia?
A: Columbia and Johnson have agreed to keep the transaction details
confidential. However, the College was able to purchase 820 S. Michigan
from its reserves and has not had to assume any debt with this purchase.
Q: Why did you also purchase the parking garage at 801 S. Wabash?
A: If we did not purchase the garage at 801 S. Wabash, we would not have
been able to purchase the building. The acquisition of the parking
garage provides the College the ability to offer parking to faculty and
staff at reduced rates as well as the opportunity of a centrally located
future development site in the heart of our campus.
JUST RELEASED New
'Buying Power' report: Black consumers spend as economy grows Details $507
1, 2010) 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 soon
to be issued 16th annual edition of "The Buying Power of Black America"
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...