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Market Place Urban

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Black Buying Power

According to a recent article on Newswise.com African-American buying power has seen impressive gains since the end of the last economic downturn, jumping from $961 billion in 2010 to an estimated $1.3 trillion in 2018. Since 2000, the African-American market has seen a 114 percent increase in buying power. The boost is the result of a surge in black-owned businesses, increased educational attainment and booming population growth.

The percentage of African-Americans who completed college continues to rise (23 percent in 2017, up from 17 percent in 2000), and the population is growing at 22.7 percent since 2000, faster than the national average of 16.3 percent. The youthfulness of the African-American population skews the group’s buying power downward, as a larger share of the population have yet to hit their peak earning years.

The 10 states with greatest black buying power growth since 2000 are North Dakota (1,051 percent), South Dakota (502 percent), Idaho (375 percent), Wyoming (339 percent), Vermont (320 percent), Arizona (265 percent), Montana (255 percent), Maine (243 percent), Utah (235 percent) and New Hampshire (226 percent). All have flourishing African-American consumer markets, but none is among the nation’s 10 largest black consumer markets.

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ABOUT Market Place Urban

I Love Urban Culture

We have created "Market Place Urban" website/blog to be a one stop shopping alternative. Our primary focus is businesses of color that support communities of color. We present well known brands as well as new trending products and services. We encourage you to tell us about your experiences with products or services. Your voice counts! Your ideas and suggestions for new products and services are welcomed and greatly appreciated.

Eric D. McNairy MBA

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This site is owned and operated by BDR Events & Tours LLC. dba Market Place Urban is a participant in affiliate advertising programs designed to provide a means for sites to earn revenue by advertising and linking to affiliate products and services. BDR Events & Tours LLC participates in several affiliate programs including Amazon, Bluehost, Clickbank, CJ, ShareASale, and other sites. BDR Events & Tours LLC is compensated for referring traffic and business to these companies.t.

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We Want You!!!

We are offering free listings for all new MINORITY BUSINESSES!

Let us help promote your business. We have created this service to assist minority business owners in the promotion of their business. Our goal is to list every moniority owned business country wide. This service is FREE! We only ask that you tell your friends and customers about our service and give us a like on social media.

All Data Fields Are Required For Each Listing!!!

Once your business listing is submitted you will receive an acknowledgement email. In this email you will see a request for a business logo to be placed with your listing. Your listing will be in the pending status until we receive your business logo image.

You may request via email to deactivate your business listing at anytime. Your listing shall be deactivated within 2 business days upon receipt and acknowledgement of your deactivation request.

*** Market Place Urban reserves the right to reject or remove any listing that is inconsistent with our values or business strategy.



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Phone: 855 953 8746
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