Rev. Michael Carter, Sr. to Keynote Economic Summit in Chicago

Posted: Friday, May 02, 2008 17:39:57
by Mark Allen

CHICAGO - On Saturday, May 17, 2008, from 8:00 A.M. until 2:30 P.M. the new, Black-owned Chicago South Loop Hotel, located at 11 West 26th Street (26th & State) will host the Black Wall Street-Chicago, Economic Summit (BSWES). The summit will address challenges facing Black businesses, how they are impacted by community, city and national events as well as several other issues essential to effectively competing in today's global marketplace. In honor of its anniversary, a fundraising reception is scheduled for Friday, May 16th featuring special presenter Rev. Michael Carter, Sr., National Chairman of Black Wall Street in Oakland ( Cliff Kelly, veteran political activist and WVON-AM 1690 afternoon talk show host has been named Honorary Chairman.

The BSWES has an aggressive agenda planned for Saturday, May 17th, including the campaign to redevelop the "Black" versus "Minority" agenda of elected officials. Ron Carter, chair of BWSES and publisher and editor of South Street Journal noted, "This summit connects large and small business owners in matchmaking resources, informative resolutions, and networking under one roof on a quarterly basis."

"We are honored to have Rev. Carter, Sr. (no relationship) as our Summit guest and Mr. Kelly as co-Chair, with the help of others they will lead and inspire a highly energized and innovative group of participants deeply committed to the development and success of the African-American business community," he continued.

Rev. Carter, Sr. (of Black Wall Street District Oakland) will provide participants with timely insiders' perspectives on growth opportunities through the national agenda of Black Wall Street campaigns while highlighting its Tulsa, Oklahoma roots.

The Black Wall Street District (Est. 1998) in Oakland is California's premiere African American spiritual, arts and commerce District.


Taking a page out of the history books of Tulsa, OK (1830-1921) the district stretches from High Street to the San Leandro border along International Boulevard. Along Black Wall Street you will find Haywood Karate School, 55th Avenue Tire Repair, Hamiltons Beauty Supply, Rider's Auto Detail Center and AM/PM Mini Mart. You will discover the best Soul Food and Sea Food at Holiday Fish & Soul Food Restaurant and The Soul Food Kitchen.

Major Worship center's include Bethel Baptist church formally Pastored by the late-great H. C. Guice (1914-2008) for 58 years, Allen Temple Baptist Church, and the world renowned Bishop Walter Hawkins Love Center Ministries and Edwin Hawkins Music & Arts Seminar. Places to shop include Swing N Rings Clothing, Ebony Fashions, L & A Motors, and One Stop Liquor Store.

Mark S. Allen, Associate Editor of The South Street Journal, Founder of BLDI and of the Summit said, "Through its year-round initiatives, BWSES has provided opportunity for sustainable and robust growth to a strategic network of suppliers, entrepreneurs and their business partners in Chicago."

The spotlight will also be placed on the success and achievements of BWSES businesses participants. The new Treasure Island Grocery Store in Hyde Park was successfully challenged to distribute Reggio's Pizza and consider new Black products; Eat & Run Restaurant opened a new facility at 209 W. 95th Street; The Monroe Foundation lobbied the State Treasurer's office to create new policies and legislation increasing access to capital for Black community development; relationships established with the new City Purchasing Director helped increase outreach for small Black business contracting; three (3) black business districts were identified in Chicago - 75th, 79th and West Chicago Ave.

BWSES worked with the Chicago Urban League to recruit clients for their new Entrepreneurship Center, ongoing business classes, and new Black business development, prompting the CUL to dub Chicago, 'the next Black Wall Street.' The 2002 Survey of Business Owners show that there are over 39,424 African American-owned companies in Chicago, Ill, with over $ 2,875 billion in business revenues, employing more than 200,000 people. "There is much to celebrate but much more work to do," continued Rev. Carter.

"We are excited about the new level of leadership that has developed and the momentum that builds with each summit. Held every 90 days, the first summit was attended by 80 people, 120 people were in attendance for the second summit, the third summit witnessed 160 attendees and almost 200 people attended the fourth summit," cited Allen.

BWSES was founded on May 19, 2007 by The South Street Journal Newspaper, with support from The Chicago Urban League, The Monroe Foundation, The Black Leadership Development Institute (BLDI), Real Men Cook, The United American Progress Association, The Chicago Communicator Newspaper, and others to help increase the Black community's economic empowerment advocacy efforts.

Sponsors include the Ujamma Network, GoBlackbiz and DBANDS, the first African-American-owned international sports apparel company. Admission for Saturday is free but the group will accept voluntary financial donations to help with the ongoing community empowerment summits. Tickets for the Friday reception are $35 each and $50.00 for two. Space for both events is limited so early RSVP is strongly encouraged. For reservations and other information call 773-373-7000. For BWSES implementation plan and interviews call 773 373-7000.