According to a study conducted by the Selig Center for Economic Growth, the Black dollar only stays within the Black community after one purchase. In white communities, a dollar circulates numerous times. In the Hispanic community, a dollar circulates six times and in the Asian community, it circulates nine times.
One organization working to increase and retain wealth within the Black community is Black Women in Media.
The media and news organization is hosting a Juneteenth event in The Hamptons that aims to boost sales amongst Black businesses while highlighting the Black history. This kid-friendly event will also host celebrity guests, honor notable community figures and celebrate fatherhood.
Attendees will be picked up and transported via Motorcoach bus throughout the event. Guests will be treated to a Red Carpet entrance, champagne and a tour of the Southampton African American Museum (SAAM). The celebration will also honor the museum’s Founder and Executive Director, Brenda Simmons, the Executive Director of the Eastville Community Historical Society, Dr. Georgette Grier-Key and Trustee of the Village of Southampton, Robin Brown during an award ceremony.
After touring the museum, guests will be escorted to an exclusive private Southampton beach for the second half of the event.
The Black Tasting Experience presented by Black Culinary Expo, will feature several Black chefs and entrepreneurs like Lioness Cuisine and Lu Love’s Desserts. The Black shopping experience will further showcase Black business owners and will allow for guests to shop, mingle and network with notable movers and shakers across industries. Featured businesses include Dope Pieces, Draped and more. There will also be a silent auction, live entertainment, dancing and an open bar.
And, as Juneteenth coincidentally lies on Father’s Day (very fitting), the event will host a cigar and whiskey lounge.