{"id":626,"date":"2023-02-15T14:32:55","date_gmt":"2023-02-15T14:32:55","guid":{"rendered":"https:\/\/sigmablackspend.com\/?page_id=626"},"modified":"2023-03-03T16:38:31","modified_gmt":"2023-03-03T16:38:31","slug":"importance","status":"publish","type":"page","link":"https:\/\/sigmablackspend.com\/index.php\/importance\/","title":{"rendered":"Importance"},"content":{"rendered":"

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The Importance of Black Spend<\/h3>\n

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Phi Beta Sigma has always recognized the importance of the Black economy.\u00a0 In 1924, the Fraternity formally established its Bigger and Better Business Program to support Black businesses throughout the United States.\u00a0 Today we continue to highlight the importance of Black Spend with the launch of the Sigma Black Spend portal.\u00a0 Our goal is to provide a uniform method of submitting and tracking Black Spend Activity for all Fraternity Chapters.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.19.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_divider color=”#000000″ _builder_version=”4.19.0″ _module_preset=”default” width=”50%” module_alignment=”center” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ _builder_version=”4.19.0″ _module_preset=”default” width=”72%” animation_style=”slide” global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”4.19.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/sigmablackspend.com\/wp-content\/uploads\/2023\/02\/Chris-Rey-hs02.png” title_text=”Chris Rey hs02″ align=”center” _builder_version=”4.19.0″ _module_preset=”default” width=”39%” animation_direction=”left” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”4.19.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.0″ _module_preset=”default” animation_direction=”right” global_colors_info=”{}”]<\/p>\n

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“Black Spend matters because the circulation of the dollar in our own community has been proven to not only increase the middle class but invest in programs and initiatives that support our community. <\/span>Reporting Black Spend activity allows our fraternity to quantify our economic impact. As a collective buying power, we are able to demand policies that make sense for our community.”<\/p>\n

– Honorable Bro. Chris Rey, 36th International President of Phi Beta Sigma Fraternity, Inc.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ _builder_version=”4.19.0″ _module_preset=”default” width=”72%” animation_style=”slide” global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”4.19.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/sigmablackspend.com\/wp-content\/uploads\/2023\/02\/tg-hs01.jpg” title_text=”tg hs01″ align=”center” _builder_version=”4.19.0″ _module_preset=”default” width=”45%” animation_direction=”left” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”4.19.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.0″ _module_preset=”default” animation_direction=”right” global_colors_info=”{}”]<\/p>\n

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<\/span><\/p>\n

Black Spend matters because:<\/span><\/p>\n

    \n
  1. \n
      \n
    1. It Builds up Communities<\/li>\n
    2. It Creates Jobs and Opportunities<\/li>\n
    3. It Closes the Racial Wealth Gap<\/li>\n
    4. It Empowers local communities<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n

      Tracking Black Spend enables us to leverage our spending power to gain access to Sponsorships and other funding. These resources help to support our International Programs which are Bigger and Better Business, Education, and Social Action.<\/p>\n

      – Bro. Terrance Gibson International Director of Bigger & Better Business<\/p>\n

      [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ _builder_version=”4.19.0″ _module_preset=”default” width=”72%” animation_style=”slide” global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”4.19.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/sigmablackspend.com\/wp-content\/uploads\/2023\/02\/Reginald-Slush-hs02.png” title_text=”Reginald Slush hs02″ align=”center” _builder_version=”4.19.0″ _module_preset=”default” width=”38%” animation_direction=”left” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”4.19.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.0″ _module_preset=”default” animation_direction=”right” global_colors_info=”{}”]<\/p>\n

      <\/span><\/p>\n

      <\/span><\/p>\n

      \u00a0“Black Spend directly impacts not only the businesses we support but the families behind those businesses as well.\u00a0 Generations have been sustained, reared, and educated because of the support we show businesses in our communities.\u00a0 Capturing Black Spend further communicates our commitment to those businesses.”<\/p>\n

      – Honorable Bro. Reginald Sluch (DSC), Past International Director of Bigger & Better Business<\/p>\n

      [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ _builder_version=”4.19.0″ _module_preset=”default” width=”72%” animation_style=”slide” global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”4.19.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/sigmablackspend.com\/wp-content\/uploads\/2023\/02\/Mike-Harvey-hs02.png” title_text=”Mike Harvey hs02″ align=”center” _builder_version=”4.19.0″ _module_preset=”default” width=”39%” animation_direction=”left” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”4.19.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.0″ _module_preset=”default” animation_direction=”right” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

      <\/span><\/p>\n

       <\/p>\n

      \u201cBlack Spend matters because we must be intentional when spending our dollars. This is how we build leverage and gain power with our 1.4 trillion dollar annual spend.\u00a0 Black Spend is a process of sacrifice, not equal giving. It\u00a0is a change in mindset. We must record our spend activity because we cannot improve what we cannot\u00a0measure.”<\/p>\n

      – Bro. Mike Harvey, Sr., Int’l Team Lead – Phi Beta Sigma Black Spend Initiative<\/p>\n

      [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

      The Importance of Black Spend   Phi Beta Sigma has always recognized the importance of the Black economy.\u00a0 In 1924, the Fraternity formally established its Bigger and Better Business Program to support Black businesses throughout the United States.\u00a0 Today we continue to highlight the importance of Black Spend with the launch of the Sigma Black […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"1080","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"_links":{"self":[{"href":"https:\/\/sigmablackspend.com\/index.php\/wp-json\/wp\/v2\/pages\/626"}],"collection":[{"href":"https:\/\/sigmablackspend.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sigmablackspend.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sigmablackspend.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sigmablackspend.com\/index.php\/wp-json\/wp\/v2\/comments?post=626"}],"version-history":[{"count":24,"href":"https:\/\/sigmablackspend.com\/index.php\/wp-json\/wp\/v2\/pages\/626\/revisions"}],"predecessor-version":[{"id":679,"href":"https:\/\/sigmablackspend.com\/index.php\/wp-json\/wp\/v2\/pages\/626\/revisions\/679"}],"wp:attachment":[{"href":"https:\/\/sigmablackspend.com\/index.php\/wp-json\/wp\/v2\/media?parent=626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}