The Nation's Oldest and Largest Black Trade Associations Form National Alliance for Black Business

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Sep 28, 2022, 07:00 ET

The Alliance to Announce the First Black Business Equity and Inclusion Score Card for Accountability in the Marketplace

WASHINGTON, Sept. 28, 2022 /PRNewswire/ -- On September 27 at the State of Black Business Luncheon in Washington, D.C., the National Business League (NBL) and the National Black Chamber of Commerce (NBCC) came together as the nation's two oldest and largest Black trade associations to announce their formation of the National Alliance for Black Business (NABB). NABB is a nonprofit, nonpartisan, independent federation of Black business organizations and allies mobilized as a unified authority to represent, research, educate, promote, and advocate for Black business equity throughout the United States and the Pan-African diaspora.

Larry Ivory, Chairman of the National Black Chamber of Commerce, Charles H. DeBow, III, President/CEO of the National Black Chamber of Commerce, Dr. Ken L. Harris, Ph.D., President/CEO of The National Business League, Eugene R. Cornelius, Jr., Senior Director, Center for Regional Economics, Milken Institute, Johnny L. Ford, Founder of World Conference of Mayors

"Booker T. Washington believed that the U.S. economy's roots in the free market require the full participation of businesses of all sizes and races to achieve its greatest potential. But, as of today, Black businesses in America and throughout the globe continue to remain at the bottom of the economic spectrum. Exclusion is a bad economic policy, and it is time that Black organizations unite to hold the public and private sector accountable by measuring their Black contracting and procurement spending success. This is one of the core platform reasons why the NABB was formed, to produce a Black business equity and inclusion score card that will effectively move the needle." – Dr. Ken L. Harris, President/CEO of the NBL

Charles H. DeBow III, President and CEO of the NBCC, and Dr. Kenneth L. Harris, President and CEO of the NBL, presented the historic announcement in the presence of America's top Black business professionals, international representatives, and executive leaders from the public and private sectors of the federal government.

"The National Business League (1900) and the National Black Chamber of Commerce (1993) represent 151 years of service to Black businesses. We collectively believe that business is a science that produces success. The NBL and NBCC share both historical and platform principles with origins steeped in rich legacies as champions of industry and commerce. The geneses of the National Alliance for Black Business are to unify a collaborative vision and sustain Black communities through entrepreneurship and capitalistic activity, both domestic and abroad. Our definition of success will be measured by those we serve." – Charles H. DeBow III, President/CEO of the NBCC

The NABB also announced the launch of an unprecedented tool: The Black Business Equity and Inclusion (BBEI) Score Card. This score card will ensure accountability in the public and private sector of the marketplace. "According to Fortune, American companies pledged $50 billion to Black communities. But a new study found that much of the funding has yet to materialize." Black America is a $1.6 trillion purchasing power in the United States and the Alliance plans to make the entities who successfully provide equitable opportunities for Black businesses public, while also working to help companies that miss the mark in the Black community. The Black Business Equity and Inclusion Score Card will be released at the February 2023 NABB National State of Black Business Conference in Washington, D.C. during Black History Month.

"Economic self-sustainability is a collective endeavor and with the creation of the National Alliance for Black Business, it signals a historic and significant change towards collectivism and collaboration to help the Black community reach its full ownership potential. The NABB has embraced some of PowerNomics® foundational strategies to help correct some of the errors and failures of integration. From this point forward, all aspects of life must have an economic platform and agenda towards the full empowerment and liberation of Black people." – Dr. Claud Anderson

The NABB will work with several key partners to help structure the organization and provide relevant research and data while making the proper market linkages to effectively drive the success of Black businesses in both America and around the world.

"The first organization to join this newly formed alliance is the World Conference of Mayors. Since the beginning, the World Conference of Mayors has been a crucial facilitator of collaboration and promotor of Black economic development. Therefore, we are honored to join the NABB to bring together all of the worlds' mayors to support the organization's Black economic agenda and unification platform." – Johnny L. Ford, Founder of the WCM

If you are a media outlet and would like to cover the event, please contact Darian Shorts at [email protected].

About the National Alliance for Black Business (NABB)

The NABB® is a nonprofit, nonpartisan federation of Black business associations, organizations, leagues, chambers of commerce, owners, and allies that were mobilized as a unified authority to represent, research, educate, promote, and advocate for the economic, enterprise, entrepreneurial, and equity interest of Black businesses and consumer trends throughout the United States and the Pan-African diaspora.

About the National Business League (NBL)

The NBL® was founded by Dr. Booker T. Washington on August 23, 1900 and is the first and largest independent nonprofit trade association for Black-owned businesses and professionals in the United States of America. It is headquartered in Washington, D.C. and has 120,000 members nationwide and manages local chapters throughout all 50 states and internationally. The NBL recently celebrated 122 years of service and is a proud partner to more than 125 Fortune 500 companies and public and private sector organizations worldwide.

About the National Black Chamber of Commerce (NBCC)

The NBCC® was founded in 1993 by Harry Alford and Kay DeBow and has empowered the Black Business Community for over 29 Years. It is the largest Black business association in the world and is dedicated to economically empowering and sustaining African American communities through entrepreneurship and capitalistic activity within the United States. Headquartered in Washington, D.C., the organization manages more than 200 chambers across 40 states and 50 nations.

Media Contact:
Darian Shorts
240-686-5361
[email protected]

SOURCE The National Business League