100 Black Men of America, Inc. https://100blackmen.org What They See Is What They'll Be Wed, 03 Jul 2019 12:02:33 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.2 Premiere National Mentoring Organizations Form Partnership to Empower Communities and Secure the Future of African American Youth https://100blackmen.org/premiere-national-mentoring-organizations-form-partnership-to-empower-communities-and-secure-the-future-of-african-american-youth/ Thu, 27 Jun 2019 10:37:55 +0000 https://100blackmen.org/?p=696493 Premiere National Mentoring Organizations Form Partnership to Empower Communities and Secure the Future of African American Youth Read More »

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For Immediate Release

Atlanta, GA, June 27, 2019– The National Coalition of 100 Black Women, Inc. (NCBW) teams up with the 100 Black Men of America, Inc. (BMOA) to make a bigger impact when addressing issues that affect the African American community.

The two organizations recently started their partnership in Washington, DC.  The framework of the partnership is not only to expand and reach more young African Americans who need guidance and support, but to also build the capacity and contributions of both organizations. 

This is an opportunity for our two great organizations to touch more young African Americans with initiatives both organizations are aligned with like health, education, economic empowerment, and public policy.  This partnership will allow us to better address issues that are impacting the African American community.”   Virginia W. Harris, National President, National Coalition of 100 Black Women Inc.

100 Black Men chapters provide services across the United States, Turks and Caicos, and London. Work of the 100 encompass the organization’s Four For The FutureSMf,   programs that include marketing, education, health and wellness, and economic empowerment. All programmatic initiatives contain a leadership development component. 

The strategic alignment between our two organizations already exists, so working collectively equips us to reach more youth who are in critical need of positive role models, mentors, supplemental education programs, and examples of true leadership.”  Thomas W. Dortch, Jr., Chairman, 100 Black Men of America, Inc.

About the National Coalition of 100 Black Women Inc.

National Coalition of 100 Black Women Inc. was formed in 1970 in New York City by 24 Black women, led by visionary Edna Beach, began meeting in their homes to assess the problems and opportunities left behind in the wake of the turbulent 1960s.  In 1981, the National Coalition of 100 Black Women was launched with representatives from 13 states and the District of Columbia.  For over 38 years, the NCBW has been an advocate on behalf of women of color through national and local actions and strategic alliances that promote the NCBW agenda of leadership development and gender equality in the areas of health, education, and economic empowerment.  

Today, the national movement has garnered thousands of members throughout 60 chapters representing 28 states.  For more information visit http://www.ncbw.org

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Part 6: Saving & Investing https://100blackmen.org/part-6-saving-investing/ Tue, 18 Jun 2019 20:21:04 +0000 https://100blackmen.org/?p=696431 Lately, it seems like everyone is talking about investing. But if you’re not sure whether it’s time for you to start investing, or if you should focus on saving, the answer depends on your goals, risk tolerance, and financial situation. In this article, we’ll help you determine whether you should focus on building your saving or starting to invest. So no matter where you are in your financial journey, we’d like to help you prepare to reach your specific goals.

Before you determine if you should continue to focus on savings, or start investing, you need to understand your goals. Usually, you save for short-term goals. These goals may include things like saving for a large purchase like a car down payment, moving expenses, or building your emergency savings account.

You should continue saving if you:

  • Would like ready access to your cash. A savings account gives you access to cash when you need it, but many savings accounts limit how often you can take money out.
  • Prefer minimal risk. If you do not like the fluctuations that come along with investing, you can consider depositing your cash into a deposit account insured by the Federal Deposit Insurance Corporation (FDIC), which insures each depositor up to $250,000 per insured bank.
  • Want to earn interest. You can earn interest by putting money in a savings account, but savings accounts generally earn a lower return than investments. There are many different types of savings accounts that offer varying interest rates based on term.

Even though saving money is important, it’s only one part of your financial picture. After covering these short-term financial goals and building your emergency savings fund with at least three to six months of living expenses, you may want to consider the potential advantages of investing.

Investing is an option if you have long-term financial goals. These goals may include important life events that may occur in the next 5-15 years. These goals include paying for a child’s education, preparing to purchase a home, or planning for retirement. In addition to these types of goals, investing can be an effective way to put your money to work and potentially build wealth.

You may want to consider investing if you:

  • Are looking for greater growth potential. Smart investing may allow your money to outpace inflation and increase in value. You should keep in mind that investing always involves risk and does not guarantee a return. It possible to lose some or all of the funds invested.
  • Don’t need access to your funds right away. When you invest your money, it can take a few more days to access your money compared to a savings account.
  • Are interested in a diversified portfolio. Investing isn’t only about buying stocks. Different investments offer varying levels of potential return and market risk.

When starting the investment planning process, it will be important to discuss your specific goals, timeline, and tolerance for risk with your Financial Advisor to enable him or her to present suitable investment alternatives.

You should also do some research beforehand to learn about what types of investments you’d like to make. Here are some examples of different ways you may build your portfolio:

Stocks: A stock is a share of ownership in a company, which entitles the owner, or shareholder, to own part of the company’s assets and earnings. They’re considered a relatively risky investment because they can potentially lose all of their value. However, they can also potentially increase in value over time. While owning stocks may give you voting rights, and a higher potential return, they may also come with price swings which means your stocks could lose a substantial amount of value in a very short time.

Mutual Funds: Mutual funds help with diversification in your portfolio. Diversification is a strategy used to help manage risk by spreading your investments across different asset classes, industry sectors, and types of investments. While mutual funds are usually professionally managed and offer a level of convenience when it comes to redeeming your shares, they do not offer a guaranteed return and you don’t control which investments are included in a fund.

Mutual funds are subject to risks, including loss of principal. Investment returns may fluctuate and are subject to market volatility, so that an investor’s shares, when redeemed or sold, may be worth more or less than their original cost. Diversification, as well as, Asset Allocation cannot eliminate the risk of fluctuating prices and uncertain returns, and they do not guarantee profit or protect against losses in declining markets.

Bonds: A bond is essentially a loan you give to a government or an institution. In exchange, the issuer of the bond agrees to pay you a pre-set, regular interest rate paymentfor a fixed amount of time. At the end of the term, the issuer (who borrowed the money) agrees to pay you back the bond’s par value (or face value). While bonds are considered less risky than stocks, investing risks vary depending on the type of bond you buy. Bonds can help add stability to your portfolio, potentially helping reduce fluctuations in the overall value of your portfolio, contribute to meeting your income needs, and prepare for future expenses or long-term goals such as college and retirement.

Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can result in the decline in the bond’s price. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.

Exchange Traded Funds (ETFs): ETFs are securities that typically seek to track the market performance of an index, such as the S&P 500, the Dow Jones Industrial Average, or the Russell 2000. They are traded like individual stocks on a stock exchange, meaning the price can change throughout the day—unlike a mutual fund, which is priced only once a day after the market closes.

Exchange Traded Funds seek investment results that, before expenses, generally correspond to the price and yield of a particular index. There is no assurance that the price and yield performance of the index can be fully matched. Exchange Traded Funds are subject to risks similar to those of stocks. Investment returns may fluctuate and are subject to market volatility, so that an investor’s shares, when redeemed or sold, may be worth more or less than their original cost.

Now that you understand the potential risks and benefits of investing and the types of investments you may make, you should also consider what type of investor you are. Before investing be sure understand your appetite for risk, consider how much guidance you’d like, and know your goals. Setting the right goals can go a long way when developing an investing plan. You may also prefer working with a Financial Advisor, investing on your own online, or something in between. 

This article has been created for informational purposes only and is not a solicitation or an offer to buy any security or instrument or to participate in any planning or trading strategy. Investing involves risk including the possible loss of principal. Asset Allocation and Diversification cannot eliminate the risk of fluctuating prices and uncertain returns, and they do not guarantee profit or protect against losses in declining markets.

Investment and Insurance Products:

  • Are not Insured by FDIC or any Federal Government Agency
  • May Lose Value
  • Are not a Deposit of or Guaranteed by a Bank

Brokerage services are offered through Wells Fargo Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.

Wells Fargo Wealth Management provides products and services through Wells Fargo Bank, N.A. and its various affiliates and subsidiaries. Wells Fargo Bank, N.A. is a bank affiliate of Wells Fargo & Company.

Wells Fargo Bank, N.A. offers various advisory and fiduciary products and services including discretionary portfolio management. Wells Fargo affiliates, including Financial Advisors of Wells Fargo Advisors, a separate non-bank affiliate, may be paid an ongoing or one-time referral fee in relation to clients referred to the bank. The bank is responsible for the day-to-day management of the account and for providing investment advice, investment management services and wealth management services to clients. The role of the Financial Advisor with respect to Bank products and services is limited to referral and relationship management services.

© 2019 Wells Fargo Clearing Services, LLC. All rights reserved.

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Part 5: Saving for retirement https://100blackmen.org/part-5-saving-for-retirement/ Tue, 18 Jun 2019 19:35:50 +0000 https://100blackmen.org/?p=696429 1. Consider your retirement needs and make a plan

A rule of thumb is to estimate that you’ll need between 70%-90% of your pre-retirement income to maintain your standard of living when you stop working. Consider what you may need in the future for basic living expenses and healthcare costs plus discretionary expenses like travel, entertainment, and recreation. Then devise a plan, stick to it, and set goals for yourself. Thinking about these future expenses can help inspire you to start saving more today. Be sure to also consider Social Security payments, which the Social Security Administration claims to pay the average retiree about 40% of pre-retirement earnings.

2. Review your options for saving

How you save may vary depending on your employment situation and your plan for retirement. Here are four different retirement savings options you may want to consider.

Take advantage of your company’s retirement savings plan

If your employer offers a retirement plan such as a 401(k) plan, take advantage of it. Remember, the dollars you contribute to a 401(k) plan are tax-deferred, meaning your account balance has the potential to grow without incurring taxes every year. Try to save at least 10% of your income annually. If your employer matches your 401(k) contributions, take full advantage of it by funding any amount that is matched.

Put money into an IRA

You can put up to $5,500 for this year into an Individual Retirement Account (IRA). When you open an IRA, you have two options—a traditional IRA or, if you meet the income-eligibility requirements, a Roth IRA. With a Traditional IRA your contributions have the potential to grow tax-deferred and, if eligible, your contributions may be tax-deductible as well. With a Roth IRA, you make after-tax contributions, but the money you withdraw after retirement may be free from federal taxes. You should know that the after-tax value of your funds will depend on a variety of factors, including the returns you receive, how long you have invested, inflation, and the type of IRA you choose.

Check your Pensions and Profit Sharing Plans

If your employer offers a plan, check to see what your benefit is worth. Most employers will provide an individual benefit statement. Before you change jobs, find out what will happen to your pension or profit sharing plan. Also, learn what benefits you may have from previous employment, and find out if you will be entitled to benefits from your spouse’s plan.

Consider a retirement CD

A CD, or certificate of deposit at a bank or credit union, is a good way to build your retirement savings and avoid risk as it is an insured financial product similar to a savings account. But unlike a savings account, a CD has a specific, fixed term (which is why they are sometimes called “time accounts”), and generally earns interest at a fixed interest rate. While interest rates are typically low, these accounts are FDIC-insuredand never lose value, so the savings will be there when you need it in retirement.

3. Start saving sooner than later

Starting a separate retirement savings fund early allows you to accumulate more savings over a gradual period of time. Also, you’ll be able to take better advantage of compound returns the sooner you start to save. Even if you’re still in school and only working part-time, try to start with just $50 a month. Over time you can increase the amount you save, but you can’t make up for lost years of compound returns.

4. Don’t touch your savings

If you withdraw money from your retirement plan before you are 59, you will have to pay taxes and, possibly, a 10% federal tax penalty. Also, if you borrow money against your 401(k), the loan will come due immediately if you leave your job, subjecting you to potential taxes and penalties. While it can be tempting to use your retirement savings like you would emergency savings, it’s important to weigh the costs and the potential penalties before acting.

How you save can be as important as how much you save. Inflation and the type of investments you make play important roles in how much you’ll have saved at retirement. So it’s important to know how your pension or retirement savings plan is invested. If you have more questions, be sure to talk to your employer and meet with a financial advisor at Wells Fargo Advisors. Getting practical advice may help you to act now and prepare for your retirement.

Visit our retirement plan center and gain more helpful insight and guidance about investing for your retirement at wellsfargo.com/retirement-plan/.

Investment and Insurance Products:

  • Are Not Insured by FDICor any Federal Government Agency
  • May Lose Value
  • Are Not a Deposit of or Guaranteed by a Bank

Brokerage services are offered through Wells Fargo Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.

Wells Fargo Wealth Management provides products and services through Wells Fargo Bank, N.A. and its various affiliates and subsidiaries. Wells Fargo Bank, N.A. is a bank affiliate of Wells Fargo & Company. Wells Fargo Bank, N.A. offers various advisory and fiduciary products and services including discretionary portfolio management. Wells Fargo affiliates, including Financial Advisors of Wells Fargo Advisors, a separate non-bank affiliate, may be paid an ongoing or one-time referral fee in relation to clients referred to the bank. The bank is responsible for the day-to-day management of the account and for providing investment advice, investment management services and wealth management services to clients. The role of the Financial Advisor with respect to Bank products and services is limited to referral and relationship management services.

© 2019 Wells Fargo Bank N.A. All rights reserved. CAR 0818-02516

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Part 4: Get smarter about credit https://100blackmen.org/part-4-get-smarter-about-credit/ Tue, 18 Jun 2019 19:02:02 +0000 https://100blackmen.org/?p=696426 1. Always pay on time

If you’ve missed a payment, pay as soon as possible because your payment history makes up 35% of your credit score.

2. Monitor your credit regularly

Review your credit reports regularly to make sure they are accurate, and look for areas where you can improve.

3. Pay more than the minimum

Paying more than what’s due will help you pay down debt faster, save on interest expense and may improve your credit score.

4. Know your limits

Being close to or maxing out your credit limits may negatively impact your credit score, so try to keep your balance on revolving lines under 30% of your limit.

5. Know your debt-to-income (DTI) ratio

Lenders look at the amount of debt you have compared to your monthly income when extending new credit, so it’s a good idea to keep your DTI ratio under 35%.

6. Take on new debt only when needed

Having too many accounts with balances can lower your credit score an may become difficult to manage.

7. Qualify for lower rates

See if you quality for lower rates on your current debts, especially if your credit has improved or if interest rates have dropped since you originally applied.

8. Think before closing accounts

Consider keeping accounts open if they have a good payment history as closing them may lower your available credit and could hurt your credit score.

9. Build an emergency fund

Having funds set aside in a savings account can help you to avoid using credit cards for unexpected expenses.

Getting smarter about your credit by taking charge of your debt can make all the difference when it comes to preparing for long-term financial success. You can explore credit basics and different ways to manage your debt at wellsfargo.com/goals-credit/smarter-credit/. What’s the next step on your empowerful journey? Get inspired at wellsfargo.com/empowerful.

© 2019 Wells Fargo Bank N.A. all rights reserved. Member FDIC.

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Part 3: Starting Your Own Business https://100blackmen.org/part-3-starting-your-own-business/ Tue, 18 Jun 2019 18:01:24 +0000 https://100blackmen.org/?p=696424 1. Start with a business plan

Creating a solid business plan is an important first step for anyone starting a business. Be sure to include a company overview, a market analysis, your financial data, and an executive summary. Visit the Wells Fargo Works Business Plan Center for free business planning resources.

2. Determine your hiring needs

When you first start out, you may be the only employee. If you intend to hire full- or part-time employees right away, make sure you’re comfortable with and can afford the costs associated with hiring staff.

3. Understand your financial picture

Most businesses are initially financed by personal savings and credit, but you may need additional financing. Our Wells Fargo bankers can discuss your initial financing needs and options, and help strategize ways to build your credit profile.

4. Build a strong network

Having a strong support system in place is important when starting a business. So build your network with your banker, a lawyer, a certified public accountant and any other professionals pertinent to your industry.

There are a lot of important decisions to make as you venture out on your own to start a business. But upfront planning goes a long way in preparing your business for long-term financial success. Visit our resource centerto learn, plan and take action toward your entrepreneurial goals. How will you advance your Empowerful journey? Get inspired at wellsfargo.com/empowerful.

© 2019 Wells Fargo Bank N.A. all rights reserved. Member FDIC.

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Part 2: Responsible Home Buying https://100blackmen.org/part-2-responsible-home-buying/ Tue, 18 Jun 2019 15:53:06 +0000 https://100blackmen.org/?p=696414 1. Consider your personal situation

Make sure you’re ready to take on the financial responsibilities of managing a mortgage, insurance, property taxes, utilities, and ongoing home maintenance before you buy.

2. Buy only what you can manage

A prequalification from a home mortgage consultant will help you understand your price range so you don’t fall for a house outside of your price range.

3. Don’t skip the inspection

Home inspections often identify problems related to the age and construction of the home including a sinking foundation, or simply a broken dishwasher.

4. Keep an eye on interest rates and fees

When shopping for the best rates, be sure to also compare the annual percentage rate or APR. The APR includes your interest rate and certain fees, such as lender fees and mortgage broker fees, based on the specific characteristics of your loan. The APR shows what percentage of your loan amount you will need to pay every year over the life of your loan. 

5. Prepare for down payment and closing costs

A down payment is required for most loan programs. However, a 20% down payment is not mandatory. In fact, qualified homebuyers may be able to put down as little as 3%. You should also prepare to cover closing costs, which could be another 3% to 5% of your loan amount.

6. Take advantage of programs

You may qualify for down payment assistance or even lower your mortgage costs by researching and applying for homeownership grants, loans, and tax credits.

7. Understand your borrowing choices

You have a lot of options when it comes to choosing your loan type so be sure to understand the difference between conventional and FHA (Federal Housing Administration) loans, and short and long term, fixed or adjustable rate loans.

8. Meet with a Home Mortgage Consultant

Get help demystifying the home buying process. A Wells Fargo Home Mortgage Consultant can help you find loans, terms and programs that may be right for you.

Through our Advancing HomeownershipSMeffort, we hope to impact the declining homeownership rate among African Americans. In 2018, we committed to helping create more than 250,000 homeowners over the next 10 years by lending a projected $60 billion to African American homebuyers. No matter what stage you are in within the home buying process, we can help you prepare to be a responsible home buyer. Visit our resource centerto learn, plan and take action towards your homeownership goals. What’s the next step on your Empowerful journey? Get inspired at wellsfargo.com/empowerful.

© 2019 Wells Fargo Bank N.A. all rights reserved. Member FDIC.

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Part 1: Improving your financial health https://100blackmen.org/part-1-improving-your-financial-health/ Tue, 18 Jun 2019 11:16:07 +0000 https://100blackmen.org/?p=696403 Step 1: Pay yourself first

Before paying bills or other expenses, pay yourself first by depositing 5-10% of your paycheck into your savings account. Doing this every time you get paid will add up over time and help you create a healthy habit of saving.

Step 2: Create a safety net

You never know when an unexpected event like a major car repair or large medical expense will occur, so having an emergency savings fund is important. Put away a small amount each week to create a separate emergency savings fund with 3-6 months of living expenses. One less latté or night out with friends can add up and help build your emergency fund.

Step 3: Pay on time, every time

Your payment history makes up about 35% of your total credit score. So make sure to pay your bills on time to protect your credit score, and to avoid late fees. Set up automatic payments to ensure bills are paid before they’re due and pay at least the minimum balance every month on all of your accounts.

Step 4: Review your insurance annually

You work hard for everything you have, so be sure to protect it. To help secure yourself financially and protect those you love, consider homeowners or renters, auto, life, and umbrella insurance. Review your coverage yearly. As your life changes, your insurance needs may change too.

Step 5: Track your spending

Add up your monthly bills, such as mortgage or rent, insurance, utilities and phone. Then, track your personal expenses, such as groceries, gas, and entertainment. Review your expenses and consider whether an expense is a need or a want. This will help you find areas to reduce spending and identify new ways to save.

Step 6: Pay Down High-Interest-Rate Debt

The higher your interest rate, the more money you’ll pay in borrowing fees. So make a plan to pay down your debt amounts with the highest interest rates first. After paying off the highest interest rate debt, move on to the next until all your debt is under control.

Step 7: Know Where Your Credit Stands

Credit scores are used to determine if you’ll qualify for a good interest rate on a home loan, car loan, or credit card. Plus, many insurance companies, cell phone providers, and landlords refer to your credit score to make decisions. So it’s important to check your report regularly and make sure your information is accurate.

Step 8: Save Sooner for a Better Retirement

The earlier you start to save for retirement, the less you will actually need to put away. Try saving at least 10% of your salary each year. Join your employers 401(k) plan if they have one. If your employer doesn’t offer a 401(k) you can open an individual retirement account (IRA).

Get on the road to prosperity.

Following these 8 steps could help you get on track to achieving your financial goals. For personalized guidance that may help you manage debt, set savings goals, and improve credit, contact a Financial Health Banker for a complimentary Financial Health Conversation.  Learn more at wellsfargo.com/financial-health/conversations

When you prepare now for a prosperous future, you are Empowerful. What’s the next step on your Empowerful journey? Get inspired at wellsfargo.com/empowerful.

© 2019 Wells Fargo Bank N.A. all rights reserved. Member FDIC.

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Thomas W. Dortch Jr. , entrepreneur and national chairman of the 100 Black Men of America, Inc. is a new inductee at the Center for Civil and Human Rights https://100blackmen.org/thomas-w-dortch-jr-entrepreneur-and-national-chairman-of-the-100-black-men-of-america-inc-is-a-new-inductee-at-the-center-for-civil-and-human-rights/ Fri, 31 May 2019 21:45:51 +0000 https://100blackmen.org/?p=696337 Thomas W. Dortch Jr. , entrepreneur and national chairman of the 100 Black Men of America, Inc. is a new inductee at the Center for Civil and Human Rights Read More »

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On Thursday, May 16th, Chairman Thomas W. Dortch Jr., was inducted into the International Civil Rights Walk of Fame.

The Civil Rights Walk of Fame was created to recognize the courageous soldiers of justice who sacrificed and struggled to make equality a reality for all.

Chairman Dortch’s footstep impression will join those of civil and human rights icons, such as Rosa Parks, Archbishop Emeritus Desmond Tutu, Ambassador Andrew Young, US Congressman John Lewis, and others.

Congratulations Chairman Dortch, and thank you for all that you do.

Read more at AJC.com: Center for Civil and Human Rights will now have footprints display

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Detroit Chapter Mentees Visit The Detroit Metropolitan Wayne County Airport https://100blackmen.org/detroit-chapter-mentees-visit-the-detroit-metropolitan-wayne-county-airport/ Thu, 16 May 2019 19:17:58 +0000 https://100blackmen.org/?p=695988 Detroit Chapter Mentees Visit The Detroit Metropolitan Wayne County Airport Read More »

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Another success Project Success meeting – this time, our young men had a firsthand opportunity to gain a bit of information about the air transportation business.

Thanks to 100 Member Ramone Crowe (Executive for the FAA) we had an opportunity to visit Detroit Metro Airport.  He arranged a very special tour for our group – that was handled by Delta Airlines.

It started the moment we got off of the bus – our young men, parents and members that attended were greeted and given VIP badges (green badges) that allowed us access to the airport.   We went through security – and because of the VIP pass, we had a private security line.  From there, we were divided into two groups.

The different groups walked down the hallway and before we knew it, we were boarding a new Delta wide body jet.   This plane was scheduled to go to Tokyo later that day. Our young men had an opportunity to learn what it takes to prepare a plane for passengers – and to visit the cockpit.  Delta has just over 80,000 employees (only 14,000 are pilots) –so if you don’t want to be a pilot, there are some many more/different opportunities.  We also shared the workers’ income.

Next, we went to the Delta control tower.  Controllers there handle all of the planes (Delta) on the ground and within a 50 miles’ radius of the airport.  They are also in touch with the next control tower for other airlines. In the operations department, staff there handle everything – including passenger/customer service, airplane fuel, food services, gate agent, pilots and flight attendants – everything that is need to safely get passengers to our destination.   

Once done, we all headed over to Bob Evans for lunch.  What a great day –and we want to thank Ramone Crowe and Delta for allowing us this opportunity.

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The 100 Black Men of Stamford first annual Young Men of Color Summit https://100blackmen.org/the-100-black-men-of-stamford-first-annual-young-men-of-color-summit/ Sat, 11 May 2019 20:22:32 +0000 https://100blackmen.org/?p=696011 The 100 Black Men of Stamford first annual Young Men of Color Summit Read More »

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The 100 Black Men of Stamford are holding their first annual Young Men of Color Summit – at the University of Connecticut/Stamford on Saturday May 11, 2019. This is a major, new chapter initiative to bring together male minority students from the greater Stamford area.  We are expecting to bring together about 100 students for this inaugural event.

The day runs from 8:00 AM to 2:30 PM and features two dynamic Keynote Speakers – Dr. Steve Perry and Mr. Derek Ferguson that have navigated numerous life challenges to becoming highly successful role models. There are also three 60-minute interactive workshops included in the day that each build off the prior session.  These small group gatherings will be situated around a working lunch with the subject matter covered as follows: 

  • Session 1 – Brainstorming to develop and capture individual dreams and goals
  • Session 2 – Finding a career pathway that will lead to a meaningful life
  • Session 3 – Understanding the changing job marketplace over next 5 years

Our goal in hosting this event is to helpprovide these high school students with a path to identify broad concepts of success thus creating a positive and practical vision for their future.   Early exposure to new career opportunities and hands on experience is critical in connecting with these young men.

We are partnering with a local organization Future 5 (www.futurefive.org) that focuses on assisting motivated, low-income minority high school students in Stamford, CT to reach their full potential, leading to independence and productive citizenship.  The goal is to connect those students to the people, resources, and experiences essential to making the transition to post-secondary education and careers.  We have held series of joint programs over the past year and this is our largest collaboration to date.

We are also collaborating with Indeed (www.indeed.com) a major player in the on-line recruiting and placement space.  Their Black Inclusion Group (BIG) has been instrumental in sharing information about the latest trends in the job market and where some unique opportunities exist for our High School population. 

Our entire chapter is very excited about this new program and its potential to further transform how we deliver value to our local community.

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