Economic Perspectives with Hopeton Hay on KAZI 88.7 FM in Austin, TX

Hopeton Hay Presentation on Economic Condition of African Americans March 9

Posted by Hopeton on February 19, 2010

Hopeton Hay, host and producer of Economic Perspectives on KAZI 88.7 FM, will present an overview on the economic condition of African Americans  on March 9, 6 p.m. – 7:30 p.m., at the George Washington Carver Museum ‘s Cultural Lounge, 1165 Angelina St., Austin, Texas.   In addition he also will pay tribute to eight African American Economic Trailblazers, leaders who have opened the doors of opportunity for African Americans and other minorities.

Hopeton Hay

Following the presentation there will be a book signing for the second edition of Dr. Juliet Walker’s award winning book “The History of Black Business in America, Volume 1, To 1865.”

“With the theme of Black History Month this year being the History of Black Economic Empowerment, it is important that we take stock of where we are economically today and honor the contributions of those who have helped African Americans gain better access to business and career opportunities,” says Hay, who is chairman of the Texas NAACP Economic Development Committee.

The African American Economic Trailblazers that will be recognized in Hopeton’s presentation will include:

Reginald Lewis: Lewis was the first African American to own a company with sales exceeding $1 billion,  TLC Beatrice.  Lewis purchased the international division of Beatrice Foods (64 companies in 31 countries) in August 1987 for $985 million, the largest offshore leveraged buyout by an American company at the time.

Alden J. McDonald, Jr.: McDonald has been President and CEO since 1972 of Liberty Bank and Trust Company, headquartered in New Orleans, one of the five largest African-American owned financial institutions in the United States.   He successfully steered Liberty Bank & Trust through the devastation of Hurricane Katrina in 2005 to record profits the following year.

Harriet Michel: Michel has served as president of the National Minority Supplier Development Council since 1988, opening the door for corporate contracting opportunities to African American and other minority-owned businesses.

Parren Mitchell: Mitchell, the first elected Black U.S. congressman from Maryland, led the passage of landmark legislation and laws that required government agencies to establish contracting goals for minority businesses in the 1970s and 80s.

Frank K. Ross: Ross was one of the founders and the first president of the National Association of Black Accountants, which was founded in 1969.  His efforts helped increase the number of African Americans in accounting.

Abraham Venable: Venable was the first African American director of the U.S. Department of Commerce Office of Minority Business Enterprise (now the Minority Business Development Agency), serving as its second national director from 1970-1971. While there he oversaw the beginning of a concerted effort to bring minorities into the mainstream of American business.

Dr. Juliet E. K. Walker: Walker is the author of The History of Black Business in America: Capitalism, Race, Entrepreneurship.  Her book is the only source that provides a detailed study of the continuity, diversity, and multiplicity of independent self-help economic activities among African Americans.

Whitney Young: Young was executive director of the National Urban League from 1961 – 1971. He fought for cities to receive federal assistance to combat the social ills facing African Americans, a strategy President Lyndon Johnson included in his War on Poverty platform.

For more information on the presentation email

Many thanks to Richard Glasco State Farm Insurance Agency for their support of the African American Economic Trailblazers.  For your insurance and financial services needs in Central Texas contact Richard Glasco by clicking here.


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