FUNDING
To best present our funding strategy we have categorized and color coded
targeted funding for the nine (9) Job Creating Projects and our Programs.
Projects 1 and 2 constitute category # 1, color coded green are slated for non
profit business ownership. Projects 3 thorough 9 constitute category # 2,
color coded red are slated for private business Ownership and Our Programs
constitute category # 3 and are color coded yellow.
While Funding Category # 1 (projects 1 and 2) and Funding Category # 3
(Our Programs) will generate some 1055 jobs. Most new jobs (1424) will be
generated from Funding Category # 2 (projects 3 through 9) which are
designated for funding through private ownership.
Conventional non profit funding is not available for privately owned
businesses. Fortunately; post the civil rights era Athletes, Entertainers and
Celebrity etc., that hail from in and around our targeted area are now
financially able to establish privately owned businesses in our targeted area.
A current model for this type of funding is what we term "The Magic
Johnson Model" where Magic successfully owns and operates businesses in
urban low income areas like ours while multinational businesses dismiss
such business ventures as "Profit impossible".
The area's Estimated Annual Household Expenditures totaling over 3.4
billion dollars over 97 different goods and services along with a huge
number of new millionaires that hail from our targeted area means that the
opportunity to establish new businesses from existing area consumer
expenditures is virtually unlimited. The Job Creating Projects List will be
expanded to accommodate the full implementation of our Youth
Employment/Youth employment Development Program. To study our
color coded Funding Schematic (Click here).
WEALTH RETENTION
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FIGURE 2 |
Beyond funding and implementation the dollar must circulate within the community to multiply and build wealth in the community. In this connection we have created a diagram showing sources of funding and infusion of dollars into the community, the spending of these dollars with businesses based in the community followed by deposits into a community serving banking system and finally the lending of these dollars back to community businesses and residents. To view a diagram for retaining and re-circulating community wealth (click on figure 2).
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