Just Circumstances and Situations
Without Options There is no Choice
Multi Cultural Communities Spend Trillions of Dollars in the USA
WHAT DOES MULTI CULTURAL COMMUNITIES LOOK LIKE ECONOMICALLY
JUNIQUES MULTI CULTURAL CONNECTIONS
FOCUSED ON CULTURAL ECONOMICS AND COMMERCE!
Cultural economics is the branch of economics that studies the relation of culture to economic outcomes.
COMMERCE - the activity embracing all forms of the purchase and sale of goods and services
THERE IS Culture
Broadly, social heritage of a group (organized community or society).
It is a pattern of responses discovered,developed, or invented during the group's history of handling problems
which arise from interactions among its members,and between themand their environment.
These responses are considered the correct way to perceive, feel, think, and act, and are passed on to
the new members through immersion and teaching.
Culture determines what is acceptable or unacceptable, important or unimportant, right or wrong, workable or unworkable.
It encompasses all learned and shared, explicit or tacit, assumptions, beliefs, knowledge, norms, and values,
as well as attitudes, behavior, dress, and language.
THEN THERE IS CULTURAL ECONOMICS
Cultural economics is the branch of economics that studies the relation of culture to economic
WHAT IS URBAN? Geograhically
Urban means "related to cities."
An urban area is characterized by higher population densityand vast human features
in comparison to areas surrounding it. Urban areas may be cities, towns, and/or a large city surrounded closely
by smaller ones.
An urban area may be defined by the number of residents the population density, the percent of people
not dependent upon agriculture.
WHAT IS URBAN? Socially
A common misconception Is Urban another word for Blacks
Statistical inaccuracy of the euphemism "Urban" as a euphemism for black is today statistically inaccurate
as blacks have moved en masse from inner cities to suburbs, and as the central areas of cities have seen
large influxes of Hispanic, white and in some cases Asian American populations.
WHAT IS THE URBAN CULTURE
People who have shared attitudes, values, goals, and practices that characterizes
and institution, organization, or group.
WHAT IS THE URBAN MARKET??
The people who need product and services that meet their needs.
HOW DOES A METROPOLITAN EFFECT A URBAN AREA
Unlike an urban area, a metropolitan area includes not only the urban area, but also satellite cities plus
intervening rural land that is socio-economically connected to the urban core city, typically by employment ties through commuting, with the urban core city being the primary labor market.
In fact, urbanized areas grows the core population/economic activity center,
within a larger metropolitan area.
People of Color
a simple definition for "person of color" provided by the Oxford University
is " a person who is not white or of european parentage"
The U.S. Census Bureau defines the foreign born as individuals who had no U.S. citizenship at birth.
The foreign-born population includes naturalized citizens, lawful permanent residents, refugees and asylees,
legal nonimmigrants (including those on student, work, or other temporary visas),
and persons residing in the country without authorization.
The terms foreign born and immigrant are used interchangeably
and refer to those who were born in another country and later emigrated to the United States.
Polyethnicity refers to the proximity of people from different ethnic backgrounds
within a country or other specific geographic region. It also relates to the ability and
willingness of individuals to identify themselves with multiple ethnicities
Ethnicity refers to shared cultural practices, perspectives, and distinctions
that set apart one group of people from another. That is, ethnicity is a shared cultural heritage.
The most common characteristics distinguishing various ethnic groups are ancestry, a sense of history,
language, religion, and forms of dress.
Race and Ethnicity Defined - CliffsNotes
An ethnoburb is a suburban residential and business area with a notable cluster of a particular
ethnic minority population. Although the group may not constitute the majority within the region,
it is a significant amount of the population.
JUNIQUES MULTICULTURAL CONNECTIONS
WELCOMES THE OPPORTUNITY TO HELP YOU REACH THE
MULTI TRILLION DOLLARS COMMERCE THAT IS AVAILABLE
TO ACTIVE BUSINESS OWNERS AND LEADERS!!
JUNIQUES MULTI CULTURAL CONNECTIONS IS
Designed for positive minded, forward thinking, ethical,servant leader type, people.
Providing life style enriching information
.Providing a online location for Multi Cultural Communities to Connect, Share, Grow, and Learn.
A venue to allow the development of Global Commerce Transactions,
Personal and Business Connections.
Connecting people around the corner and around the world with One Click.
Juniques will help with Reducing Home Based Business Failure by 2%
Juniques will help Small Businesses increase profitability by 10%
Juniques will help Senior develop additional income producing assets!!!!
UGA economist has charted the explosive growth of Hispanic, African American and Asian American markets since 1990
In the 30 years since the University of Georgia’s Selig Center for Economic Growth launched its Multicultural Economy report, the population of the United States has grown more racially and ethnically diverse and so has the nation’s buying power.
With the release of the 2021 report, the Selig Center issued new estimates of minority buying power for the U.S. and all 50 states.
The takeaway: Asian Americans, African Americans and Hispanics wield formidable economic clout. And companies can no longer take a one-size-fits-all approach to marketing consumer goods and services.
“The buying power estimates and differences in spending by race and/or ethnicity suggest that as the nation’s consumer market becomes more diverse, advertising, products and media must be tailored to each market segment,” said Jeff Humphreys, director of the Selig Center and author of the Multicultural Economy report.
A public service and outreach unit of the Terry College of Business, the Selig Center has produced a Multicultural Economy report each year since 1990, except for 2020 when data disruptions following the COVID-19 pandemic delayed production. The 161-page report with supporting data tables is available to the public at www.terry.uga.edu/selig.
Based on data provided by the U.S. Census Bureau, the U.S. Bureau of Economic Analysis and other sources, the Selig Center estimates the buying power for African American, Asian American and Native American consumers, which has exploded over the past 30 years, up from $458 billion in 1990 to $3 trillion in 2020. In addition to increasing sheer size, their combined share of the nation’s total buying power increased from 10.6% in 1990 to 17.2% in 2020.
Hispanic buying power also has grown substantially over the last 30 years, from $213 billion in 1990 to $1.9 trillion in 2020. Hispanic buying power accounted for 11.1% of U.S. buying power in 2020, up from only 5% in 1990.
The diversification of the U.S. consumer market has been driven by many factors, including population growth, favorable demographics, entrepreneurial activity and rising levels of educational attainment, Humphreys said.
“A major factor underpinning the growth of the nation’s minority markets is that African Americans, Asians and Hispanics continue to become more highly educated, which allows proportionally more Blacks, Asians and Hispanics to enter occupations with higher average salaries.”
Total U.S. buying power
The report defines consumer buying power as total income after taxes.
The combined buying power of U.S. consumers grew from $11.3 trillion to $17.5 trillion between 2010 and 2020, or by 55%.
Over the same time period, Asian American buying power grew by 111%; the buying power for those of Hispanic ethnicity grew by 87%,
Native American buying power grew by 67%, and African American buying power grew by 61%.
Hispanic market growth
The Hispanic market is the largest minority market in the U.S. and continues to expand briskly. The group’s spending power grew to
$1.9 trillion in 2020, an increase of 87% from 2010.
In 2020, the 10 states with the largest Hispanic markets, in order, are California ($506 billion), Texas ($361 billion), Florida ($208 billion),
New York ($139 billion), New Jersey ($70 billion), Illinois ($68 billion), Arizona ($63 billion), Colorado ($40 billion), New Mexico ($32 billion)
and Washington ($31 billion).
The states with the fastest growth in the Hispanic market between 2010-2020 are North Dakota (206%), South Dakota (136%), Montana (133%), Idaho (121%), District of Columbia (119%), New Hampshire (118%), Oregon (115%), Washington (114%), Massachusetts (113%) and Pennsylvania (112%).
The Multicultural Economy report also includes national market estimates for seven of the largest Hispanic subgroups in the United States. Persons of Mexican origin constitute are the largest subgroup and account for 56% of Hispanic buying power in the U.S.
Asian American market growth
Almost 21 million Asian Americans, including Native Hawaiians and Pacific Islanders, represent 6.3% of the U.S. population. The group’s buying power of $1.3 trillion is larger than the annual economic GDP of all but 13 countries.
In 2020, the 10 states with the largest Asian consumer markets are California ($439 billion), New York ($109 billion), Texas ($100 billion), New Jersey ($70 billion), Washington ($58 billion), Illinois ($49 billion), Virginia ($39 billion), Florida ($37 billion), Massachusetts ($36 billion) and Hawaii ($36 billion).
The states with the fastest growth in the Asian market between 2010-2020 are Washington (174%), South Dakota (164%), Utah (157%),
Vermont (154%), Indiana (146%), Montana (145%), Texas (153%), Oregon (142%), North Carolina (142%) and Georgia (138%).
The report provides data on 17 subgroups of U.S. Asian consumers, such as Chinese, Indians and Filipinos. The market’s diversity is both a strength and a challenge to marketers, Humphreys said.
African American market growth
In 2020, African American economic clout energized the U.S. consumer market as never before. The buying power of African Americans rose to $1.6 trillion, or 9% of the nation’s total buying power.
In 2020, the 10 states with the largest African American markets are Texas ($149 billion), New York ($141 billion), Georgia ($118 billion), California ($118 billion), Florida ($116 billion), Maryland ($86 billion), North Carolina ($75 billion), Virginia ($67 billion), Illinois ($63 billion) and New Jersey ($57 billion).
The states with the fastest growth in Black buying power between 2010-2020 are North Dakota (316%), South Dakota (146%), Hawaii (113%), Idaho (109%), Washington (104%), New Hampshire (104%), Oregon (103%), Wyoming (103%), Arizona (103%) and Nevada (101%).
Native American market growth
The Selig Center projects that the nation’s Native American buying power will rise from $84 billion in 2010 to $140 billion in 2020. Between 2010 and 2020, Native American buying power grew by 67%.
In 2020, the 10 states with the largest Native American markets are California ($25 billion), Oklahoma ($13 billion), Texas ($12 billion), Arizona ($9 billion), New York ($7 billion), New Mexico ($6 billion), Washington ($5 billion), Florida ($5 billion), North Carolina ($5 billion) and Alaska ($4 billion).
The states with the fastest growth in the Native American buying power between 1990 and 2020 are Utah (104%), Idaho (89%), Washington (87%), Rhode Island (87%), Colorado (86%), Florida (86%), Arizona (84%), Nebraska (84%), Oregon (83%) and Tennessee (80%).
The $1.3 trillion Asian American market in the U.S. is larger than the economies of all but 13 countries around the world. It is slightly larger than the gross domestic product of Spain and slightly smaller than the GDP of Australia.
In 2020, Asian Indians account for 29 percent of U.S. Asian buying power, or $381 billion.
In 2020, Hispanic buying power in the U.S. reached $1.9 trillion, which is larger than the GDP of Italy and slightly smaller than the GDP of France.
From 2010-2020, North Dakota saw the fastest growth in African American (316%) and Hispanic (206%) buying power.
From 2010-2020, Washington and South Dakota saw the fastest growth in Asian buying power, 174% and 164% respectively
article source: https://news.uga.edu/selig-multicultural-economy-report-2021/
Multi Cultural Economic Facts
Juniques Multi Culturan Connections support Micro and Small Businesses
Juniques Multi Cultural Connections business community is made of: Micro and Small business owners
One of our Business community objectives is:
Increase profitability for micro and small business minimum 10%
A Micro Business can be described as a business that has only one owner, with a total of up to
five employees including the owner.
Though micro businesses may be made up of only one person, they are not just sole proprietorships.
They can be structured as partnerships and corporations, too, depending on what legal entity is most advantageous.
According to the U.S. Small Business Administration, 78.5 percent of small businesses are "nonemployer" firms,
meaning that they have no employees.
Representing a staggering 92% of all U.S. businesses,
Micro Businesses are changing the dynamics of income, wealth creation and quality of life in America like no other
According to data from the Bureau of Labor Statistics, as reported by Fundera, approximately 20 percent of small businesses fail within the first year. By the end of the second year, 30 percent of businesses will have failed. By the end of the fifth year, about half will have failed. And by the end of the decade, only 30 percent of businesses will remain — a 70 percent failure rate.
One of our Business community objectives is:
Reducing Small Business 1st year Failure by 2%
A Small Business, can be described as a for profit business that is independently owned and operated
and not dominant in its field.
Small Businesses typically have more than five employees but can have as many as 500 employees,
depending on the industry and the product produced.
Over 22 million Small Businesses exist in the U.S.
They are responsible for creating 64% of new jobs in the last 20 years, and for providing the most new jobs in small communities.
WHAT IS OUR DIRECTION
One of our Business community objectives is:
Reducing Home Based Business Failure by 2%
The $130 Billion Home Based Business industry failure rate is above 90%
Most startup Home Based Business will be OUT of business 3 months to 1year
JMCC shall provide instructions,counseling, and business building "tools" to help
reduce that statistic by 2% EVERY YEAR!!
Juniques Multi Cultural Connections Connects with the Multi Cultural Communities
Juniques Multi Cultural Connections is networking locally, nationally, and internationally
A specific type of marketing that is geared towards promoting a message to a certain group of
potential purchasers from a particular culture or demographic.
A particular type of marketing that caters to those in a specific nationality or ethnic group.
Oftentimes these ads are produced in that particular group's native language and with other features that are
specific to the targeted group
Multi channel marketing
The use of many different types of marketing, such as web sites, catalogs, telephone calls, texting,
e-mail, brochures, pamphlets, flyers, print advertising, direct mail, conferences, workshops, webinars,
seminars and television advertisements in order to obtain the business of a consumer.
This type of marketing must have good systems of management in the supply chain,
so as to furnish not only the appropriate goods but also prices and details across all the different media.
Some of the
Companies and Groups we network with
MULTI CULTURAL PROFESSIONALS
YOUNG INDIAN ENTREPRENEURS
BLACK ENTERPRISE NETWORKED
Hispanic Professionals Business Solution
Canada Business and Professional Network
Network After Work-Professional and Business Networking Events
LATIN AMERICA BUSINESS DEVELOPMENT NETWORK
Minority Business Entrepreneur (MBE) Group
Network After Work - Phoenix
Network After Work-San Francisco
Japan Networking Group
AP SENSE GLOBAL COMMUNITY
CARIBBEAN AMERICAN WEEKLY
PHOENIX METRO MULTI CULTURAL ORGANIZATIONS
Arizona Hispanic Chamber of Commerce
India Association of Phoenix
Indo-American Foundation of Arizona
Highly Recommended by Locals On Alignable
Juniques Multi Cultural Connections
Glendale, AZ. 85312