Tyler Perry Expansion Could Bring 8,000 Jobs To Atlanta
In a deal that is expected to close next month, filmmaker Tyler Perry will acquire an Atlanta army base (Fort McPherson) for an estimated $30 million as part of the planned expansion of Tyler Perry Studios. The new studio could create up to 8,000 jobs. Said Perry, "I am thrilled to have my vision for Tyler Perry Studios come to life in south Atlanta. I look forward to not only expanding Tyler Perry Studios and its capabilities, but also to witness firsthand the economic revitalization of the communities and neighborhoods surrounding the property."
Isaacs Re-Elected President of Motion Picture Academy
In other entertainment based businessnews, Cheryl Boone Isaacs, the first African American (and third woman) to be voted in as president of the Motion Picture Academy, has been re-elected to a second term. As president, she will play a critical role in the $300-million Academy Museum, set to open in 2017 at site of the former May Co. building at Wilshire Boulevard and Fairfax.
Recycling The $40 Billion Blacks Spend on Travel
African Americans spend $40 billion annually on the hotel and travel industry, according to a joint study by Nielsen and National Newspaper Publisher Association.
The study revealed billons is being spent on business conferences, weddings, vacations and other events, but seldom does any of the money resurface in the African American business community.
“…We know black business is the key to the unemployment that is wreaking havoc on our communities,” said U.S Black Chambers President Ron Busby, who along with the National Association of Black Hotel Owners (NABHOOD), agreed to collaborate to raise awareness of the importance of patronizing black-owned businesses.
“As African Americans, we have events always with white-owned establishments. I think we can bring some of that money back to us,” Busby added.
There are more than 500 black-owned hotels and hospitality venues in the United States, according to NABHOOD. Nine of them are in the Caribbean, Ghana and Liberia.
It is critically important say advocates of the initiative to be aware of these black-owned business and tap into their resources. This they say will bring more dollars back into the black community.