The buying power of Black consumers in the Central Savannah River Area is now $4.8 billion. Over the past 19 years, according to Nielsen, the pace of spending by African Americans has grown 28% faster than by White consumers.
If a CSRA area small business owner would like to earn a larger share of this spending, the best place to start is with advertising.
"For African American consumers, advertising of all types is an important touchpoint in their shopping journey," says a recent study by Nielsen. "African American consumers are more likely than the total population to agree that advertising provides them with meaningful information about the product use of other consumers."
"African Americans are avid media consumers, across multiple media channels, which gives advertisers ample opportunities to connect with them."
The best advertising medium, though, for small business owners to reach the CSRA's African American consumers is local radio.