Divine Nine (D9) are a group of historically black collegiate Greek letter fraternities and sororities. D9 members are Presidents & Vice Presidents of the United States, CEO’s, business owners, executives, leaders, educators, doctors, lawyers, service veterans, students, alumni, etc. Now imagine if all these members came together with a clear objective, Group Economics- “Divine Nine Economics.”
People who practice group economics band together for one or more reasons, including building generational wealth and providing economic support for their communities. Statistics show that when a community consciously promotes practicing group economics, it will improve the quality of life for the population living in those areas. The benefits of group economics are financial independence, promotion of financial literacy, self-sufficiency, business growth, and multi-generational wealth building.
Annual gross domestic production of African-Americans is $1.6 trillion per year. Yet today, only 2 cents of every dollar is used to fund Black-owned businesses. Further, the Black dollar only circulates a total of 6 hours before leaving the community. If we ask ourselves whether there is demand, the answer is radically yes.