The Kinte Center Inc., CityEast Markets Inc's facilitating non-profit organization has a job creation specific purpose and has spent the past seven years conducting research and performing analysis to develop a plan to create jobs and economic opportunity in the targeted East Oakland community. CityEast Markets will bring new jobs to the targeted East Oakland community. Research over the past two years was devoted almost exclusively to the matter of grocery stores for the targeted community. As a nonprofit organization with a job creation specific purpose our first research was to determine if there is a financial base on which to create jobs in the community. We find that the targeted community area's annual consumer expenditures total $3,434,915,781.70 (over 3.4 billion dollars) and that jobs are created from these dollars wherever they are spent. We further and more specifically find that $127,471,835.03 of this 3.4 Billion dollars is spent on groceries i.e., (Food at Home) annually. In case of the targeted community area's grocery expenditures, we find that the targeted community area's $127,471,835.03 in annual grocery expenditures create an estimated 739 jobs wherever these dollars are spent with the possibility of 183 youth jobs. Based on this research information The Kinte Center Inc. took a mission to start-up new full service grocery store(s) in the targeted low income community area in East Oakland. 80% of the new jobs from the grocery store(s) will go to the targeted community area's low income unemployed in general with 30% reserved for the community area's low income unemployed youth; many of whom will be high school dropouts and will have been brought to "Workplace readiness" through the Youth Employment Development component of The Kinte Center's Youth Employment Program.
The plan is to start first with one grocery store with the possibility of opening additional stores in the near future. The new full service grocery store(s) will not only help mitigate the "Food Desert" situation in our targeted low income East Oakland community area but will also capture more of the above referenced $127,471,835.03 that the residents of our targeted community area spend on grocery annually in the community rather than in other communities as captring these grocery expenditures in our targeted community area will create jobs and reduce the targeted community area's unemployment rate down from over two and one half times the national unemployment rate and reduce youth unemployment; mostly Black youth unemployment, as the community area is majority Black down from a well documented Black Youth Unemployment Rate of four times the national unemployment rate.
As shown in the chart below, our targeted area's estimated $127,471,835.03 in annual grocery consumer expenditures potentially create some 739 jobs wherever these dollars are spent. |