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AABDC has developed broad-based alliances and partnerships with public agencies and private sector organizations to provide Asian American businesses better access to information, resources, markets and technical assistance.
The creation, development and implementation of the New Majority concept by AABDC, which foster business development between African American, Hispanic American and Asian American communities, was widely hailed as a major groundbreaking idea. By leveraging each community's unique strength and expanding market share in the national economy, the New Majority initiative offers the promise of a new paradigm in economic development.
Since March 1997, with holding of the first New Majority Economic Summit in New York City, there have been over two-dozen conferences, workshops and receptions on the theme of New Majority from how to do business together to better communications to digital divide to international business development. The initiative has resulted in the publication of two major studies on New Majority businesses and benefits of such alliances, a New Majority Media Directory to facilitate communication, and the local, regional and national media coverage of various events and activities.
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The first New Majority Economic Summit, organized by AABDC, the One Hundred Black Men, Inc. and the National Puerto Rican Business Council at Grand Hyatt Hotel in March 1996 attracted over 1,300 people.
John Wang joined a Kwanzaa celebration in Harlem with Congressman Charlie Rangle (r), City Councilman Bill Perkins (l) and Jose Ferrer (3rd from l), founder of Kwanzaa Fair.
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