Dr. Trevor Castor is a unicorn in waiting, as a Best in Black Business exemplar in #BLACKDOLLARSMATTER: State of Black Business, 12th edition by John William Templeton, co-founder of National Black Business Month.
Michael Grant, president of the National Bankers Association, says, "#BLACKDOLLARSMATTER acknowledges the critical role of African-American banks to close the $30 billion credit gap which trims the sails of the 2.6 million African-American businesses. This data-rich resource convinces anyone of the great power of entrepreneurship to reach the goal of economic parity by 2020.”
Templeton unveils Our10Plan: African-American economic strategy during a luncheon Dec. 5 for the National Black Caucus of State Legislators convention in Los Angeles. The strategy sets a goal of reaching ten percent of U.S. GDP comprised of income to black businesses and consumers by 2020, which would double the current $1 trillion aggregate black income to $2 trillion. The current aggregate black income is just six percent of the $17 trillion GDP although African Americans are 11 percent of national population. The 2.6 million African-American firms are nine percent of all U.S. businesses.
Castor, founder and president of Aphios in Woburn, is one of the 50 Most Important African-Americans in Technology and is featured with Gerald Commissiong, CEO of Amarantus BioScience Holdings, on the cover of #BLACKDOLLARSMATTER as the new face of black business. Almost 500,000 of the 2.6 million companies are in health care.