Fort Greene Partners is a minority-owned business investing in Emerging Domestic Markets
The United States has been going through a period of major demographic shifts driven by a sustained influx of minority/ethnic immigrants in the past few decades and higher birth rates among minorities. The U.S. Department of Commerce estimates the country will grow by 50 percent in the next 40 years and that 90 percent of that increase will come from minority communities. These demographic changes, combined with improvements in education attainment and greater purchasing power among minorities, have created a separate asset class identified by Boston Consulting Group as “Emerging Domestic Markets” (EDM), which offer a variety of new and attractive investment opportunities.
An EDM company features one of more of the following criteria: (1) Ownership (the business owners or investors belong to an ethnic minority group); (2) Customer base (the business serves primarily minority customers) or (3) Geography (the business is located in the inner city or in low-to-moderate income “LMI” neighborhoods, including real estate)
For over three hundred years, through waves of immigration, Native American, British, Spanish, African, Irish, Italian, Asian and Latin American, Diversity, through fits and starts, has been the “secret sauce” of the American experiment and makes the USA the most dynamic country on earth. The 21st century will be no different. Profits can be made by investing accordingly.