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This week, Russell Simmons, Dr. Benjamin Chavis, the Hip-Hop Summit Action Network (HSAN) and Walmart will convene the national Hip-Hop Summit on Financial Empowerment entitled “Get Your Money Right” in Houston. The event will offer valuable and timely financial information from financial experts, celebrities and community leaders.

Free to the public, the summit will take place Sat., Oct. 17 at the Granville M. Sawyer Auditorium on the campus of Texas Southern University, 3100 Cleburne Street, Houston, Texas 27403. Doors open at 12:00 p.m.

Financial literacy is critical as multicultural communities are disproportionately impacted by the economic downturn. For example, the unemployment rate has increased and the share of the working-age population that is employed has fallen more for immigrant Latinos. In addition, the African-American job loss exceeds one million as a result of the recession, representing more than 60 percent of the total increase in the number of those unemployed. Russell Simmons, chairman and co-founder of HSAN, stated,

“The recession continues to hit the minority communities the hardest and without financial literacy, those communities will not be able to move forward to improve their standards of living. The ‘Get Your Money Right’ Hip-Hop Summit in Houston will be the perfect opportunity for leaders in the Hip-Hop community to share invaluable information about financial empowerment.”

Confirmed artists and celebrities scheduled to participate in the Hip-Hop Summit on Financial Empowerment in Houston include Russell Simmons, BET’s Alesha Renee, Slim Thug, and Dr. Benjamin Chavis. 97.9 The Box is the exclusive radio partner for the Hip-Hop Summit in Houston.

Chavis, president and co-founder of HSAN, added,

“The Hip-Hop ‘Get Your Money Right’ Summit will be both informative and dynamic in the context of hip-hop culture. This is about keeping yourself informed on how to improve your quality of life. As the economy in the United States undergoes a recovery, it is very important for young people to participate in efforts to build a stronger financial foundation.”

Walmart is the presenting sponsor of the Houston “Get Your Money Right!” Summit. In addition the retailer will host a special in-store promotion of the summit on Friday, Oct. 16 at 4:30 p.m. at the Walmart Superstore located at West Park, 3506 S. Hwy 6 South, Houston, Texas 77082.

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