By Jim Kvicala

A report on minority buying power released today by the Selig Center for Economic Growth at the University of Georgia’s Terry College of Business projects disposable income controlled by minorities will continue growing at a faster rate than that of white households at least through 2010.

“The fast-paced growth of minority buying power demonstrates the increasing economic clout of minority consumers,” said Jeff Humphreys, Selig Center director and the report’s author. “One implication is that business-to-consumer companies do not necessarily have to look overseas to find booming markets, as there are great opportunities right here in America’s multicultural economy.”