The purpose of the Alpha Phi Alpha Business & Economic Development Foundation is to “promote and encourage economic development in minority and disadvantaged communities by expanding the opportunities for the residents of those communities to enter into, own, manage, operate and/or be employed in business enterprises which are based upon the substantial participation of the low income community.” Additionally, the Foundation’s aim is to promote a dynamic business environment in underserved communities through franchise opportunities, family financial planning and an aggressive Wealth Building Initiative.