(Philadelphia, PA) — Organizers of the Ebony Fashion Fair have canceled the annual fashion showcase this year due to the economic slowdown. Staged annually in Philadelphia or New Jersey for 50 years, the fashion show that caters to African-American audiences, hopes to return in the fall of 2010. The event has raised more than $55 million over the years to benefit largely African-American groups nationwide. It is hosted by the Philadelphia Cultural Committee, which uses some of the proceeds to fund college scholarships for students interested in the arts.

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