Five ways city leaders can support Black entrepreneurs’ efforts to ‘buy back the block’
Written by Black Hot Fire Network on July 1, 2023
When it comes to commercial real estate ownership in majority-Black neighborhoods, Black business owners are often systemically excluded from the economic benefits such ownership can generate, while other investors amass control over profits and the trajectory of neighborhood development.
“There is an assumption that [small business owners] can pay rent in South LA but cannot own property here,” Olympia Auset, a South Los Angeles-based small business owner, told us. “There are so many people here who stay in a rental property for 10 years or longer, but whenever they want to own something, they are . . .
