Building Community Wealth in Philadelphia Many local economic development efforts work under the premise that community revitalization is a zero-sum game, where progress can only be achieved in one area through extracting resources from another. Too often this unproductive and dangerous competition positions marginalized individuals against each other. Every community has intrinsic and unique [...]
Like it or not, gentrification is changing the shape of Philadelphia neighborhoods. What to do?
Community Development in America’s Poorest Large City As reported by the Pew Charitable Trust, a quarter of the Philadelphia population lives in poverty, the highest rate out of America’s top ten most populous cities. Despite a city with job growth above the national norm, its economy is failing many. This is not an isolated phenomenon, [...]
Definition: Sustainable Competitive Advantage Sustainable competitive advantage is a lasting ability to outperform all competition in a particular area or industry. How are you different from your competition, why should people buy from you? You should be asking yourselves these questions daily. The answers to these questions can include the following: quality, [...]
Small Businesses Should Expect Policy Changes Under Trump The presidential election results have shocked many including small business owners! Throughout his campaign, Donald Trump has made it vividly clear that it won’t be business as usual with him in the Oval Office. Many are unsure how a Trump administration will affect small businesses. His policy [...]
“There’s Money Out There – $10K Loans on the Spot” October 3, 2016 marks the return of the 32nd Philadelphia Minority Enterprise Development (MED) week which celebrates minority enterprises in the region. This year’s MED Week theme is Philadelphia the Center of Opportunity: Building Capacity for Prosperity, which will include more than 40 events, including educational workshops, [...]
A History of Black Wealth African Americans in 1921 had a multimillionaire business corridor that housed a bank, law firms, barbershops, car dealerships, doctors offices, schools, beauty salons, meat shops, a movie theater, and more! If you were black you didn’t have to leave your community for anything. Today that concept is totally reversed. Black [...]