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gentrification

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A Chef That Shut Down His Restaurant As A Result Of Gentrification Becomes Part-Owner In DC's Capitol Square Bar & Grill

With a helping hand, chef James Robinson has secured part-ownership in Capitol Square Bar & Grill following the closing of his own restaurant in Washington, DC.

Oct 20, 2023

Parity Founder Bree Jones Left Six Figures On Wall Street At Age 24 To Rebuild Communities 'Without Gentrification'

Parity founder Bree Jones has learned the value of resilience on multiple occasions. In 2022, she held a TED Talk at TED 2022: A New Era titled “How to revitalize a neighborhood — without gentrification.” But before gracing the stage, the equitable housing developer had been rejected her first time applying to be a TED Fellow after making it to the second round.

Dec 23, 2022

Black Woman Claims People Are ‘Offering Half A Million Below Value’ For Her Inherited Home, Blames Gentrification

While going through the loss of her grandfather, it could have been very easy for Keisha Credit to fall into the multitude of traps that were designed to take her inherited multi-million dollar home. @kreatewithkeisha Reply to @athompz I’ll just say this… 🤌🏾💟 #Seattle #Gentrification 🏡 #HomeOwnership #Land #Property #Stories #blackgirlinseattle #SeattleNative #SeattleStories #centraldistrict #History ♬ original sound – Keisha Credit

Oct 7, 2022

'The Last Black Man In San Francisco' Trailer: Watch The Poetic First Visual For A24 Film On Gentrification And Friendship

A24 has released the very first trailer for The Last Black Man in San Francisco. From filmmaker Joe Talbot, the film stars newcomer Jimmie Fails and rapidly-rising star Jonathan Majors, who will topline Jordan Peele and Misha Green’s Lovecraft Country on HBO. The film is based on a short Talbot and Fails made in 2017, which is inspired based on true events in Fails’ life. He portrays a fictionalized version of himself in the film.  Tichina Arnold, Danny Glover, Mike Epps, Rob Morgan, Jamal Trulove, Finn Wittrock and Thora Birch also star. The genesis for The Last Black Man in San Francisco comes from Fails’ desire to retain his family home, which was built by his grandfather, against the backdrop of a rapidly-gentrifying San Francisco. Fails and his oddball best friend Montgomery, who both live in the city’s last black neighborhood, go on a search for a sense of belonging in a changing city that seems to no longer understand them. Our Sundance review of the film called it a...

Mar 22, 2019

How Colman Domingo Made Millions In Net Worth With Groundbreaking Projects On The Stage And Screen

If you’ve spent any time staring at a television or film screen in the past few years, you’ve likely encountered some of Colman Domingo’s handiwork. The 54-year-old Academy Award winner has graced the screen for such impressive projects as “Candyman,” “The Color Purple,” “Fear The Walking Dead,” and the HBO original series “Euphoria,” just to name a few. Earlier this year, he was listed among Time Magazine’s 100 most influential people in the world due to his powerful ethos, moving performances and commitment to creative excellence. Currently, fans are awaiting Domingo’s appearance in a myriad of upcoming works, including Netflix’s forthcoming outing “The Madness,” as well as next year’s Michael Jackson biopic . Needless to say, many fans are wondering just how much money Colman Domingo has stacked up over the course of his decades-long career. Luckily, we’ve got you covered, with a quick but comprehensive look at the revered actor’s financial portfolio, investment holdings and film...

Nov 26, 2024

Founder Pinky Cole Explains Why She Maintains Ownership Over 70% Of Slutty Vegan’s Real Estate

Pinky Cole had a vision when she first launched Slutty Vegan as a food truck in Atlanta, GA. That blueprint has since transformed Slutty Vegan into a lucrative restaurant worth $100 million. Cole recently explained the difference between a 70% and 30% portfolio and how she and her team have developed a strategy that works for them. “So, 70% of the Slutty Vegan businesses, I own the real estate,” Cole said in an “Earn Your Leisure” podcast clip shared to promote her appearance at the 2024 Invest Fest. “And the reason why I did that is because I wanted to go into inner-city communities, communities that developers aren’t so attracted to, and areas that are right in the heart of gentrification. What Slutty Vegan does is go into the neighborhood, raise up the value of that community, help other business owners, because we always have lines down the block. So, they win when we win, and we win when they win.”   View this post on Instagram   A post shared by Earn Your Leisure...

Jun 12, 2024

LeVelle Moton Went From Living In The Projects Of Raleigh, NC, To His Company Leading A $8.3M Affordable Housing Project

An affordable housing project is underway to preserve a Black neighborhood in Raleigh, NC. According to The News & Observer, LeVelle Moton, the North Carolina Central University head basketball coach, will lead an $8.3 million real estate project called Cottages of Idlewild through his company, Raleigh Raised Development, created alongside business partners with CJ Mann and Terrell Midgett. This project aims to support Idlewild, a primarily Black community that was one of Raleigh’s earliest neighborhoods where former slaves achieved homeownership. The outlet notes that as time went on, however, it became harder for the community to afford to live in the area due to gentrification. Cottages of Idlewild will consist of 18 affordable houses on 1.7 acres of city-owned property, backed by assistance from donors, including NC Realtors Housing Foundation, Wells Fargo Foundation, and the Coastal Credit Union Foundation. The venture holds greater significance to Moton because, per the...

Apr 3, 2024

How Lara Adekoya's Pandemic Hobby Bloomed Into A Brick-And-Mortar Bakery In A Historically Black LA Neighborhood

What started as a hobby during the pandemic quickly launched Lara Adekoya into entrepreneurship, selling cookies to consumers in Los Angeles, CA, including some of Hollywood’s hottest stars, including Issa Rae, Lena Waithe and others. Today, Adekoya is taking things one step further by launching her very first brick-and-mortar for Fleurs et Sel. “I’m really happy and I’m just ready,” Adekoya told AFROTECH™. “I feel like I’ve been ready to make this jump or transition for a while. As you know, it’s not something that’s happened overnight.” In a previous interview with Adekoya,  AFROTECH™ learned the backstory to how she launched her business, which has grown rapidly over roughly four years. Fast-forward to the present day, she says there wasn’t a specific incident that encouraged her to open a bakery, but it will be in a historically Black and brown neighborhood in Los Angeles. “I’m opening in West Adams, which is a historically Black and brown neighborhood in LA that has been...

Mar 22, 2024

What Is Tracy Morgan's Reported Net Worth In 2024?

Tracy Morgan is a well-known actor, comedian, and author known for his unique delivery and candid demeanor. The Brooklyn native has a career with significant milestones and highlights across stand-up, television and movies including stints on ‘Saturday Night Live’ (SNL) and a lead role in ’30 Rock’, and of course his stand-up comedy. While his acting and comedy are what he is most known for, his brush with fate when he was caught in a car accident with a Walmart shipping truck in 2014 put him even further in the spotlight. Morgan went on to make a full recovery and returned to acting as well as performing standup. With a career that spans nearly four decades and countless accolades, exactly how much is Tracy Morgan worth? Tracy Morgan’s Early Life Tracy Morgan was born in Brooklyn in 1969 and is the second of five children . He noted that he was often bullied at school. As is common with many comedians, his early life was often marked with tragedy. His parents separated when he was...

This Black Woman's Home Was Sold To A White Woman For Free Without Her Permission — 'It’s Almost Like A Death'

Tomeka Langford felt unseen, and rightfully so, as her home was swiftly taken away from her. Then, it was sold to a white woman for free. A writer who believed to be the homebuyer of what was Langford’s home detailed the story via The Guardian.

Oct 20, 2022

NBA Vet Udonis Haslem To Support POC-Owned Miami Businesses With $100K In Grants

It’s the best act of service when professional athletes support their teams’ cities. In partnership with FTX, Udonis Haslem is showing love to both his home team and hometown. The Miami Heat veteran’s foundation has joined the cryptocurrency exchange firm to provide two POC business owners with $50,000 grants, according to Miami Herald. The funding aims to help small minority-owned Miami businesses flourish while being subjected to the negative impact of gentrification in the city’s neighborhoods. “You’re bringing in bigger chains and the businesses that have survived in these communities for a long time have a different kind of competition,” said Haslem, according to Miami Herald. “They don’t have access to business plans and marketing and the financial backing (needed) to sustain in gentrified areas.” Being deeply in tune with Miami, it was far from a challenge to know the ways in which fellow natives need assistance. Being from the city and a longtime resident, the issues hit...

Apr 19, 2022

This Black Ownership Circle is Looking to Become the First Black-Owned NFL Ownership Group

The African American Sports & Entertainment Group (AASEG) — which was founded with a primary purpose to create economic equity within the Black community through sports — is on a mission to become the first Black-owned ownership group in the NFL to bring professional football back to its city of Oakland, CA. According to The Undefeated, the group has put in a bid on the Oakland Coliseum site with a plan to get a professional football team back in its hometown and make history in the process. The outlet reports that there are owners in the league that represent a total of 32 NFL teams — two that are people of color and none of which are Black. AASEG is hoping to change that and create a historical moment that will break the existing color barrier amongst the league, allowing Black people to have a piece of the pie too. “We feel like this is a Jackie Robinson moment,” Raymond “Ray” Bobbitt — the creator of AASEG and founder of an Oakland-based facility management and urban consulting...

Mar 31, 2021

How 8 Black-Owned Startups Made Their Voices Heard at AfroTech World Founders Showcase with Amazon Alexa Startups and The Alexa Fund

2020 has truly been the year of flexibility. When it comes to our AfroTech family, it’s meant learning to pivot to ensure the show indeed goes on. Each year, the Oakland-based event provides the opportunity for founders and employees at some of the nation’s fastest-growing tech startups to officially debut their companies and present their digital strategies for success. This year’s AfroTech conference culminated in a virtual avatar experience called AfroTech World and featured a two-day initiative called the AfroTech World Founders Showcase presented by the Amazon Alexa Fund. Designed as a means for seed-stage startups to pitch to and network with notable venture capitalists, incubators and angel investors — including Y Combinator, Founder Gym, Precursor Ventures and MaC Venture Capital among others — dialed in all week long at AfroTech World to scope out emerging change-makers. It’s an opportunity not often given to Black and Latinx startups, who received less than 3% of available...

Jan 26, 2021

Meet the Millennial Leveraging Entrepreneurship and Ownership Through His Brand, More Than A 9 To 5

Timothy Webb, Jr. started lifestyle brand — More Than A 9 To 5 —  to generate more conversations around Black people’s mindset surrounding financial literacy, ownership, gentrification, and beyond. However, Webb has managed to do more than just create conversations. The 30-year-old is now actually taking problems like gentrification into his own hands through the real estate industry all while still working his day job. Outside of being in constant relationship with others, as someone who’s well-versed in the tech space, working for companies like GE and currently a company that supports cybersecurity for the federal government, he also uses his technology background to run his business. Whether it’s securing rental payments for his property through their electronic web portal or building his own website for his company, More Than A 9 To 5, Webb is equipped with the knowledge to keep things running both at the forefront and in background. “I think so many people hide behind a title...

Nov 27, 2020

These 10 Innovative Black Women Are Bringing Sneaker Culture to the Digital World

Sneaker culture has become a widespread phenomenon in the digital age that was brought to life via the internet. Sneakerheads have existed long before digital media became popularized, but platforms such as Instagram, Tumblr, and others gave them a place to thrive and connect. Though sneaker culture continues to grow and expand through different avenues, one thing remains unchanged — women, especially Black women, are still fighting their way into the “boys club.” “I’ve noticed that Black women, rather than waiting for major corporations to co-sign them, are actually creating their own spaces, platforms and events,” shared Robyn Mowatt — former sneaker columnist/ associate editor at HYPEBAE and current OkayPlayer staff writer. “This means that they’re taking control of their narratives and also making space for the next generation of young women to have ownership of streetwear/sneaker culture on their own terms,” she added. No longer needing approval from the industry’s gatekeepers,...

Oct 12, 2020