Washington, D.C., one of the blackest cities in America, has been experiencing an economic renaissance for nearly two decades — but that renaissance is considered nothing more than gentrification by longtime residents. According to the D.C. Chamber of Commerce’s State of the Business Report, “whiter and richer” families are increasingly displacing low- and middle-income families. There was a problem processing your signup; please try again later FacebookTwitterYoutubeSnapchatFlipboardCLOSE“With this economic boom, the tax base in Washington, D.C., has grown, but so has racial inequality,” Hyra told HuffPost. “There’s a study by the Urban Institute that shows that white household wealth is 81 times that of black family wealth. Black business owners weren’t seeing themselves represented in this vibrant area, prompting some entrepreneurs to plant roots in the neighborhood to try and attract black customers.

Source: Huffington Post January 11, 2019 23:37 UTC