But in Detroit, where 78 percent of the population is Black, there hasn't been a Black-owned grocery store since 2014 . Wright, an established local entrepreneur , knew that in order for Neighborhood Grocery to survive the difficult market in Detroit, community buy-in would be essential. "The crowd-funding angle came out of necessity originally, because grocery stores are not the sexiest investment for banks or large investors. study by the Detroit Economic Growth Corporation showed strong local economies are in many ways anchored by grocery stores, as grocery stores often draw new business. After Walker opened his grocery store in 2004, a Wendy's and Family Dollar soon popped up nearby.

Source: CNN April 02, 2021 16:59 UTC