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Economics

Urban Gentrification and Displacement of Minority-Owned Businesses

Quick fact

A study of Portland, Oregon found that between 2000 and 2010, the number of minority-owned businesses in gentrifying neighborhoods declined by 40%, while non-minority-owned businesses increased by 10%.

Why this is interesting

Imagine your favorite neighborhood bookstore suddenly replaced by a luxury café. Why do long-standing local businesses disappear when a city 'improves'?