Who Owns Our Neighborhoods? The Capital That Changed Everything
Independent neighborhood businesses didn’t lose to competition — they lost the race for capital. In part three of Black Vanguard Media’s “Who Owns Our Neighborhoods?” series, strategist and civic entrepreneur Jerry Primm traces how national chains’ access to cheaper financing and better borrowing terms let them out-expand local ownership, not out-compete it.
Primm isn’t arguing outside investment is the enemy — it created jobs and filled real gaps. His case is that a neighborhood that never builds its own locally-controlled capital and institutions has no backstop when a corporation decides to leave. He points to a recent Walgreens closure in Cleveland as exactly that warning sign.
Read the full piece at Black Vanguard Media →
Originally published by Black Vanguard Media. Written by Jerry Primm.
REAL POWER.TV
The Story Runs Here First.
Cleveland’s Black digital newsprint. Who holds power here, who is losing it, and what the moves mean before anybody gets around to explaining them to you. Free, straight to your inbox.
