NewsNorth Carolina

Durham Considers Employee Ownership as Strategy to Preserve Black Businesses

Read the full article at Nonprofit Quarterly:

As Sandra Larson writes in Next City, Durham, North Carolina was once home to many “Black-owned financial institutions and businesses that sprang up around Parrish Street during the Jim Crow era.” This included firms such as Mechanics and Farmers Bank and North Carolina Mutual Life Insurance Company. But, as in many cities, highway construction in the 1960s led to the Black business district’s demise.