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 […]
From Next City: Durham, N.C., was once known nationally for its “Black Wall Street,” a cluster of flourishing black-owned financial institutions and businesses that sprang up around Parrish Street during the Jim Crow era, including some iconic insurance and finance firms such as Mechanics and Farmers Bank and North Carolina Mutual Life Insurance Company. With […]
From Bull City Today: Find out how #Durham is continuing to find new ways to support the retention & expansion of local small, minority & women-owned businesses through an @leagueofcities, @Institute_coop & @USFWC SEED Fellowship on #BullCityToday. pic.twitter.com/01MhKTEk5o — CityofDurhamNC (@CityofDurhamNC) November 16, 2018
From the City of Durham: DURHAM, N.C. – Thanks to the City of Durham’s inclusion in a recent fellowship, long-standing Durham minority business owners can soon expect outreach for help with succession planning and employeeownership options. Durham is one of four cities recently selected to participate in the Shared Equity in Economic Development (SEED) Fellowship, […]
From the National League of Cities: Income and wealth inequality, exploitative working conditions and displacement are critical issues faced by communities across the country. These challenges require strategies that create both stable employment and access to opportunities for building assets. Local governments have traditionally invested in the dual pathways of entrepreneurship and workforce development to […]
From Fast Company: If you work at a textile or furniture factory in Western North Carolina, you probably don’t belong to a union; the region usually ranks as the least unionized part of the United States. But a growing number of companies in the area, which includes the city of Asheville and smaller Appalachian towns, […]
From the Asheville Citizen Times (pdf): In Western North Carolina the 12,000 retiring small business owners (nearly half of the total according to our latest study) do have options. For example, they could sell their businesses to outside corporations looking to acquire more diverse assets for their portfolios. This often means layoffs, relocation, changes in […]
From Mountain Xpress: The imminent mass retirement of baby boomers has both economic advisers and worker advocates worried about the future of small businesses in Western North Carolina and beyond. Boomers, many of whom will retire within the next decade, own roughly half of all American businesses, census data shows. This looming “silver tsunami” is […]