What is the Problem With Harlem Businesses?

Posted on January 26, 2007 by


A recent headline in The Liberator Magazine proclaimed, “Harlem Businesses Failing.” It was in response to a December 21, 2006 article that appeared in the Amsterdam News . The Amsterdam article opens with,

The phrase “Closing Out Sale” is becoming all too familiar on Harlem’s 125th street. The place known to the world as the international business Mecca for people of African decent now faces the threat of being swallowed by the upshot of gentrification.

One of the problems cited in the article is the number of ethnically diverse customers being driven out of Harlem due to rising rents.

324.jpgOther issues contributing to the loss of businesses on 125th Street include “the influx of large corporate entities” and raised rents for commercial space. The ever shrinking population of street vendors believe that large chain businesses like Old Navy, Verizon, Footlocker and M.A.C. are extracting wealth from the community.

In a survey of UPTOWNflavor readers, 58.7% of respondents said that they that sometimes frequent new businesses in Harlem, while 38.7% said that they often frequent them. Of all the respondents only 4% said that they shop in Harlem most of the time.

Although the City of New York is focusing on providing luxury living and promoting tourism in Harlem, one important aspect is being neglected; The redevelopment of existing businesses. Unfortunately many new Harlem residents still spend their dollars either downtown or in surrounding communities.

What do you is think the primary problem with Harlem business? Share your thoughts in the comment section.

Note: Shop Harlem is a logo of the Harlem Business Alliance

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Posted in: Business/Finance