Marketplace, April 5th, 2019: My Economy: Starting a small business in Echo Park
Gentrification is a common story in many urban areas: Businesses move into a neighborhood, property values go up, and things start to get more expensive for the people who lived in the neighborhood to begin with. According to a study from the National Community Reinvestment Coalition, gentrification has historically happened at a much faster rate in the country’s largest cities — Los Angeles included. Maurice Harris, the owner of Bloom & Plume Coffee, started his business in response to some of the changes he was seeing in his Los Angeles neighborhood. Harris tells the story of how he tried to get his new cafe up and running.
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