I\u2019m starting this lil\u2019 talk about How to Kill a City.
Now, from the jump, the author stated, \u201c…poorer cities such as […] Detroit, where gentrification and tourism are some of the only economic engines keeping the cities from bankruptcy. Our cities\u2019 economies are sick\u201d. And it was a hard pill to swallow: the city is drowning, with and without gentrification. People who are already on boats (or on financial stability) are collecting life-jackets (like tax breaks and non-shark bait loans) while all else is simply left to fend for themselves.
Out of necessity, people come up with amazing things. I\u2019ve learned about the thousands of urban farmers in Detroit who grow their own food through my time at the Detroit Food Academy, and visiting Eastern Market. Necessity has created a lot of awesome urban entrepreneurship, like the kind ProsperUs and Ataia support. But still, entrepreneurs of color are definitely not getting their fair treatment within the industry. The author of How to Kill a City quotes O.C. Haley, who says, \u201cThe government\u2019s job is to leverage the market.\u201d Well, I\u2019d say the demographic that\u2019s serviced in the market is entirely too disproportionate.
Since big businesses are essentially acting as our government, TCF bank just made a 1 billion dollar investment in black businesses in Detroit. That\u2019s \/great\/. Still, according to Google, TCF makes about $1.3 billion a year (probably much more), and has been around for 98 years. That\u2019s way more than what they\u2019re giving back. It is a start though, I only hope more businesses follow in their footsteps.
How to Kill a City also suggests that geography is equal to politics, and politics is equal to money and money is equal to business. So, I just hope with geography, politics, money and business being equal that my peers will become more knowledgeable, humble, and empathetic than the politicians today that Josie informed us about from her attendance at the Detroit Policy Conference.
I appreciate all of the information I\u2019ve learned through my fellows. I\u2019m looking forward to seeing how you\u2019ll change people’s lives.
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