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Challenge Insight Panel
August 16, 2016 @ 6:30 pm - 9:00 pm
A ton of money is being made in gentrifying areas, but current residents & businesses rarely capitalize on the economic opportunities. Learn how you can help solve this challenge.
As we’re preparing to launch our social impact incubator focused on producing tech startups dedicated to creating economically inclusive gentrified areas, we’ve partnered with General Assembly for this enlightening panel to provide insight into this challenge.
Gentrification is a general term for the arrival of wealthier people in an existing urban district, a related increase in rents and property values, and changes in the district’s character and culture. It is a sign of economic growth. As money begins to flow into a neighborhood, many aspects of everyday life are changed for the better. Buildings and parks are renovated and beautified. Jobs arrive with the increased construction activity and new retail and service businesses. Crime rates decline. As the property tax base increases, so does funding to local public schools. There are many things to applaud about the power of gentrification.
Atlanta is #1 in income inequality and the 5th-most gentrified city in America, but unfortunately, the benefits of these changes are often enjoyed disproportionately by the new arrivals, while the established residents and businesses find themselves left out of the economic picture with billions of dollars at stake. And this scenario is playing out all over this country at a rapid rate.
But we’re doing something about it, and this event is major part of our roadmap toward creating economically inclusive gentrified areas. During this amazing panel discussion + mixer, learn the types of people impacted by gentrification, the types of organizations involved, key insights and trends into the issue as well as obstacles to creating financially inclusive gentrified areas. More importantly, learn how you can play a role in connecting 500,000 people who live, work, or invest in areas affected by gentrification to nearby emerging economic opportunities.