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PBS News Hour - Segments

A look inside a D.C. retail village helping Black businesses rebound from the pandemic

PBS News Hour - Segments

PBS NewsHour

Daily News, News

4.11K Ratings

🗓️ 2 June 2024

⏱️ 4 minutes

🧾️ Download transcript

Summary

Four years ago, Black-owned businesses were among the hardest hit by pandemic disruptions. Many have rebounded, and in one retail space in Washington, D.C., supporting local Black entrepreneurs has been a key mission. From PBS NewsHour's Student Reporting Labs, Morgan Hawkins reports. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders

Transcript

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0:00.0

Four years ago black-owned businesses were among the hardest hit by the disruption of the pandemic.

0:06.0

Many of them have rebounded and in one retail space in Washington, D.C.

0:11.0

supporting local black entrepreneurs

0:13.4

has been a key mission.

0:15.3

From the Newstower Student Reporting Lab's

0:17.2

Journalism Training Program,

0:19.0

Morgan Hawkins has our story.

0:22.0

We are a tribe here like a black Wall Street tribe.

0:26.2

Sycamore Oak in Washington DC is a retail village showcasing 12 black-owned businesses ranging from a food market and art boutique to a gym.

0:36.0

It also serves as a community space that supports black entrepreneurs through training and mentorship.

0:43.4

Sycamore and Oak has been an incredible resource for myself and for my business.

0:50.3

Coming in here as a small business, it has been an incubator space where we learn all the

0:54.9

professional things.

0:56.4

This retail village opened in June of 2023, one of many black-owned businesses

1:01.3

to open in the past few years.

1:03.7

According to the census annual business survey,

1:06.7

the number of majority black-owned businesses

1:09.0

has grown by nearly 30% since 2017, but Black Entrepreneurs still faces struggles, according to Bridget Weston, the CEO

1:17.8

of SCORE, a non-profit free mentor and educator for small businesses.

1:23.1

From what I can see in my role

1:24.9

and in talking with black entrepreneurs

1:26.6

across the country, unfortunately,

...

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