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Abstract
Gentrification changes the landscape and the cultural makeup of a city by increasing property values and changing consumption patterns. Since the late 1980s, gentrification has challenged the residential and small business community of Harlem, New York. Guided by the rent gap theory and the consumption-side theory, the purpose of this case study was to explore how small business leaders can compete with demographical changes brought by gentrification. A purposive sample of 20 Harlem small business owners operating during the city’s gentrification participated in interviews. Interview interpretations were triangulated with government documents and periodicals to bolster the trustworthiness of the final report. These findings may contribute to positive social change by informing the strategies employed by small business owners who are currently facing gentrification.
Highlights
Introduction and BackgroundGentrification is a social and economic process where individual homeowners and renters and private capital reinvest in fiscally abandoned neighborhoods (Perez, 2004)
The primary research question was as follows: How can small business leaders adapt with demographical changes brought by gentrification? The findings of the investigation revealed the redevelopment of a community caused by gentrification affected how small business owners operated their businesses
The participants’ responses illustrated how gentrification changes the landscape of the community impacts the residents and small business owners of the gentrifying community
Summary
Gentrification is a social and economic process where individual homeowners and renters and private capital (real estate firms, developers) reinvest in fiscally abandoned neighborhoods (Perez, 2004). Gentrification has had a strong impact on many cities around the globe (Lees, Slater, & Wyly, 2008). When a city undergoes gentrification, changes in the demographic landscape of the city and economic changes take place (Lees et al, 2008). The reinvestment in fiscally abandoned neighborhoods occurs through housing rehabilitation, loft conversions, and the construction of new housing stock (Perez, 2004). Gentrification changes the demographics of many cities in the United States and around the world (Lees et al, 2008). Low-income communities that were previously subject to gentrification are suffering. The results of gentrification include rises in residential density and population rises in demand for retail facilities, rises in median family income, increases in disposable income, and a rise in property values (Austin Revitalization Authority, 2005)
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