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Category: Doing Business

Jackson Ward was known in the early 20th century as “Black Wall Street,” a place where African-American businesses thrived. Led by entrepreneurs such as Maggie Walker and John Mitchell Jr., Jackson Ward functioned as its own economy, mostly removed from the rest of Richmond. Yet in the 1960s Jackson Ward began a steady, decades-long decline as businesses closed down and homes were boarded up. Today Jackson Ward is considered one of Richmond’s up-and-coming neighborhoods. Rents are rising as new businesses open and newcomers, many of them white, bring new wealth and gentrification to the area. As Jackson Ward’s economy improves, the effects on the community are still to be seen.