The Greenwood Plan has successfully acquired the historic Pitt Building in downtown Pittsburgh for $4 million, aiming to ignite black businesses.
Khamil Bailey, the executive director of The Greenwood Plan, envisions the Pitt Building as a thriving hub for Black businesses, creatives, and gig workers. Speaking to The New Pittsburgh Courier, Bailey outlined the organization’s ambitious plans, stating, “We want this to be a Black business incubator…give Black businesses the opportunity to operate in downtown storefronts where they may not have otherwise been able to do so because the terms are not normally favorable.”
Central to The Greenwood Plan’s strategy is programming and rent subsidies, providing a supportive environment for Black entrepreneurs to establish themselves in downtown Pittsburgh. According to the outlet, Bailey emphasized the importance of creating favorable conditions for businesses, enabling them to benefit from the downtown traffic.
A significant focus of the initiative is to attract Black chefs and restaurateurs who are passionate about delivering high-quality dining experiences. Bailey highlighted a major goal: “We want a Black, four-star dining experience to be a part of this building.” This commitment aligns with the broader mission of creating a vibrant and diverse ecosystem within the Pitt Building.
In articulating the vision for the Pitt Building, Bailey expressed the desire to revive the legacy of Black businesses in downtown Pittsburgh. He stated, “We want to bring that back, remind people that we (African Americans) are a part of a thriving economy just as anybody else, not just as consumers but as wealth-builders.”
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Source: Black Enterprise