Philadelphia hosts World Cup 2026 – 5 opportunities for Black businesses

Philadelphia has been selected as one of the host cities for the 2026 FIFA World Cup, which presents a great opportunity for black-owned businesses. With an estimated 5 million visitors expected to descend on Philadelphia during the tournament, there will be a huge demand for goods and services. Black-owned businesses that are able to tap into this demand could reap significant rewards. | From: Fun Times (Read more.)

Civic and Community Engagement

‘It’s a start’: City Council cuts Philly’s wage and business tax rates in a win for diverse chambers of commerce

Philadelphia ranks among the nation’s highest for wage taxes, and double-taxes its enterprises through the business income and receipts tax — the only major U.S city to do so. Employers and employees who choose to locate just outside of Philadelphia city limits often cite the two taxes as major reasons. | From: The Inquirer (Read more.)

Income and Wages

How to eliminate racial disparities made worse by Covid-19

Akron and Cincinnati, Ohio and Philadelphia are using the purchase of land, housing and commercial properties as a means of countering the rise in parasitic capital as well as setting the stage for scaled homeownership and corridor initiatives. These efforts follow the maxim of Della Clark, president of The Enterprise Center in Philadelphia: “If you don’t have site control, you just have an opinion.” Significantly, new ideas around community equity corporations, districts and shares are emerging that, if structured and implemented well, could enable residents to benefit from economic revitalization of their communities. | From: The Philadelphia Citizen (Read more.)