Pitt Building Now Black-Owned, Ignitiing Black Businesses

by Rafael Pena January 25, 2024 The Greenwood Plan has successfully acquired the historic Pitt Building in downtown Pittsburgh for $4 million, aiming to ignite black businesses. In a significant stride toward revitalizing economic opportunities for Black entrepreneurs, The Greenwood Plan, a nonprofit organization inspired by the legacy of Tulsa’s “Black Wall Street,” has successfully acquired the historic Pitt Building in downtown Pittsburgh for $4 million, according to AfroTech. The acquisition, finalized on Dec. 21, 2023, marks a pivotal moment for Black creatives and professionals in the city. 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...