Gentrification in Berkeley & Oakland: What It Means for Small Businesses and Communities
In recent years, gentrification in the Bay Area has surged, leading to the closure of many small, locally owned businesses. As wealthier residents move in, these once-thriving businesses struggle to keep up with rising costs and shifting demographics. Businesses owned by large corporations with deeper pockets often take over, altering not only the business landscape but also the cultural identity of these neighborhoods. This displacement raises concerns about economic equity and long-term community sustainability.
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