Stonecrest, Georgia will welcome the New Black Wall Street Market on Labor Day. The venue will feature about 60 black-owned businesses, food, art, and entertainment for the community. The project will be led by the Allen Entrepreneurial Institute.
Project leader for the New Black Wall Street Market, Matthew Hampton, has stated that this development will succeed due to the immense diversity of the Stonecrest area. "We feel like this is a destination development," he said. "From a market perspective, Stonecrest is a great place for this to happen, cause it's 95% black...Stonecrest is strategically located. You don't have this much contiguous land 30 minutes from downtown, 20 minutes from the airport based on traffic. To have this much land that you can amass and put together is a rare find."
The architectural style of the development is meant to resemble that of the original Black Wall Street, with some halls being named after successful black entrepreneurs, such as A.G. Gaston and Madam C.J. Walker. The process of selecting businesses to feature will begin at the middle of July and opportunities will also be available for startups.
The New Black Wall Street hosted two pop-up events this summer in preparation for their official grand opening this September.