Wake up everybody! music mogul Kenneth Gamble is leading the charge to clean up the Ghetto - Reviving Communities
Black Enterprise, Dec, 2002 by Alan Hughes
"Wake up everybody no more sleeping in bed No more backward thinking time for thinking ahead The world has changed so very much From what it used to be There is so much hatred, war, and poverty"
--"Wake up Everybody" (Harold Melvin & The Blue Notes, The Philly Sound, Volume 3)
IN SOUTH PHILADELPHIA, ROWS OF DILAPIDATED HUSKS HAUNT THIS ONCE-THRIVING COMMUNITY.
The skeletal structures, remnants of homes long since abandoned, are as numerous as the boarded-up storefronts, each symbols of entrepreneurial dreams unattained--another indication of a collapsed local economy no longer capable of supporting such ventures.
But on a hot summer morning, as the thermometer flirts with the 100-degree mark there are signs of improvement amid the blight. On street corners where drug dealing and prostitution once flourished, there are now well-lit residential neighborhoods. Construction sites boast signs advertising new housing, schools, and retail locations--all with the ubiquitous Universal Cos. logo. On 18th and Christian streets a convenience store with an ATM is open for business in an area where just months prior there was none. And although it's summer, class is in session at the newly renovated Universal Institute Charter School, where children clad in plaid uniforms flood hallways decorated with images of prominent African Americans.
These are among the fruits of the Herculean labors pioneered by music-legend-turned-philanthropist Kenneth Gamble. The two-time Grammy Award winner, who along with Leon Huff, penned hits such as "Love Train," "Me and Mrs. Jones," and "If You Don't Know Me By Now," has assumed a role as urban redeveloper.
Since 1963 the songwriting and producing team of Gamble and Huff has earned 175 gold and platinum records and created what was known as "The Sound of Philadelphia," a style of music that dominated the pop and R&B charts for two decades.
These days, Gamble, 59, is also known as founder and chairman of the nonprofit Universal Cos., the umbrella company comprised of a slew of real estate development, educational, and retail operations. In this post, Gamble is helping to redevelop his native South Philadelphia and is constructing a how-to model for urban redevelopment he hopes communities across the nation will adopt. From education and affordable housing to promoting entrepreneurship and creating jobs, Universal Cos. is looking to effect social change in these communities through economic and educational improvement, one neighborhood at a time.
The company, which employs 180 people and grossed $15 million last year--75% of which came from government grants and private sector donations, with the remaining 25% coming from earned income--is on a mission to redevelop three neighborhoods within South Philadelphia: the 15-square-block area of Hawthorne, 40 blocks that constitute Southwest Central, and 72 square blocks that make up Point Breeze. Launched with $6 million to $7 million of Gamble's own money, the company's assets now include:
* Universal Real Estate Development Co., which has a portfolio valued at $14 million. Its assets consist of 250 developed residential properties, an additional 300 units under construction, and approximately 250,000 square feet of commercial space. Some 450 people currently reside in housing provided by Universal Cos.
* Universal Business Support Center, designed to foster business development within South Central Philadelphia. Some 40 businesses are enrolled in the center.
* Universal Retail Cos., which operates two convenience stores, a barbershop, and several other locations under construction in South Central Philadelphia.
* Universal Construction Co., the firm that manages the construction and contracting for the parent company.
* Universal Education Management Co., which manages the Universal Institute Charter School in addition to three South Philadelphia public schools, totaling 2,500 students.
* Universal Capital Investment Fund, a community development financial institution (CDFI) that has raised $300,000 to provide small loans and equity investment to businesses associated with the business support center. Universal hopes to expand the fund to $1 million over the next year.
The company's operations also include a technology center to teach area residents about the benefits of technology, as well as a medical center, a housing facility for abused women, and a drug and alcohol program. All of these programs and businesses have a common theme. They address issues that cause, or are the result of, a shattered local economy. "It's not enough to deal with the symptoms," says Abdur-Rahim Islam, president and CEO of Universal. "We have to deal with the root cause--education and economics. Too long we've been saying we should do this and do that, but where's the model? So we're working on developing the model and hope it can be replicated."
The first step in the Universal plan was to map out the area in which its redevelopment efforts would focus and conduct detailed studies. "We marked off an area of territory that's maybe 14 to 15 blocks," explains Gamble, who says in that area there are close to 100,000 people, 98,000 of whom are African American. "The businesses total maybe 1,500 to 2,000, and about one-half of 1% are owned by African Americans. These are the areas where Universal is concentrating."
Most Recent Business Articles
- How do I determine my retainer fee?
- Why fly solo when an executive assistant can accelerate your CLNC® business?
- The CLNC® mentors held the key to my first case and to my CLNC® success
- Atlanta CLNC® 6-day certification seminar photo galleryplus sign up today for spring 2009 to save $100.00
- Speak to a full-time practicing CLNC® consultant
Most Recent Business Publications
Most Popular Business Articles
- Using object-oriented analysis and design over traditional structured analysis and design
- Big Fish Games Migrates Upstream to Fisher Plaza; High Growth Online Gaming Firm Vaults Fisher Plaza Occupancy Rate Above 90%
- Top of the line: some of the world's most well-respected doctors practice in South Florida. A guide to choosing the best physician specialists - Top Doctors in South Florida
- Sand filter basics: high-rate sand filters can be confusing for those new to the business. Understanding valve modes is the key
- BEHR Paints Introduces a Colorful New Way to Paint and Prime All in One with BEHR Premium Plus Ultra™ Interior
Most Popular Business Publications
Content provided in partnership with http://findarticles.com/source//

