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Investment Climate <br /> Business Trends: Blacks being displaced. Black-owned <br /> businesses declining whereas they were once <br /> thriving. <br /> Retail: 25% <br /> Resident Consumer Spending: Leakage <br /> Business Expansion: Non-Americans moving in. Blacks <br /> handicapped. Retail and commercial space to <br /> be premium. <br /> Real Estate: Limited large tracts of land exist, greatly <br /> limited development possibilities. Small <br /> groups own most of the real estate. <br /> Employment -- <br /> Types of Jobs: Professional/Specialty occupations 26% <br /> Administration Support 12% <br /> Service: 17% <br /> Levels: Employment in Labor Force 56% <br /> Unemployment11.6% <br /> Housing <br /> Type: 1058 single-family housing units. <br /> 48% two- and one-bedroom rental units. <br /> Development Trends: Cost is too high due to student de- <br /> nand. <br /> Availability/Affordability: Lack of affordable housing. <br /> Vacancy Rate: Low. <br /> Energy Availability: Good <br /> Water - Public <br /> Heating Gas -51% <br /> Electric - 28% <br /> Sewage - Public <br /> Analysis <br /> Student population gives distorted view of community <br /> economy. <br /> Blacks are disproportionately undereducated and unem- <br /> ployed. Money is not being spent in the targeted area. Black <br /> business ownership is declining. <br />