Former NBA basketball star and business mogul Earvin “Magic” Johnson has made it his mission to make an impact in underserved communities. According to the Baltimore Sun, Johnson reportedly has his sights set on revitalizing neighborhoods in Baltimore.
Johnson recently met with the city’s mayor Catherine Pugh to explore ways that he can make long-term investments in the city, the news outlet writes. He wants to bring some of his franchises to Baltimore in efforts to create more employment opportunities and contribute to Black economic growth in the area. Amongst some of the potential projects discussed was the addition of one of his movie theaters at the Mondawmin Mall and the revamping of the Perkins Home housing development.
“We bring a retail and a housing option, which we call mix-use. That really jump-starts the redevelopment of urban corridors. And then others will come in, big boxes and others, will come in and invest in the city,” he said in a statement according to the news outlet. “It’s hard to turn Mayor Pugh down, she’s doing a wonderful job of improving developers like myself and other to invest in Baltimore. She has a fantastic plan for the city.”
Johnson is slated to go back to Baltimore to learn more about the city and continue conversations surrounding redevelopment.
For decades, Johnson has used his investment firm Magic Johnson Enterprises to foster growth and development in urban communities. In the past, he’s invested in communities that include Harlem and Brooklyn. Magic Johnson Enterprises is reportedly worth nearly $1 billion.
Jay-Z Could Help Black Business Owners With Newest Investment Firm
This Entrepreneur Is The First Black Woman To Own An Indoor Rock Climbing Gym In The U.S.
Today’s Freedom Fighters
Anti-DEI Bill Would 'Prohibit' Black Fraternities And Sororities In Florida, Lawmaker Worries
Jonathan Majors Video Evidence, 'Woman Recanting' Assault Claim Will Clear Actor Of Charges, Lawyer Says
'Get Out Of The Country': Video Shows Black Man Kicked Out Of School CRT Meeting As 'Racist Woman' Stays
Thanks, Ron DeSantis: Florida School District Pulls 'Ruby Bridges' Movie After 1 White Parent Complains
Graphic Videos Showing Tekashi 6ix9ine Being Brutally Beaten In Florida Gym Go Viral
University Of Kentucky 'Karen' Pleads Not Guilty To Racist Attack On Black Student Despite Video Evidence
NAACP Opposes Cash Reparations To Descendants Of Enslaved People In San Francisco