Movin' On Up
Neighborhood renewals open new doors for entrepreneurs.
Trina Sheridan cried when her husband-to-be, Sean, bought a building in a decayed neighborhood north of downtown Chicago with plans to open a business. "I was very depressed," says Sheridan, 41, recalling the gangs, graffiti and crumbling storefronts around the two-story retail and living space. That was in 1998. By 2002, the Andersonville neighborhood was experiencing a renaissance, and the Sheridans opened a cookware store there.
Today, the Sheridans preside over a healthy business with four employees and six-figure sales growing 10 percent annually. An increasing number of new businesses are moving into the reviving neighborhood. "There used to be a lot of vacant stores and businesses that people didn't take care of," Trina says. "And they're all gone."
Continue reading this article - and everything on Entrepreneur!
We make some of our best content available to Entrepreneur subscribers only. Become a subscriber for just $5 to get an ad-free experience, exclusive access to premium content like this, and unlock special discounts.
Entrepreneur Editors' Picks
Kale Was a Garnish Before This Creative Genius Made It Famous. Here's How She Did It — and What She's Planning Next.
Telling Your Brand Story Is Crucial. 4 Steps to Ensure That It Resonates.
This Baker Was Told Not to Speak Spanish With Colleagues, So She Started Her Own Cake Company That Values Employees Just as Much as Customers
Improving Yourself Takes 9.6 Minutes of Work Each Day
Meet the Women Behind Some of McDonald's Most Iconic (and Essential) Ingredients — and How They're Setting New Standards
Remote Work Shouldn't Be Up for Debate
Employees Are Over Foosball Tables and Free Snacks. Your Company Culture Needs This Instead.