Chinatown is known for its small family owned businesses, independent shops and a few scattered corporate owned franchises.
It is only recently that large corporate companies, such as Wal-Mart, Bank Of America, Citibank – to name a few – started entering into the community to provide their services to the people.
To be clear, I don’t have anything against large corporate companies.
However their presence in a fully independent business oriented community does create a challenge for local businesses to compete in the marketplace.
And I would definitely hate to see some local businesses in a situation where they either have to conform with a buyout or simply fall out of existence.
Speaking of a new possibility, the Chinatown’s plaza, the one that’s going to open right next to the Gold line station, is going to present a very interesting opportunity for the businesses that are going to occupy in that space. And of course it will challenge the current local independent businesses in town.
And in the present time, Chinatown is merging as a hybrid community where corporate is starting to grow, and independent businesses are still strong, perhaps things will balance each other out, but we’ll have to see what happens.
Next Update Post On Thurs., Oct.