Trader Joe's Drops Plans For Northeast Portland Store

By Jim McCoy Mon 3rd February NewsTrader Joe's
Trader Joe's has dropped plans to open a grocery store in northeast Portland after critics said it would promote gentrification, displacing neighborhood residents and perpetuating income inequality. The Oregonian reported (http://bit.ly/1fTLtfy) that a statement released Monday said Trader Joe's has a simple approach, as the statement put it: "If a neighborhood does not want a Trader Joe's, we understand, and we won't open the store in question." The Portland Development Commission had offered the grocery company a $2.4 million incentive to open the store. Critics said it was in the middle of the city's historically black community, and in one of the most rapidly gentrifying ZIP codes in the nation.

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