Market8 Group: ‘Understands Dynamics of African-American Community’


Today Market8, one of the five remaining contenders for Philadelphia’s casino license, announced new endorsements for its project: those of the Philadelphia NAACP; the Urban League of Philadelphia (ULP); the Urban Affairs Coalition (UAC); and the African-American Chamber of Commerce of Pennsylvania, New Jersey and Delaware.

The endorsements shouldn’t be too much of a surprise, at least coming from ULP and UAC, with whom Market8 worked to create an inclusion strategy to benefit members of the community who are not generally included in the success of such ventures.

The NAACP’s Jerry Mondesire was impressed by the plan: “I don’t know of any other organization doing a major project that has put this much thought into its inclusion plan,” he said, explaining his organization’s endorsement.

There are six minority members of the 12-member Market8 investment group, which is significant, said African-American Chamber Board Chairman Steven Scott Bradley:

“These are people who understand the dynamics of the African-American community, who have created opportunities for minorities and who have run businesses and built wealth. Their priorities are reflected in this project’s inclusion approach and we are confident in MARKET8’s ability to deliver for our community.”

What does this inclusion strategy look like? Just some of the minority-related features include:

• A hotel that will be minority-owned and operated;
• Policies and procedures of construction and operations phases that open things up to businesses owned by minorities and women.
• 40-45% minority, women-owned and disadvantaged business enterprise contracts for construction
• 40-45% minority/women/disadvantaged workforce (a subset of these would be veterans and/or may be formerly incarcerated people) for construction
• 24% MWDBE contracts for operations
• 45% minority/women/disadvantaged/disabled (a subset of these would be veterans and/or may be formerly incarcerated people) for operations

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  • MystiKasT

    Right, because blacks, the group with the highest crime and the least amount of money to put into a casino, the group who has run Philadelphia into the ground, who often can’t be trusted to tend a grocery till, should be the deciding factor of which one philly gives the O.K. to. Nutter is as racist as they come. You should see how he treats the white string bands in the mummer’s parade; he treats us horribly. But if you’re black? He’ll wipe your behind for you!!

    • Liz Spikol

      I wonder why the Mummers have a reputation for a bias against African-Americans.

  • Jim

    This casino is just a bad idea all across the board. This city does not need a casino at 8th and market, there is enough fucking traffic in and around that area.

    It is also known that casinos bring crime, so genius idea hiring formerly incarcerated people for operations. Its like giving a kid the key to the candy store.