THE GATHERING SPOT (TGS) ATLANTA IS A BLACK – OWNED NETWORKING COLLECTIVE THAT IS HOUSED IN THE NORTH YARDS BUSINESS PARK. ONCE KNOWN AS THE SOUTHERN RAILWAY NORTH AVENUE YARDS, THIS SITE IS NOW A HISTORICAL RAILROAD LANDMARK.
The Black dollar is worth almost 1.6 trillion dollars, however we don’t see most of that money circulating through businesses within our community. This month TGS is challenging our community to spend as much as possible with their favorite businesses. #BlackSummerSpend
Two of Atlanta’s most powerful and newest Black brands — digital banking platform Greenwood and The Gathering Spot — are now one.
Greenwood is buying the popular networking hub and workspace frequented by young Black professionals and the entertainment and creative elite.
Greenwood’s founders include Michael Render, more commonly known as rapper Killer Mike, and former Atlanta Mayor Andrew Young. The company, named after the Black Tulsa community that white racists destroyed in 1921, was founded in 2020. It reports more than $40 million in assets and more than 30,000 account holders.
The Gathering Spot, which offers spaces for Black professionals to work, meet and socialize, opened in Midtown in 2016. Since then, the company has opened physical spaces in Washington, D.C. and Los Angeles, while creating communities in New York, Chicago, Detroit, Houston and Charlotte. About 4,000 of its 12,000 paying members — whose memberships run from $100 to $250 a month — are in Atlanta.
“Technically this deal is an acquisition, but strategically, this is a partnership to bridge the racial wealth gap,” said Ryan Glover, a Greenwood founder. “Both brands joined forces to provide access to capital, wealth-building, business networking and community engagement to a million people in our collective community, which is powerful.”
“The banking community hasn’t been kind to our community — Blacks and minorities,” he added.Ryan Glover to Ernie Suggs AJC
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Greenwood is sourcing Black and Latino-owned businesses across a number of industries for inclusion in the upcoming GreenBook, which will act as an ever-growing resource inviting consumers to put their money back into the community by supporting local businesses.