Is DeSoto Texas the New Black Wall Street? DeSoto, a city located in Northern Texas, boasts a black population of nearly 70 percent. Out of the total businesses owned in DeSoto, a robust 56 percent of them are Black owned.
Although statistics show inclusive graduation numbers regarding all racial groups in DeSoto, the city shows a 92 percent high school graduation rate of individuals 25 years of age or older.
Between 2009-2013 (Keep in mind that approximately 70 percent of DeSoto’s population comprises of African American citizens).
According to the February 27th news report from NBC DFW, the median income of DeSoto is $60,945, with less than 10 percent of the city’s population living under the poverty line.
What is interesting about members of the dominant society who are considering moving to DeSoto is that they are often turned off by the city’s large Black population.
Their real estate agents even ask them if they are interested in moving to this city, as if to place doubt in their minds because of the majority Black presence in the city.
For the span of a decade (2000-2010), African American people relocated to DeSoto by the droves, largely in part because of the high standard of living that the city promotes.
If this is indeed the case, then much can be said about the collective mindsets of members of the dominant society who opt not to reside in DeSoto for trivial reasons, such as their fear and envy of affluent Black population.
Can a city like DeSoto, Texas provide the blueprint for cities across the country (and globe) to establish and maintain a standard of excellence that is conducive to Black empowerment?
DeSoto Mayor Carl Sherman reveals that many African-Americans have been moving to the community since the turn of the millennium.
“Since 2000-2010, there’s been a large migration of African-Americans to North Texas,” Sherman said. “In fact we’re the leading community second only to Atlanta for the migration from north to south. And many of those have chosen to live in the city of DeSoto because of the caliber of the citizens that we have here.”
DeSoto, Texas is not the only thriving city across America which middle to upper class African Americans are claiming their piece of the American Dream! Cities such as (but not limited to) New York, Maryland, California, Atlanta, Virginia, Alabama, and North Carolina.