Mychael and Stephanie Wright hoped their launch of Golden Thyme Coffee & Cafe 24 years ago would serve as a catalyst for a resurgence of Black-owned businesses on Selby Avenue, a commercial corridor of St. Paul's old Rondo neighborhood.
Neighbors and customers say they've done that. But on Saturday, the Wrights turn over the keys to an organization — Rondo Community Land Trust — promising to use the coffee shop to accelerate the area's transformation.
The Community Land Trust announced it will create Golden Thyme Presents — an incubator for restaurateurs and food vendors who are Black, Indigenous and other people of color. The space will also serve as a platform for Rondo-based food businesses to get their start or expand through pop-ups or future long-term lease options.
In a state where Black business ownership still lags behind its share of the population, Mychael Wright feels he's sustaining entrepreneurship in the neighborhood.
"We have done what we can to position our people in the best place in order to succeed," Wright said between orders on a recent morning as the breakfast crowd swelled. "We've sold to someone with a vision to make Golden Thyme an employee-owned co-op. They wanted to preserve the institution, and help it grow even more."
In a news release, officials with the land trust said they plan to test the blending of a franchise community coffee house with a cooperative ownership model.
"Like countless other people, I feel something special when I walk into Golden Thyme — the long hours, the heart-driven effort and the immense love that went into building such a unique and inviting culture makes this a neighborhood asset that can and should be preserved for generations to come," said E. Coco, deputy director of Rondo CLT.
The Wrights' announcement came on the same day as the 2023 Selby Avenue Jazz Festival, which Wright launched shortly after he and his wife opened the coffee shop. Each year, it draws thousands of jazz fans from far and wide to the intersection of Selby and Milton Street.