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The Baltimore Roundtable for Economic Democracy (BRED) is a coalition of Maryland-based worker cooperatives, advocates, and technical assistance providers committed to building a robust cooperative ecosystem. BRED supports democratically-controlled economic institutions with loans and technical assistance. We prioritize coop development that directs educational and financial resources to historically marginalized communities—especially communities of color that have been excluded from the current economic system. We are part of an emerging national peer network of loan funds to aggregate non-exploitative financing to scale this work. We believe in the creation of democratically-controlled economic institutions, whether as start-ups or through converting existing businesses. We see it as a powerful model that addresses concrete community needs—like living wage jobs with dignity—with an expansive vision of a transformed and equitable economy. Self-managed workplaces create key sites for skill-sharing and grassroots leadership development. Viable cooperative businesses with values grounded in community provide meaningful examples of corporate responsibility and accountability. Community-owned economic institutions demonstrate that Maryland communities can thrive without courting elite developers or national corporations that siphon profit from the local economy. Website: http://www.baltimoreroundtable.org Twitter: @bred_baltimore Instragram: @bred_baltimore

Loans

Cajou Creamery

Cajou Production Equipment Loan

Cajou is a plant based ice cream company currently run by two people, with plans to become a coop/democratically run business.

Baltimore, United States
June 23, 2021
US $50,000.00

Taharka Brothers

Taharka Bros. Pint Production Expansion Loan

Purchase of additional equipment and office/warehouse upgrades to meet increased demand for ice cream pints

Baltimore, United States
May 8, 2020
US $66,000.00

Thread Coffee Roasters

Thread Consolidated Expansion Loan

Consolidation of existing loans to decrease administrative overhead, with a focus on one repayment type.

Baltimore, United States
January 1, 2020
US $98,564.63

Obran Cooperative

Appalachian Field Services Acquisition Loan

A $30,000 loan to Staffing Cooperative to purchase a controlling share in Appalachian Field Services.

Seattle, United States
April 10, 2020
US $30,000.00

MontCo Union Taxi LLC dba Anytime Taxi

Bridge loan for government receivables

Operational taxi co-op is awaiting reimbursement from county government for an incentive program that allowed them to expand their fleet of vehicles. This loan serves as a bridge to keep the coop solvent while they await that reimbursement from the county government.

Rockville, United States
October 1, 2021
US $159,000.00
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