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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

Red Emma's Bookstore Coffeehouse

Red Emma's Additional Working Capital loan

Working capital to support an established cooperative during their ramp up period in a new location

Baltimore, United States
January 16, 2019
US $75,000.00

Red Emma's Bookstore Coffeehouse

Red Emma's New Space Expansion Loan

A multi-part investment to help Maryland's largest worker cooperative expand into a new, larger location

Baltimore, United States
May 17, 2018
US $178,000.00

Red Emma's Bookstore Coffeehouse

REFINANCE: Renovation loan for new Red Emma's building

A secured real estate loan to finance the acquisition and renovation of a permanent home for Red Emma's

Baltimore, United States
May 25, 2023
US $2,000,000.00

Red Emma's Bookstore Coffeehouse

ERP Grant: Working Capital to Achieve Break Even

A grant to accompany an equitable recovery loan (LID: 11002)

Baltimore, United States
June 15, 2023
US $62,500.00

MontCo Union Taxi LLC dba Anytime Taxi

Expansion into new line of revenue

This immigrant-owned taxi co-op, consisting of 100% wheelchair-accessible vehicles and operational since 2018, is seeking to increase and stabilize their revenue by executing a significant expansion into the private-pay Non-Emergency Medical Transport market.

Rockville, United States
February 26, 2025
US $440,000.00
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