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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

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

Taharka Brothers

Taharka Brothers Factory Expansion Loan

Factory expansion for increased ice cream production

Baltimore, United States
September 14, 2023
US $500,000.00

Common Ground Bakery Cafe

Common Ground Working Capital

This loan will provide the newly converted cooperative working capital as they start up

Baltimore, United States
September 12, 2023
US $40,000.00

MontCo Union Taxi LLC dba Anytime Taxi

Line of Credit for government voucher reimbursement receivables - renewal

Operational taxi co-op is expanding and needs a line of credit to float voucher reimbursements to additional drivers. This is a renewal of Loan #3482 and a duplicate of that loan memo.

Rockville, United States
September 28, 2022
US $117,000.00

Taharka Brothers

Taharka Brothers Freezer Truck Purchase

Loan to purchase freezer delivery truck for ice cream

Baltimore, United States
February 23, 2023
US $110,000.00
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