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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

ERP Loan: Working Capital to Achieve Break Even

Working capital to assist the cooperative as they fully recover from the COVID-19 pandemic

Baltimore, United States
June 15, 2023
US $250,000.00

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

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

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

Cooperative Community Development

Building Purchase for Cooperative Community Development

Loan for purchase of properties and predevelopment costs

Baltimore, United States
May 1, 2023
US $800,000.00
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