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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

Sankofa Video, Books, and Cafe

ERP Loan: Working Capital to Facilitate Economic Recovery

An economic recovery loan for a 30-year-old Afro-centric bookstore in Washington, DC

Washington, United States
June 6, 2024
US $75,000.00

Red Emma's Bookstore Coffeehouse

Red Emma's Branded Gear LOC

A revolving line of credit to allow Red Emma's to purchase branded gear for sale in the store

Baltimore, United States
December 22, 2019
US $4,000.00

The Wine Source

The Wine Source - Working Capital Loan

Loan for working capital for The Wine Source Conversion

Baltimore, United States
September 30, 2024
US $1,000,000.00

Appalachian Field Services

Buyout of existing ownership from holding cooperative

This loan will buyout Obran Cooperative's ownership stake in AFS

Hagerstown, United States
July 1, 2022
US $36,000.00

Rising, LLC

Blanket Mortgage for Baltimore City Acquisitions

A 20-property mortgage to allow Rising, LLC (a project of Watter Bottle, LLC and Appalachian Field Services) to acquire, renovate, and rent affordable housing in Baltimore, Maryland.

Baltimore, United States
January 24, 2024
US $5,000,000.00
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