$ 1 million in loans to be granted to Lexington Market vendors
LEXINGTON MARKET IS LOOKING FOR SELLERS TO JOIN AS IT MOVES ITS NEW BUILDING TO CTÉ DOORS COMMUNITY MEMBERS DECLARE WHAT THEY WANT IN A NEW MARKET IS AFFORDABLE FRESH FOOD AND MORE VARIETY FROM THE OWNER MARKET FROM LEXINGTON SHOULD BE MORE DIVERSIFIED UNTIL 140 PEOPLE APPLYED OVER 60% OF CANDIDATES ARE COLORS OVER 50% ARE WOMEN-OWNED BUSINESSES AND 60% OUR CITY RESIDENTS. THEY I ENCOURAGE ALL SELLERS SO YOU WILL PUT THEIR APPS AND I HAVE TIFFANY CHURCHILL OWNER OF THE DANCING POTATO. SHE IS THE ONLY BLACK SELLER AND THE ONLY WOMEN SELLER IN THE LEXINGTON MARKET NOW, THEY ASK FOR THINGS AS JUST WHAT ARE YOUR PLANS YOUR MARKETING PLANS YOUR MARKETING STRATEGIES YOUR DAILY OPERATIONS YOUR DAILY OPERATIONS HAS NOT HENRY STANDARDS YOUR EQUIPMENT NOT HENRY TO BE CHOSEN. I AM – THEM INSIDE AND THINK IT WILL BE CORRECT. NOT TO BE NEGATIVE, YOU KNOW, SO EVERYTHING YOU STATIC COPY WHEN LEXINGTON NEW MARKET OPENS ITS GOING TO BE THE LARGEST SMALL BUSINESS NURSERY IN BALTIMORE WITH OVER 50-60 SELLERS, AND WE WANT MAKE SURE WE INCREASE THE NUMBER OF BLACKS ON WOMEN IN TOWN RESIDENTS ‘OWN BUSINESSES. THERE WILL BE 30-40 COMMUNITY REVIEWERS IN REQUESTS TO HELP SUPPLIERS SELECT THE DEADLINE FOR THIS ROUND IS OCTOBER 5 FOR MORE INFORMATION ON HO TO APPLY FOR TRANSFORMATION. LINKEDIN.COM
(Video: New Suppliers Seek Out As Historic Lexington Market Undergoes Renovations, October 2020) BALTIMORE – While building a $ 40 million modern reconstruction of Baltimore’s historic Lexington Market, its developer is partners with local institutions to provide loans and business support to Funding for the new Lexington Market Accelerator Fund will come from the University of Maryland, Baltimore, whose college campuses surround the iconic Public Market, as well as the T. Rowe Price Foundation, and potentially other foundations and lenders. The $ 1 million fund will offer a wide range of loans, from $ 10,000 to $ 150,000, with interest rates of 5.25% to 7.25% to sellers. Community Development Financial Institution Baltimore Community Lending and the Social Business Support Organization Innovation Works.Read the full story of our partners at the Baltimore Business Journal
(Video: New suppliers sought after historic Lexington market undergoes renovations, October 2020)
BALTIMORE – As construction progresses on a $ 40 million modern reconstruction of historic Lexington Market in Baltimore, its developer is partnering with local institutions to provide loans and business support to market vendors.
Funding for the new Lexington Market Accelerator Fund will come from the University of Maryland, Baltimore, whose college campuses surround the iconic public market, as well as the T. Rowe Price Foundation and potentially other foundations and lenders. The $ 1 million fund will offer a wide range of loans, from $ 10,000 to $ 150,000, with interest rates of 5.25% to 7.25% to providers.
In addition, the loans will be accompanied by “technical assistance support” for old and new businesses, provided by the community development finance institution Baltimore Community Lending and the social enterprise support organization Innovation Works.