Baltimore Community Lending Closes On Building, Furthers Plans for Business Development & Resource Center

BALTIMORE, MD. – March 13, 2023 – Last Friday, Baltimore Community Lending (BCL) officially acquired the building that is slated to become its Business Development and Resource Center and office headquarters. Watchen Harris-Bruce, President & CEO of Baltimore Community Lending, signed the closing documents for the purchase of the building at 309 N. Calvert Street in downtown Baltimore City after an extensive search conducted by a committee comprised of BCL staff, board members, and stakeholders.

The Business Development and Resource Center will be a civic destination for small business owners to connect and gain access to capital funding, business development knowledge, and technical resources. Entrepreneurs from a wide spectrum of industries will have the opportunity to receive training and services from BCL staff, community members, government agencies, business partners, and educational institutions. BCL will lease co-working and office space to service providers and community organizations, and the building will also serve as the site of the organization’s general operations and staff offices.

“I want to thank everyone, including our staff, board members, partners, and supporters, who have brought us to this momentous occasion. The Business Development and Resource Center will be a beacon for entrepreneurs to receive full-service support from the community for all aspects of their businesses. We look forward to serving them and ushering in a bright future for our great city of Baltimore.”

BCL is currently recruiting donors and supporters to contribute to this initiative, as well as potential tenants. Interested parties can contact Pat Clements, Operations Administrator and Major Gifts Cultivator, by email at [email protected] or by phone at 410-727-8590.

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About Baltimore Community Lending

With over 30 years’ experience, Baltimore Community Lending (BCL) is a local CDFI that supports the revitalization and strengthening of under-served neighborhoods through innovative and flexible financial assistance designed to promote community development. The small business division of BCL addresses the primary barriers to credit by providing flexible loan terms, business coaching, and an ecosystem of small business lenders and bankers. The real estate division works with different types of borrowers and provides financing to develop affordable housing, community facilities, and mixed-use developments. More information is available at https://bclending.org.

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