- June 11, 2021
- Posted by: Stratford Team
- Category: Business
BALTIMORE (WJZ) — In some parts of Baltimore, community members are helping restaurants and businesses in their neighborhoods by becoming invested in them.
In Southwest Baltimore, the black-owned Caribbean-American restaurant, Sofusion Cafe, turned to the community to help it grow with the help of crowdfunding.
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“Not a lot of people know that oh they can invest in their local businesses and this is the way for them to be involved,” said Denise Butts, owner of Sofusion Cafe.
It’s a way for community members to give as little as $100 to local businesses online and become investors in them. It’s being promoted by a local profit Community Wealth Builders.
“This is businesses sourcing the capital they need from customers from residents from people and then offering them something in return,” said Stephanie Geller, Community Wealth Builders Director.
Since 2019, over 40 businesses have…