The Latino Economic Development Center (LEDC) Expands and Opens Second Office in Baltimore

News / Press Releases

Immediate Release: August 13, 2018

The Latino Economic Development Center (LEDC) Expands and Opens Second Office in Baltimore

WASHINGTON, DC – LEDC, a leading nonprofit in the Washington metropolitan area, is pleased to announce that on Aug. 1st, 2018, it opened its second office in Baltimore, Maryland. The office will provide Baltimore residents with the necessary skills and financial tools to open or expand their businesses.

LEDC is extremely proud to announce our expansion within Baltimore, Maryland. 2018 represents our fourth year in the market, and we are very proud of what we have been able to accomplish. Since 2014, LEDC has served Baltimore entrepreneurs with critical financial and consulting services. In this short time, Baltimore has become a significant part of our regional portfolio. Now, with two strategically-positioned offices, we are better equipped than ever to serve the needs of Baltimore residents for years to come,” stated LEDC Executive Director Marla Bilonick.

Since bringing LEDC to the Baltimore area in 2014, 92 businesses have received loans, over $1.2 million dollars in loans have been disbursed, more than 200 clients have received technical assistance, and our coaches and loan officers have provided over 900 hours of technical assistance to residents.

LEDC is proud to serve the Baltimore region and is thrilled to expand its reach by continuing to provide programs to individuals looking to open or expand their businesses. It offers services ranging from individual business coaching; workshops on topics including business planning, financial management, and marketing; and small business lending as LEDC is a certified Community Development Financial Institution (CDFI) and SBA microlender.

LEDC’s two offices are conveniently located at The Impact Hub at 10 E North Ave, Baltimore, MD and now also The Broom Factory located at 3500 Boston St, Baltimore, MD.



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About Latino Economic Development Center (LEDC)

The Latino Economic Development Center is a 501(c)(3) nonprofit organization. LEDC's mission is to drive the economic and social advancement of low- to moderate-income Latinos and other D.C. area residents by equipping them with the skills and tools to achieve financial independence and become leaders in their communities.