PM Press Crowdfunds for Full Ownership of Warehouse
Radical indie publisher PM Press is celebrating its 20th anniversary in 2027 and is looking to secure its longevity by raising $250,000 to pay off the mortgage on its Binghamton, N.Y., warehouse.
PM Press has launched a crowdfunding campaign, Book by Book, Brick by Brick, to fortify its infrastructure and build community. The goal is to raise $250,000, enough to pay off the remainder of the five-year fixed-rate mortgage on its warehouse.
“If you think of institutions on the left, they come and go,” said Ramsey Kanaan, PM’s founder and publisher. “A lot of it boils down to owning property. The reason that City Lights are still there in gentrified San Francisco is because they own the building.”
PM Press has already been priced out of the Bay Area, and this campaign aims to ensure the company's stability and independence.
Author's summary: PM Press crowdfunds $250,000 for warehouse ownership.
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