The Milwaukee Economic Development Corporation provides low interest loans to Milwaukee businesses working in partnership with a bank. MEDC's approach to lending revolves around two fundamental principles:
1. sharing risk with all participants in a project, and
2. lending in partnership with private sector financial institutions
We are unique in that MEDC assesses risk similar to conventional lenders; however, MEDC will lend its funds at a higher risk level to increase feasibility of a project. With all its loan program, MEDC supports and assists minority, and women-owned businesses.
MEDC also works in collaboration with the City of Milwaukee and the Redevelopment Authority of the City of Milwaukee (RACM) to assist with the development and environmental remediation of commercial and industrial properties. A number of resources are available to assist with locating properties, financing and environmental cleanup.
