City Resources


Environmental Grants and Loans
Industrial Revenue Bonds
Business Planning and Growth

Business Financing Resources

Workforce Development Resources


 

 

 Environmental Grants and Loans

Brownfield Site Assessment Matching Grant

MEDC works closely with the City Redevelopment Authority, RACM, to assist with environmental remediation projects. MEDC manages RACM's remediation loan fund and funds its site assessment grant program.

The Brownfield Site Assessment Matching Grant Program is designed to encourage the investigation and redevelopment of industrial and commercial properties in the City of Milwaukee that may be affected by environmental concerns.  A Phase I Site Assessment is required to document potential environmental concerns and to focus further investigation.  Grants of up to $25,000 (or one-half of the cost, whichever is less) are available to assist with Phase II Site Assessments and related work. 

This is a reimbursement grant and payment will be made upon completion of work.  No repayment is expected.  Fee: $50.00.

Eligibility:

 

  • Property must be located in the City of Milwaukee
  • Applicant either owns or intends to buy the property
  • Applicant has completed an ASTM Phase I Environmental Site Assessment
  • The site is to be redeveloped
  • Applicant agrees to report on results of testing and redevelopment plan
  • Competitive bids for covered services must be obtained from at least two qualified providers
  •  Applicant must be current on all property taxes and free from code violations

Eligible Activities:  Phase II Site Assessments, remedial action plans, confirmatory sampling, DNR fees (Not to be used in place of PECFA).

Timing:  Applications are reviewed/approved on a continuous basis (click here for application). 


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Industrial Revenue Bonds

The City of Milwaukee and its Redevelopment Authority issue tax-exempt industrial development revenue bonds to finance projects for manufacturers, building construction, renovation, machinery and equipment of manufacturing facilities are eligible projects for industrial revenue bonds.  Bonds are issued by a municipality in the name of the company.  The costs of land, facility construction or renovation, new equipment, architectural and engineering studies, site improvements and interest during construction are all eligible for financing.  The applicant is responsible for all debt service.  Bonds are exempt from federal income tax and, in some cases, state income taxes.

This program has provided nearly $685 million in financing to more than 200 Milwaukee firms.

Uses

  • Long-term financing depending upon life of assets.
  • Advantages: Fixed or variable rates.
  • Fees: $1,000 to Authority with initial application and .75% of the bond amount upon issuance.
  • Participating underwriters will charge from 1 to 1.5% plus out-of-pocket costs.
  • Bonds are typically secured by a bank letter-of-credit.
  • Certain banks purchase these instruments for their own accounts, thus eliminating the underwriter and related costs.
  • Until the end of 2012, these bonds can also finance commercial real estate projects. 

Timing

Generally, a company should not incur project costs (except site purchase) prior to City or Authority's adoption of an Initial Resolution.  Under IRS code, only costs incurred no more than 60 days prior to the adoption of the initial resolution can be rolled into subsequent bond issue.  Final bond issuance generally takes place 60 to 90 days later, depending on negotiations between underwriters, borrower and letter-of-credit bank.

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 Business Planning and Growth

BizStarts Milwaukee | www.bizstartsmilwaukee.com
P.O. Box 232344 | Milwaukee, WI 53224 | (414) 921-0909
BizStarts Milwaukee offers multiple resources for starting a business, all in one place. These resources include a comprehensive library, getting started guidance, classes throughout the seven county region, assistance for fast growing, innovative companies, and public and private service technical assistance providers.

City of Milwaukee Office of Small Business Development | city.milwaukee.gov/osbd
200 East Wells Street | Milwaukee, WI 53202 | (414) 286-5553

The City of Milwaukee gives assistance to women- and minority-owned small businesses in obtaining government contracts. Eligible businesses must complete a certification process. The State and County governments have similar programs.

SCORE | www.scoresewisconsin.org
310 W. Wisconsin Avenue, Suite 425 | Milwaukee, WI  53203 | (414) 297-3942
SCORE provides workshops and coaching to help prospective and current business owners grow and operate a successful business. 

Milwaukee Public Library's Business Resources | www.mpl.org/file/business_index.htm
814 W. Wisconsin Avenue | Milwaukee, WI  53233 | (414) 286-3000
The Milwaukee Public Library's provides online resources and search assistance on a variety of business topics.

UW-Milwaukee Small Business Development Center | www.sce-sbdc.uwm.edu
161 W. Wisconsin Avenue, Suite 6000 | Milwaukee, WI  53203-2602 | (414) 227-3200
The SBDC works with entrepreneurs to turn their ideas into viable business concepts and help established business improve performance. 

Wisconsin Entrepreneurs' Network  | www.wenportal.org

432 Lake Street | Madison, WI 53706 | (608) 263-0398
The Wisconsin Entrepreneurs' Network offers entrepreneurs access to a statewide network of resources and expertise. 

Wisconsin Manufacturing Extension Partnership  | www.wmep.org
2601 Crossroads Drive, Suite 145 | Madison, WI 53718 | (877) 856-8588
The Wisconsin Manufacturing Extension Partnership offers assistance to small and medium sized manufacturing firms in areas of continuous improvement, supply chain management, exporting, growth and innovation.

Wisconsin Procurement Institute | www.wispro.org
10437 Innovation Dr., Suite 228 | Milwaukee, WI 53226 | (414) 270-3600
The Wisconsin Procurement Institute offers assistance to companies wishing to obtain federal government contracts.


Wisconsin Women's Business Initiative Corporation (WWBIC) | www.wwbic.com
2745 N. Dr. Martin Luther King Jr. Drive | Milwaukee, WI  53212 | (414) 263-5450
The Wisconsin Women's Business Initiative Corporation provides educational and technical resources, as well as access to capital for entrepreneurs.

U.S. Commercial Service |
export.gov/wisconsin/
1235 North Milwaukee Street, R01 | Milwaukee, WI 53202 | (414) 297-3473
The U.S. Commercial Service of the U.S. Department of Commerce is a federal government agency dedicated to helping small-to-medium sized companies develop international markets.


Business Owner's Toolkit | bizfilings.com
The Business Owner's Toolkit provides the information and resources you need to start, run, and grow your business.

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 Business Financing Resources

BizStarts Milwaukee, Inc.  | www.bizstartsmilwaukee.com
P.O. Box 242344 | Milwaukee, WI 53224 | (414) 921-0909
BizStarts Milwaukee has Venture Track coaches that provide strategic connections and advising for innovative, potential high-growth companies to help them launch, grow and prepare to raise capital or other sources of funding.

City of Milwaukee-Facade and Sign Programs | city.milwaukee.gov/facade
809 N. Broadway | Milwaukee, WI 53202 | (414) 286-8201
The City's Facade Grant program provides financial and business assistance to businesses and commercial property owners interested in renovating the street faces of their buildings. 

Wisconsin Business Development Finance Corporation | www.wbd.org
W229 N1433 Westwood Drive, Suite 206 | Waukesha, WI  53186 | (262) 970-8533
WBD serves start-up and emerging businesses, established, growing businesses, financial institutions and economic development organizations through the SBA 504 Loan Program and Capital Access Program. 

Wisconsin Economic Development Corporation | www.wedc.org
201 West Washington Avenue | Madison, WI 53703 | (608) 267-4417
The Wisconsin Economic Development Corporation nurtures, provides resources, technical support, and financial assistance to companies in Wisconsin.

Wisconsin Housing & Economic Development Authority (WHEDA) | www.wheda.com
140 S. 1st St., Suite 200 | Milwaukee, WI  53204 | (414) 227-4039

WHEDA offers small business loan guarantees as well as a neighborhood business revitalization guarantee, and an agribusiness guarantee. 

Wisconsin Women's Business Initiative Corporation (WWBIC)  | www.wwbic.com
2745 N. Dr. Martin Luther King Jr. Drive | Milwaukee, WI  53212 | (414) 263-5450
WWBIC makes loans to small and micro businesses up to $100,000.

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 Workforce Development Resources

Milwaukee Area Workforce Investment Board (MAWIB) | www.milwaukeewib.org
2342 North 27th Street | Milwaukee, WI 53210 | (414) 270-1700
MAWIB provides education and training that involves local educators, prospective training operators, employers, job seekers and employees.

Job Service | www.jobcenterofwisconsin.com
2701 S. Chase Avenue | Milwaukee, WI 53204 | (414) 389-6600
Job Service is a Wisconsin-centered employment exchange that links employers across Wisconsin with people looking for a job.

Milwaukee Job Corps |
www.milwaukeejobcorps.org 
Job Corps is an education and career technical training program aimed at people 16 to 24 to allow them to improve the quality of their lives through vocational and academic training.

Employer Partnership of the Armed Forces |
www.employerpartnership.org
(877) 450-HIRE (4473)
The Employer Partnership links America's employers with Service members that allows them to leverage their military training and experience in today's civilian job market.

Wisconsin TechConnect |
www.wisconsintechconnect.com
Wisconsin TechConnect brings the students and alumni of 16 Wisconsin technical colleges together with employers who are seeking a skilled workforce.

University of Wisconsin-Milwaukee - Career Development Center | www.uwm.edu/cdc
P.O. Box 413 | Mellencamp 128 | Milwaukee, WI 53201 | (414) 229-1122
UWM's Career Development Center provides job placement services to students and graduates.


Milwaukee School of Engineering - Career Services Office | www.msoe.edu/placement
1025 N. Broadway | Milwaukee, WI 53202 | (414) 277-7120
MSOE Career Services assists employers in finding candidates for open positions in a variety of career fields. Services include job postings, intern recruitment, searching resumes, on campus interviews, as well as an annual career fair.


Marquette University - Career Services Center | www.marquette.edu/csc
1324 W. Wisconsin Avenue | P.O. Box 1881 | Milwaukee, WI 53201 | (414) 288-7423
Marquette's Career Services Center allows employers to post internships, jobs and co-ops on their online career management system. Marquette CSC also hosts a fall and spring career fair, coordinates on-campus interviews, and connects employers to students and alumni.


Wisconsin Regional Training Partnership (WRTP) | www.wrtp.org
3841 W. Wisconsin Ave | Milwaukee, WI 53208 | (414) 342-9787
WRTP/BIG STEP provides referrals of pre-selected workers, training, workplace learning centers, recruiting strategies and job assessments throughout the state of Wisconsin.

 


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