MEDC leverages funding from private and public sources to finance projects or businesses in the Milwaukee 7 Region that focus on job retention and creation.
Since 1971, MEDC has been a participating lender in thousands of investment projects in the Milwaukee 7 region. All together, these projects have generated over one billion dollars of new investment and thousands of jobs.
For over fifty years, MEDC has worked in partnership with area banks and other non-profit lenders to provide low interest loans to Milwaukee 7 area businesses. Because of our commitment to continuous improvement, our loan fund has been able to grow to over $200 million, allowing us to annually increase the number of businesses we serve.
Our approach to lending has always revolved around two fundamental principles: Sharing risk with all participants in a project, and lending in partnership with private sector financial institutions.
We assess risk similarly to conventional lenders, but we lend out funds at a higher risk level to increase the feasibility of a project. With all of our loan programs, we support and assist minority- and woman-owned businesses.
The Corporation's activities are supervised by a board of directors consisting of Milwaukee area business men and women, as well as lenders, with our day-to-day governance delegated to the Board's Executive Committee.
All loans are reviewed and approved by our Loan Committee.
MEDC is audited annually by Baker Tilly, LLP. Audit information is available upon request.
MEDC | 757 North Broadway, Suite 600 | Milwaukee, WI 53202 | Phone: (414) 269-1440 | Fax: (414) 269-1466
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