About the Community & Neighborhood Development Program |
About the Community & Neighborhood Development Program ||| Currently Funded Activities ||| Results ||| Proposal Qualifications and Process ||| Materials Available from Us ||| How To Contact Us
| Agency and Title | Madison Development Corporation: Business Loan
Program 550 West Washington Avenue Madison, WI 53703 (608) 256-2799 |
| Amount and Source |
$240,000 (CDBG) $900,000 (CDBG - Program Income) |
| Outcome | 35 full-time equivalent jobs created and offered to LMI individuals |
| Customer or Beneficiary | LMI individuals |
| Activity | Provides loans to small business "export market" firms who will commit to creation of full-time employment positions made available to low and moderate income individuals; may involve cooperative agreements with the Small Business Administration and private lenders for a small business lending program, or land purchases and resale to assist small businesses; $100,000 of these funds to be reserved for qualified businesses associated with the Tech Incubator Center on Madison's east side |
| Service Area | Citywide |
