Madison Apartments Rental, Small Business Lending - Madison Development Corporation
MDC's 2012 Jobs numbers are in!
MDC's active portfolio of Community Development Block Grant (CDBG) funded loan customers and our Venture Debt borrowers employed a total of 800 people as of the end of 2012. In 2012, these borrowers hired a total of 127 new employees.
Ninety-four of these new hires were in full-time jobs. Of these new hires in 2012, 70% were paid above two times the minimum wage, which we define as a high "quality" job, and 69% included employer-provided health care. Of the jobs created in 2012, 55% were filled by low-and moderate-income people. Unfortunately these numbers undercount the job impact of MDC due to several early pre-paid loans made possible by the great success of businesses like Nordic Consulting which has grown from 3 employees to over 250 today, Idle Free Systems, and Brocach Restaurant. All of these successful enterprises were able to find conventional financing, and continue to grow and hire in Madison and Dane County.
Are you looking for affordable rentals in Madison, WI area?
MDC owns and manages apartments throughout the Madison area. We have a wide selection of styles and rent levels.
Most of the units have many of the popular amenities that people in the Madison area are looking for, including: paid utilities, dishwashers, on-site laundry, elevators, pet friendly, and most have parking and storage. Several MDC properties are designed to be fully accessible.
Are you looking for business financing for expansion or start up?
MDC has loan funds available that provide start up and expansion capital to business owners and entrepreneurs in the Madison area. We are able to provide higher risk loans to businesses ranging from sole proprietorships to emerging technology companies.