Providing employment opportunities, small
businesses loans and quality, affordable housing for
Madison and Dane County residents.
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  • Annual Meeting Message

    The goal of Madison Development Corporation (MDC) is to provide quality self-sustaining jobs through loans to small businesses and innovative businesses. MDC also provides affordable housing for Madison and Dane County residents.

     
  • 2014-2015 Accomplishments

    Loan Activity

    Small Business Loans: In 2014, MDC closed on $763,000 of CDBG-funded new direct loans to 9 small businesses. We also closed on 4 loans for $180,000 from our County-wide, Dane County Development Company fund. Through our Venture Debt Fund, we committed and closed on 5 loans, totaling $1,825,000. Strong loan volume has resulted in a growing loan portfolio for year-end 2015, continuing a three year trend.

     

Latest News

MDC's 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 708 people as of the end of 2013. In 2013, these borrowers hired a total of 199 new employees.

Ninety-three of these new hires were in full-time jobs. Of these new hires in 2013, 88% were paid above two times the minimum wage, which we define as a high "quality" job. This is the highest percentage ever reporting quality job levels! Of the jobs created in 2013, over 50% were filled by low-and moderate-income people prior to their hire.

Madison Development Corporation 550 W. Washington Ave. | Madison, WI 53703 Tel. 608-256-2799 Fax 608-256-1560
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