Providing employment opportunities, small
businesses loans and quality, affordable housing for
Madison and Dane County residents.
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TESTIMONIALS

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"The Venture Debt Fund has been a valuable piece of our company’s financing structure and allowed us to use our latest equity financing directly for sales and marketing activities. This debt financing enabled us to hire staff and build our first instruments, leading to our early  success."

- Lisa Johnson
Chief Business Officer
Semba Biosciences, Inc.

BLOG

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  • Annual Meeting Message

    Madison Development Corporation (MDC’s) goal 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.

     

MDC Board Members

The corporation is managed by a thirteen member Board of Directors. The Board, chaired by Mary Strickland, contains representatives from both area business and community leaders. Madison Development Corporation By-Laws require the Board to represent sections of the community. The Mayor of Madison appoints eight of the Directors, the Chair of the Dane County Board of Supervisors appoints one County Supervisor that represents Madison and four members are elected by the MDC membership. Any Dane County resident, business, or person employed in the county is eligible to be a member of MDC.

The Madison Development Corporation Board of Directors provides policy guidance and direction to the President. The Board meets generally at 7:45 AM on the second Wednesday of every other month. Each Director normally sits on one standing or ad hoc Committee. Current committees include the Executive, Loan and Investment, and Housing Committees.

Board Members and Representation

  • Mary Strickland
    Chair, Mayoral Appointee, Business and Financial Representative
  • Ronald Trachtenberg
    Vice-Chair, Mayoral Appointee, Business and Financial Representative
  • Stuart Levitan
    Secretary, Elected from Membership
  • Rich Arnesen
    Mayoral Appointee, Citizen Appointee
  • Vicki Bankston
    Mayoral Appointee, Mayoral Designee
  • Rob Bergenthal
    Elected from Membership
  • Tom Golden
    Elected from Membership
  • Mike Kollath
    Mayoral Appointee
  • Jeff Pertl
    Dane County Board Chair Appointee, Couty Supervisor
  • Joan Philip
    Mayoral Appointee
  • Ruth Ann Schoer
    Mayoral Appointee, Business and Financial Representative
  • Mark Taber
    Elected from Membership
  • Matt Younkle
    Mayoral Appointee, Economic Development Representative

 

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