TESTIMONIALS

"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.

MDC Technology Business Loan and Job Growth: 2010-2011

MDC's portfolio of loans to technology businesses continues to generate positive job growth for Madison and Dane County.

MDC Chair Message 2011

Madison Development Corporation, with our national economy, has emerged from the recession. MDC is strong and has been an important factor in Madison and Dane County for alleviating the effects of the recession and assisting in a positive outcome. Our 2010 jobs report showed that the MDC small business borrowers created 150 new jobs. This compares to 110 in 2009. Of the new jobs, 81% were at high wages and 79% included employer sponsored health benefits.

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MDC Board Members

The corporation is managed by a thirteen member Board of Directors. The Board, chaired by Tom Solheim, 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.