Providing employment opportunities, small
businesses loans and quality, affordable housing for
Madison and Dane County residents.
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The Venture Debt Fund is a perfect vehicle for fast growth companies like Forte Research. It provided cash to support growth when we were too risky for traditional bank financing and allowed us to focus on our business instead of the fundraising process.

- Srini Kalluri
President & CEO& Chief Customer Experience Officer
Forte Research Systems, Inc.


  • 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.


MDC Board Members

The corporation is managed by a thirteen member Board of Directors. The Board, chaired by Ron Trachtenberg, 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

Ron Trachtenberg


Vicki Bankston                                                                                                                             

Vice Chair                                                                                                                                                           

Tom Golden


Mike Kollath                                                                                                                                                      


Mary Strickland

Ex Officio, Past Chair

Rich Arnesen

Rob Bergenthal

Tony Koblinsky                                                                                                                                                                  

Stuart Levitan                                                                                                                                                         

Anne Neujahr Morrison

Julia Stone

Dante Viscarra

Matt Younkle                                                                                                                                                             

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