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




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 Staff

Lorrie Keating Heinemann
President & CEO
(608)256-2799 x212

Dave Scholtens
V.P. of Lending
(608)256-2799 x213

Joan Frost
(608)256-2799 x211

Sara Gussine
Leasing & Compliance Manager 
(608)256-2799 x216

Cashton Laufenberg
Director of Property Management
(608)256-2799 x218

Harry Irwin
Facilities Manager 
(608)256-2799 x215

Scott Ndobegang 
Property Manager 
(608)256-2799 x219

Robin Kempfer 
Grounds/Jr. Maintenance Supervisor 
(608)256-2799 x220

Kyle Kopplin 
Communications Coordinator 
(608)256-2799 x214

Mik Clayton 
Maintenance Technician 
(608)256-2799 x220

Madison Development Corporation 550 W. Washington Ave. | Madison, WI 53703 Tel. 608-256-2799 Fax 608-256-1560
© 2018 Madison Development Corporation - All Rights Reserved. |