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


  • 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.




Business Loan Program

Venture Debt Program

The BLP fund has been in existence over 30 years and over that time MDC has made loans to over 400 companies in the City of Madison. MDC Venture Debt Fund has assisted with these companies:
Among some of our past loan clients include several businesses that define the character of Madison such as:
  • Willy Street Coop
  • Union Cab
  • Barrymore Theatre
  • Soap Opera
  • Monty's Blue Plate
  • Bunky's Café

MDC has also assisted several technology based businesses including:

  • Panvera
  • Mirus Bio
  • Novagen
  • Tomotherapy
  • Applied Tech
  • TrafficCast
  • Universal Separators
  • Netconcepts
  • NeoClone Biotechnology
  • Gentel Biosciences Inc.
  • Extract Systems LLC
  • C5-6 Technologies
  • BioSystem Development LLC
  • GWC Technologies
  • Percipenz Technologies/Forte Research
  • Health Innovations Technologies
  • Networked Insights Inc.
  • Idle Free Systems Inc.
  • Sologear
  • Semba Biosciences Inc
  • NeuWave Medical
  • Eragen Biosciences
  • Soft Switching Technologies
  • aOva Technologies
Madison Development Corporation 550 W. Washington Ave. | Madison, WI 53703 Tel. 608-256-2799 Fax 608-256-1560
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