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

    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.

     

Testimonials

Laura KingAll of us on the leadership team at NeuWave really appreciate the support and availability of funds from the Madison Development Corporation. MDC has been exceedingly easy to work with and provided liquidity at a critical juncture for NeuWave Medical.

- Laura King
President & CEO
NeuWave Medical, Inc.

Lisa Johnson,"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.

 

Srini KalluriThe 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
Founder
President & CEO& Chief Customer Experience Officer
Forte Research Systems, Inc.

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