SuperSteel

Super Steel, LLC, formerly known as Super Steel Products Corporation (SSPC), has been in existence since 1923, providing contracted manufacturing services to customers in the industrial, construction, agricultural, and defense markets, and specializing in providing metal fabrication to the rail industry. Despite its long history, the Milwaukee, Wisconsin based company could not withstand the economic recession and was forced to file for receivership in 2010. The closure of the company would have meant the loss of jobs and economic activity in the region. The City of Milwaukee made saving the jobs threatened by the potential demise of Super Steel a high priority and looked for ways to keep the company afloat. In 2010, First-Ring Industrial Redevelopment Enterprise (FIRE), a CDE formed by the City of West Allis, WI, offered a solution and provided $15.5 million in NMTC financing. This financing supported the acquisition, operational upgrades, and working capital requirements for the re-launch of the company. With the re-launch, Super Steel was able to retain its 223 employees and add 207 new, permanent, quality jobs at an average wage of $36,000, the majority of which are held by low-income persons. Super Steel, LLC’s focus is on reemerging as a best in class contract manufacturer by building upon its skills in the rail industry and pursuing contracting services with leading Original Equipment Manufacturers.

Jonco

The project involves funding working capital and tenant improvements for Jonco industries related to its expansion into the former Eaton building located in a highly distressed community in the 30th street corridor of Milwaukee’s Northwest side. This area has recently seen the loss of roughly 300 jobs when a primary employer (Eaton) left its location on 27th street to occupy new headquarters on the other side of the City. The number of employees that will still work for the Company from this location is unknown at this time. However, what is known is that the loss of this company had a serious impact on the community as a whole. Jonco Industries has developed a plan to retro-t 7 floors of the property so that it will accommodate its needs and support the tenancy of Northwest-side CDC, Milwaukee Social Development Commission and two floors designed as manufacturing company incubator space.

Discovery World

The project is the refinance of the operating educational non-profit business venture known as Discovery World. Discovery World Ltd. was created through a merger of Discovery World and Pier Wisconsin in 2004. A function of the merger was the creation of state-of the art science educational facilities with an emphasis on marine based science along the Pier in Milwaukee. The newly constructed facility brings together a comprehensive line of programs in physics, engineering, general science and chemistry along with interactive learning opportunities such as public education programs, “hands-on†exhibits, and curriculum based labs and workshops, interactive digital theaters and a live performance theater.

Beerline

The project is sponsored by Beerline Crossing LLC., a special entity created to help in the transformation of prior vacant underutilized industrial property in the Port Washington corridor of the Riverworks Industrial District. This Riverworks area at one time employed thousands of industrial employees through corporations like American Motors Corporation and Chrysler. Over the last fifteen years, the City of Milwaukee and the City of Glendale have initiated a series of office, light industrial, warehouse and retail projects that focused on redefining this area into regional powerhouse. The Beerline Crossing’s project is a multi-phased redevelopment effort to turn underutilized properties into a regional mixed-use development project supporting this effort.

Canal Street

Brownfield redevelopment for industrial use and office developement for a distrubution company. The Canal Street project is located in Milwaukee’s Menomonee Valley – an industrial area targeted for comprehensive redevelopment that extends west of the city’s center.

MEDC Revolving Loan Fund

MEDC provides low cost, long-term, subordinate capital to operating businesses in the City of Milwaukee through the its NMTC Revolving Loan Fund (RLF) product. We fund fixed asset purchases for land, buildings, and equipment for small to medium-sized businesses (average loan sizein the loan pool is $400,000) experiencing financing gaps. MEDC’s loans address the significant unmet need for capital in Milwaukee where environmental contamination and industrial abandonment has created high levels or poverty and unemployment. It also allows MEDC to provide more flexible underwriting standards that allow for lower interest rates and longer amortization on loans which reduces debt service and allows businesses to have more money for expansion and working capital. Since funding its original NMTC RLF loan pool in 2006, MEDC has partnered with PNC Bank as the Investor, to capitalize three additional Revolving Loan Fund (RLF) pools.

St. Ann Center for Intergenerational Care

Milwaukee’s St. Ann’s Center for Intergenerational Care is copying its successful south side facility with a second location on the north side, where the rates of poverty and infant mortality are high and most residents are people of color. St. Ann’s serves seniors including those with dementia, people with disabilities, and children all at the same site. It’s a unique model for programming and interaction that has earned national recognition.

Bureau of Milwaukee Child Welfare

High poverty and low development have historically plagued the area surrounding the intersection of 27th Street and Wisconsin Avenue in Milwaukee. The development of the vacant lot located at this intersection into the Department of Children and Families new Bureau of Milwaukee Child Welfare (BMCW) facility has been instrumental in the transformation of this community. The new BMCW facility will consolidate services into one central location while also expanding services for families in need. It anticipates that each year over 5,000 children will benefit from BMCW’s assistance. The creation of 40 new full time and 20 part time positions are also crucial for the neighborhood’s transformation. The project is also fully supported by the local neighborhood and the City of Milwaukee, which is providing the land for a sales price of $1.00.

Dental Associates

Purchase and rehab of Dental Associates’ currently leased Milwaukee facility. The clinic primarily serves low-income residents and Medicaid recipients in the Clark Square neighborhood and surrounding community.

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