Our Mission
To enhance the standard of living on the northwest side by improving the business environment for our low-income communities through community economic development.
2008-2010 Strategic Plan
In February 2008, the CDC Board of Directors and management undertook strategic planning for a new era. In many ways, the CDC, a more than 25-year old organization, had come full circle. It had more experience and history than any other CDC in Milwaukee, yet in some ways was starting over. [Download the plan
]
Our Vision
The northwest side of Milwaukee will be transformed into a preferred destination for businesses and residents. The Northwest Side Community Development Corporation will be recognized as the organization that leads that transformation.
Our History
The Northwest Side Community Development Corporation has served the economic development needs of Milwaukee's low-income communities since being founded in 1983. The CDC has assisted with neighborhood strategic planning to improve safety, land use planning and development on the Northwest Side to spur retail growth, and numerous business and workforce development programs.
Throughout its 25-year history The CDC has innovated and adapted to changes in the community and economic development landscape. The innovation, along with the continuity of management and a strong board of directors has allowed the CDC to thrive in the face of adversity, even hostility towards the field. The CDC created Metroworks, Milwaukee's first business Incubator with the help of CBED funds in 1986, creating 90 businesses during 17 years of operation.
In the late 1990s the CDC board and management developed and began to implement a new business model for community economic development. The new model emphasizes leveraging partnerships and collaborating in business creation and real estate transactions rather than owning and managing property. With this new model the CDC has pioneered efforts to partner with large businesses such as DRS Power and Controls Technologies.
Since 2000, as a result of the new collaborative strategy, the CDC has lent over $3.2 million dollars to several major catalytic projects on the North Side creating over 500 jobs including:
- Helping to finance the second phase development at Midtown Center
- Assisting with financing of two Lena's and one Kohl's grocery store
- Creating the Milwaukee Technology Incubator Center within DRS Power Controls and Technologies
- Creating a third, smaller retail development plan with Lena's at Midtown Center
- Financing the start-up of Paradigm Sensors, the first minority owned "green tech" company in the State of Wisconsin
- Creation of a Revolving Loan Fund for 30th Street Industrial Corridor businesses
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