What We Do: Services

Employer Assisted Home
Ownership Initiative

Havenwoods Economic Development Corporation offers a homeownership incentive to the employees of HEDC business members. Employees have access to homeownership counseling, workshops, and financial assistance for home buying. This program is brought to Havenwoods through a partnership with Select Milwaukee Homeownership Programs.

New Business Incentives from
Havenwoods Business Improvement District

1. Employer Assisted Homeownership
2. Havenwoods Façade Grant Program
3. Graffitti Abatement

Assistance with accessing Business Incentives

Milwaukee Redevelopment Authority Tax Exempt Bond Program

• Federal and State Tax–Exempt industrial revenue bonds can finance land, building acquisition,
  new construction, renovation, and equipment.
• Limited to manufacturing projects; $10,000,000 per project.
• Credit enhancement provided by letter–of–credit from borrower’s bank.
• Fixed interest rates: 4.5% – 5.0%; (6/02) Variable Rates 1.50% – 1.60% (6/02

Milwaukee Economic Development Corporation (MEDC)

• Subordinated loans for 25%–40% of project cost.
• Available for equipment, construction, renovation.
•  6% interest rate.
• $500,000 maximum loan amount.
• 10% equity required.

Community Development Zone Tax Credits
For projects in all industrially zoned areas of the City:

• Non–refundable Wisconsin income tax credit of up to $8,000 for full–time jobs filled by members of
  target groups: W-2, dislocated workers, etc.
• Non–refundable income tax credit of up to $6,000 for all other new hires.
• Non–refundable income tax credit of 50% of the cost of environmental remediation.
• Zones exist for 7 years; credits have carry–forward provisions for 15 years.

Customized Labor Training Grants

• Training on new technologies and production processes.
• May be in classroom or on production floor during periods of non–production.
• Expenses include trainee wages, training materials, trainer costs. Cost of OJT not eligible.
• Grant of 50% of eligible cost, up to $2,500 per employee.

Technology Zone Tax Credits

• Tax credits to offset up to three years of Wisconsin sales, income, and property taxes for new or expanding
  businesses engaged in certain high-technology business clusters.
• Clusters include factory automation, biotechnology, computer hardware and software, medical diagnostics,
  pharmaceuticals, photonics, telecommunications, and others.

GRANT PROGRAMS:

Brownfield Site Assessment Matching Grant Program
Up to $25,000 is available to existing or potential property owners as matching funds for site assessment, confirmatory sampling and remedial action plans for sites located in the City of Milwaukee with a proposed redevelopment project.

Facade Improvement Grants
The City of Milwaukee provides matching grants of 50% or $5,000 to commercial businesses to improve the street facing exterior of commercial buildings . Eligible projects are signage, window treatments, awnings, and historic restoration. More Info