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Economic Development |
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working to revitalize the neighborhood
commercial districts Contact: Sara Puls at 383-9038 2514 |
Economic Development Showcase Development Project Archives
Through the leadership of Supervisor Diliberti and Alderman
Murphy, LBWN’s Economic Development Initiative received funding in part
through a City of Milwaukee and Milwaukee County grant of federal community
development funds. The Initiative was created in January 2001 out of the need to
increase the economic stability and vitality of the neighborhood. In 2001 the
initiative accomplished the following goals:
 | Conducted a neighborhood consumer survey. |
| Completed a neighborhood market analysis. |
| Began the creation of a five-year economic development strategic plan. |
| Developed a database containing current information of businesses and vacant commercial properties. |
| Created a neighborhood business directory for local resident use and for promotion of commercial districts businesses. |
| Recruited 2 new businesses into the neighborhood. |
| Provided technical assistance to existing and potential businesses. |
| Created architectural landscaping and street-scaping designs for National Avenue |
| Collaborated efforts with other Economic Development Coordinators and community development associations. |
Goal:
Effective commercial district revitalization by:
| Working to recruit compatible businesses into commercial building vacancies |
| Providing technical assistance to existing business owners |
| Enhancing the appearance of the commercial districts and the building facades |
| Marketing the commercial districts |
| Decreasing crime and the perception of crime |
| Increasing the communication among business owners |
| Creating an identity for the commercial districts |
| Empowering business owners to take stake in their commercial district |
Outcomes:
Mid Term
| Increase job opportunities for local residents |
| Increase economic stability of neighborhood commercial districts |
| Enhance the appearance of business districts |
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Encourage private investment through coordination with private and
public matching fund |
| Reduce crime |
| Increase property values |
| Increase economic stability |
| Increase economic vitality |
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Improve neighborhood quality of life |
Residents, you can help:
| Support your local businesses. |
| Promote the businesses in the neighborhood to friends, family, coworkers. |
| Contact LBWN with business ideas for the neighborhood. |
| Contact LBWN with names of business owners and/or entrepreneurs interested in opening a business in the neighborhood. |
| Keep an eye on local businesses. Watch for graffiti, trash, illegal activity and report it to LBWN. |
| Get involved in LBWN Join the Economic Development Advisory Committee. |
Entrepreneurs, we can help you:
| Bring your business to the neighborhood |
| Start a new business in the neighborhood |
| Find a vacancy in the neighborhood |
| Find loans |
| Connect you to classes that could help you create your business plan |
| Locate and secure grants |
| Market your business |
| Include your business in our neighborhood directory |
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Resources for Small Business Owners for information and assistance contact: Sara Puls at 383-9038 x. 2511 |
Loans:
Lincoln Neighborhood Redevelopment Corporation:Loans at a low interest rate for small business owners
Milwaukee Economic Development Corporation (MEDC):
Capital Access Program
Target Loan Program
Small Business Administration:
7(a) Loan Guaranty Program
7(m) MicroLoan Program
504 Certified Development Company Program
Wisconsin Dept. of Commerce:
Minority Business Development Loan Program
Wisconsin Women’s Business Initiative Corp.(WWBIC):
Small Business Loan Programs and Services
Grants:
Department of City Development:
Retail Investment Fund Program Façade Grant Program Capital Improvements Fund Rental Rehabilitation Program
Wisconsin Dept. of Commerce:
Early Planning Grant
Classes
/Workshops/Training:WWBIC
= Business Classes: Business Planning, Business Financing, Business Development WorkshopsSBDC
= First Steps Workshops, The Entrepreneurial Training Program (12 week series)SCORE
= Business Basics (Four seminars)-return to TOC-
