MEDC

Finance · Wisconsin, United States · 11-50 Employees

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Overview

Headquarters

757 N Broadway Ste 600, Milwaukee, Wisco...

Phone Number

(414) 269-1440

Revenue

<$5 Million

Industry

Finance Local Government Lending & Brokerage
ZI Rank: 1
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ZI Rank
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About MEDC

The Milwaukee Economic Development Corporation's mission is to aid businesses in the creation and retention of jobs. The Corporation uses its loan capital to provide business loans and assist in the financing of projects that achieve that objective. Since 1971, the Milwaukee Economic Development Corporation (MEDC) has been a participating lender in thousands of investment projects in the Milwaukee area. All together, these projects have generated over one billion dollars of new investment and thousands of jobs for Milwaukee residents. For over forty years, MEDC has worked in partnership with area banks in order to provide low interest loans to Milwaukee businesses. Because of the company's commitment to continuous improvement, the company's loan fund has been able to grow to over $60 million, allowing the company to annually increase the number of businesses the company serves. The company's approach to lending has always revolved around two fundamental principles: Sharing risk with alRead more
MEDC's Social MediaPopular SearchesMilwaukee Economic Development CorpMedcMilwaukee Economic Development CMedco Campbellsville Re LLCMilwaukee Development CorpSIC Code 61,615NAICS Code 52,522Show more

MEDC Org Chart

PhoneEmail
David Latona, President at MEDC
United States flag for contact location.

President

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Company Name

Revenue

Number of Employees

Type

Funding

Founded In

Top Executive

MEDC

<$5M
11-50
Private
<$5M
1971
David Latona, President at MEDC
David LatonaPresident
$5.2M
11-50
Private
-
-
N/A
<$5M
11-50
Private
-
1998
TD
Trevina DavidsonLoan Consultant
<$5M
1-10
Private
-
-
N/A
<$5M
1-10
Private
-
-
N/A
<$5M
1-10
Private
-
2003
RW
Robert WerleManaging Director (Affiliate)
Illustration of an envelope

Company Profile Activity

i

Among all Finance companies

Low Activity

High Activity

Activity Insights

MEDC is experiencing very low activity levels compared to other companies in the Finance sector.

What does this means?

MEDC is drawing exceptional interest within the Finance industry, suggesting notable developments or strong market momentum, learn more about MEDC.

MEDC financials insights

Gather financial insights about MEDC, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.

2020

Debt

$150K

2021

Debt

$148K

See All MEDC's Financials Insights

MEDC Tech Stack

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Frequently Asked Questions Regarding MEDC

What is MEDC's official website?
MEDC's official website is www.medconline.com
What is MEDC's Revenue?
MEDC's revenue is <$5 Million
What is MEDC's SIC code?
MEDC's SIC: 61,615
What is MEDC's NAICS code?
MEDC's NAICS: 52,522
How many employees does MEDC have?
MEDC has 11-50 employees
What industry does MEDC belong to?
MEDC is in the industry of: Finance, Local, Government
What is MEDC competition?
MEDC top competitors include: Dividend America, Dividend America, Nationwide Mortgages, Coastline Capital Partners
What technology does MEDC use?
Some of the popular technologies that MEDC uses are: GoCentral, Sentry, Barracuda Networks, AppRiver
How do I contact MEDC?
MEDC contact info: Phone number: (414) 269-1440 Website: www.medconline.com
What does MEDC do?

The Milwaukee Economic Development Corporation's mission is to aid businesses in the creation and retention of jobs. The Corporation uses its loan capital to provide business loans and assist in the financing of projects that achieve that objective. Since 1971, the Milwaukee Economic Development Corporation (MEDC) has been a participating lender in... thousands of investment projects in the Milwaukee area. All together, these projects have generated over one billion dollars of new investment and thousands of jobs for Milwaukee residents. For over forty years, MEDC has worked in partnership with area banks in order to provide low interest loans to Milwaukee businesses. Because of the company's commitment to continuous improvement, the company's loan fund has been able to grow to over $60 million, allowing the company to annually increase the number of businesses the company serves. The company's approach to lending has always revolved around two fundamental principles: Sharing risk with all participants in a project, and lending in partnership with private sector financial institutions. The company assess risk similarly to conventional lenders, but the company lend out funds at a higher risk level to increase the feasibility of a project. With all of the company's loan programs, the company supports and assist minority- and woman-owned businesses. The company also work with the City of Milwaukee and the Redevelopment Authority of the City of Milwaukee (RACM) in the development and environmental remediation of commercial and industrial properties. The Corporation's activities are supervised by a Board of Directorsconsisting of Milwaukee area business men and women, as well as lenders, with the company's day-to-day governance delegated to the Board's Executive Committee. All loans are reviewed and approved by the company's Loan and Finance Committee, with land investments being reviewed and approved by the Land Resource Committee. MEDC is audited annually by Baker Tilly, LLP. Audit information is available upon ...Read More

What are MEDC social media links?
MEDC Linkedin page MEDC Twitter page
Who invested in MEDC?
MEDC has 2 investors including PPP and PPP.
Is MEDC a public company?
MEDC is private company therefore does not currently have an official ticker symbol
See more information about MEDC

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