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The City of Milwaukee and the Common Council have a job creation "toolbox" to help foster development and economic growth, and Ald. Puente has helped open up that toolbox to benefit the 9th District and its residents.
Primarily, the city uses tax incremental financing (TIF), bonds, loans and land sales to help create jobs. "I've been diligent at working to create jobs and economic development in the 9th District, and I've also voted to approve similar efforts in other parts of the city, because each job created benefits the entire city and many 9th District residents can benefit from newly created jobs that are outside the district but still in the city," he said.
Here are some recent examples of 9th District projects that have created new jobs and growth:
Cintas Laundry relocation
6300 W. Mill Rd.
City property sold to Cintas Laundry for construction of new industrial laundry facility in Milwaukee. Impact: 125 new jobs, 57,000 square feet of commercial/industrial space added, $8.5 million in private investment.
Direct Supply expansion
Industrial Rd.
Established $13.3 million tax incremental financing district to assist Direct Supply to expand significantly at its current location. Impact: 525 new jobs and 635 jobs retained, 498,000 sq ft. of new commercial/industrial space added, $64.2 million in private investment.
Job Corps Center Campus
60th & Green Tree Rd.
Redevelopment Authority of the City of Milwaukee (RACM) acquired the land and then sold a portion to the U.S. Dept. of Labor for a federal Job Corps facility with educational buildings, dormitory, cafeteria and recreational facilities serving 250 students with job training and connections to employment. Impact: 80 new jobs at the facility, 250 students at a time getting ready to work.
Milwaukee River View subdivision
99th & Bradley Rd.
Sold 21-acres of Redevelopment Authority land for a 57-lot single-family subdivision.
Impact: Construction jobs, 57 new units of housing and $12 million in private investment.
Mortara Instruments expansion
8730 W. Port Ave.
The city issued a $4 million industrial revenue bond and Milwaukee Economic Development Corp. (MEDC) issued a $1 million loan to support 26,000 square foot expansion of this growing company. Impact: 50 new jobs, 100 jobs retained. Private investment: $5 million. |