Public Charity

MILWAUKEE ECONOMIC DEVELOPMENT CORPORATION

MILWAUKEE ECONOMIC DEVELOPMENT CORPORATION is a nonprofit organization categorized as Public Charity based in MILWAUKEE, WI. Its most recent IRS filing (2024) reports revenue of $7.2M, expenses of $7.1M, total assets of $139.5M. Imperigo tracks 6 reported grant relationships connected to this organization totaling approximately $38.7M.

EIN: 237129398 MILWAUKEE, WI Latest filing: 2024
Total Revenue$7.2M
Total Expenses$7.1M
Total Assets$139.5M
Grant Records6
Funding Total$38.7M
Filing Years2019–2024

Mission

MEDC PROVIDES GAP FINANCING TO BUSINESSES IN ORDER TO CREATE EMPLOYMENT OPPORTUNITIES AND INCREASE LOCAL INCOMES THROUGH THE RETENTION, EXPANSION AND DEVELOPMENT OF MANUFACTURING, SERVICE AND OTHER COMMERCIAL ESTABLISHMENTS LOCATED IN MILWAUKEE, WAUKESHA, WASHINGTON, WALWORTH, RACINE, KENOSHA AND OZAUKEE COUNTIES (COLLECTIVELY M7 REGION).

Sample Grants Received

2022
TO SUPPORT SMALL BUSINESSES RECOVERING FROM COVID-19 PANDEMIC
$20,322,500
2021
TO SUPPORT SMALL BUSINESSES RECOVERING FROM COVID-19 PANDEMIC
$18,162,515
2021
PARTIAL PAYMENT OF STOREFRONT IMPROVEMENT GRANT FOR 2202-10 CLYBOURN ST.
$12,500
$22,000
2020
General support
$5,000

Showing up to 5 of 6 total records — full history available with membership.

Officers & Directors

DIRECTOR Amelia Macareno
DIRECTOR Andy Melvin
DIRECTOR Cavalier Johnson
DIRECTOR Craig Schmutzer
PRESIDENT & SECRETARY David Latona
DIRECTOR D Patrick O'brien

Officer compensation and complete director data available with membership.

Top Grant Purposes

TO SUPPORT SMALL BUSINESSES RECOVERING FROM COVID-19 PANDEMIC
$38,485,015 2 grants
SEE PART IV
$200,000 1 grant
HOME GR/OWN
$22,000 1 grant
PARTIAL PAYMENT OF STOREFRONT IMPROVEMENT GRANT FOR 2202-10 CLYBOURN ST.
$12,500 1 grant
General support
$5,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $7.2M $7.1M $139.5M
2023 $5.0M $5.2M $133.0M
2022 $4.0M $3.9M $134.2M
2020 $4.7M $3.5M $156.9M
2019 $4.8M $4.4M $156.6M

Between 2019 and 2024, reported annual revenue grew from $4.8M to $7.2M (+52%), with total assets most recently reported at $139.5M.

Interactive year-over-year charts and full filing details available with membership.

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