What is Madison Development?
Madison Development Corporation, a non-profit entity founded in 1977, is deeply entrenched in fostering economic vitality within Dane County. The organization's dual focus on managing affordable workforce housing and providing crucial financing solutions for small businesses has yielded substantial regional benefits. To date, Madison Development has facilitated over $35 million in loans to more than 450 businesses, a testament to its role in job creation, estimated at over 5,000 positions. Concurrently, the company actively develops and manages 353 units of affordable housing, directly addressing the critical need for accessible living options for the local workforce. This comprehensive approach positions Madison Development as a key player in sustainable community development.
How much funding has Madison Development raised?
Madison Development has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for Madison Development?
With a history of substantial financial backing and a clear mandate for community impact, Madison Development is poised for continued growth and influence. The recent strategic investment, within the context of large-scale late-stage funding, suggests a strategic push towards expanding its housing portfolio or increasing its small business lending capacity. Future initiatives will likely concentrate on leveraging this capital to deepen its impact on job creation and housing affordability in Dane County, potentially exploring new development projects or enhancing existing financing programs to meet evolving community needs. The organization's sustained commitment to gap financing and quality housing development signals a forward-looking strategy aimed at long-term economic resilience.
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