What is Madison Development?
Established in 1977, Madison Development Corporation (MDC) is a cornerstone of community support in Dane County, Wisconsin. The organization's dual mission centers on developing and managing affordable workforce housing units and providing crucial financing solutions for small businesses. MDC has a proven track record, having facilitated over $35 million in loans to more than 450 businesses, directly contributing to the creation of over 5,000 jobs. Its portfolio includes 353 affordable housing units within the Madison area, reflecting a deep commitment to enhancing the region's housing landscape and fostering economic growth through job creation and accessible living options.
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
Key Investors in Madison Development
PPP
Public-Private Partnership
What's next for Madison Development?
The substantial capital infusion, particularly the recent strategic investment, positions Madison Development for continued expansion of its impactful programs. With a focus on late-stage funding, the organization is poised to further scale its operations in affordable housing development and broaden its reach in providing gap financing to small businesses. This strategic backing is expected to enhance MDC's capacity to create jobs and develop quality housing, reinforcing its vital role in the economic and social fabric of Dane County.
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