Map of the country and other cities

A First-Rate Location for Global Companies  8 Fortune 500 headquarters (5 th highest per capita in U.S.)  7 Fortune 501-1,000 headquarters, plus U.S. headquarters for GE Healthcare  4 Forbes 500 companies (largest closely-held businesses)

Manufacturing Defines Our Past

Original Uses: Shipping © 1995 John. Angelos Brownfields: History

Brownfield: History

Brownfield Financial Tools City: CDBG, MEDC Matching Grants, Façade Grants, TIF County: Brownfield Grants State: WDNR – Site Assessment Grants, Greenspace Grants, Commerce - Brownfield Grants, PECFA Federal: USEPA - Assessment & Cleanup Grants, BCRLF, Areawide Planning, Job Training HUD – BEDI, EDI

Menomonee Valley: History

The Competition’s Winning Design Menomonee Valley Industrial Center: Integrating Green Space with New Development

Economically Sustainable Job Creation & Tax Base Addition Caleffi Hydronics Derse Badger Railing Charter Wire Taylor Dynamometer Palermo Villa Ingeteam J.F. Ahern Solaris J.F. Ahern Rishi Tea

Creativity Can Take This:

To a Phoenix Award Winner for Environmental Leadership:

Financial Tools used in the MVIC TIF, Grants, Loans, and Tax Credits/Incentives… – Project Overview – $28.6 million $16.2 MM Tax Incremental Financing (TIF) District with three amendments Grants - Nineteen grants Loans – Two loans Tax Credits and Incentives

Grants - $12.4 Million State of Wisconsin Grants GrantDollar Blight Elimination & Brownfield Redevelopment 3 totaling $2.2 million Brownfield Greenspace and Public Facilities $200,000 Brownfield Site Assessment Grant$100,000 Wisconsin Coastal Management Grant2 totaling $200,000 Sustainable Use Development Zone$400,000 Financial Tools used in the MVIC

Grants - $12.4 Million Federal Grants GrantDollar Brownfield Economic Development Initiative (BEDI) $2 million Great Lakes Basin Protection2 totaling $70,000 Federal Earmarks3 totaling $2.9 million Federal Brownfields Cleanup Grant$200,000 Federal Brownfields Revolving Loan Fund Subgrant $200,000 Economic Development Administration $1.9 million Financial Tools used in the MVIC

Loans - $10.5 Million – Section 108 Loan Guarantee - $10 million Signed Agreement – 08/06 $10 MM wired to City – 10/06 Repaid with TIF 11/06 (solely to receive $2 million BEDI) – Federal Brownfields Revolving Loan Fund - $500,000 RACM to MEDC Repaid with grant Financial Tools used in the MVIC

Other Sources Soil Brokering - $1.4 million Non-profit Connection (Menomonee Valley Partners) – 3 Federal Earmarks - $650,000 – State Commerce Grant - $400,000 – Stewardship Grant Tax Credits and Incentives – Business Improvement District – New Market Tax Credits – Stormwater Maintenance Agreement Financial Tools used in the MVIC

Brownfield Project Loan and/or Subgrant Amount Projected Redevelopment Investment Projected Jobs Created/ Retained Acres Made Ready for Development Total Cleanup CostNew Development Solar Paints and Varnishes $760,000$1,400,000656$900,000Marshall Erecting Milwaukee Road Shops $690,000$60,000,0001,300130$20,000,000Menomonee Valley Industrial Center Ampco Foundry$420,000$10,000, $2,300,000Stadium Business Park Kramer International $650,000$6,500, $812,000Affordable Housing/Retail and Office Space Stockyards$1,250,000$16,000, $1,300,000Ziegler Bence/Proven Direct - Industrial Space Pfister & Vogel$1,100,000$175,000,000908$7,900,000Retail Space and The North End Condos Aelco Foundries$500,000$5,000,000553$1,500,000National Headquarters/Office Space 5th and Cherry$550,000n/a 1$862,000MEDC-owned property to be sold for redevelopment Milwaukee Fix Project $565,000$7,500,000201$765,000Mixed use/commercial/retail Bay View Apartments $680,000$13,000,000201$1,300,000Affordable housing/commercial development Century City$700,000$34,500, $7,000,000Light Industrial/Commercial Business Park The Brewery Works $1,250,000$26,000, $2,500,000Office building redevelopment Park East Two$1,000,000$22,000,000602$1,800,000Mixed use/commercial/retail $10,115,000 $376,900,0003,523266$48,939,000 Brownfield RLF Program

Demolition and new construction for company headquarters at former Aelco Foundry. Site was contaminated and developer incurred considerable environmental cleanup costs to redevelop the site RACM EPA Brownfields Revolving Loan Fund Paul Davis Restoration: $5 million total project investment $500, %7/20 Brownfield RLF Program

Paul Davis Restoration: $5 million total project investment Before After Brownfield RLF Program

New construction for multi-tenant commercial/office and light manufacturing building Green building technologies throughout Milwaukee Economic Development Corporation Site Assessment Grant for assessment ($15,650) RACM EPA Brownfields Revolving Loan Fund $565, %7/20 Milwaukee Fix/Clock Shadow Building: $7.5 million total project investment Brownfield RLF Program

Milwaukee Fix/Clock Shadow Building: $7.5 million total project investment Before After Milwaukee Fix Project – Clock Shadow Building

Presenter: Dave Misky, Assistant Executive Director, Redevelopment Authority of the City of Milwaukee: Phone: