Projects are divided into market sectors. Click on a project name for more information.
Business Description: Badger Rock School is a public charter school with a project based learning program that focuses on environmental sustainability. Three quarters of the students live in nearby neighborhoods.
Development Type: Renovation
Size of Development: 24,950 square feet
NMTC Allocation: $7 million
Total Project Cost: $7 million
Eau Claire, WI
Business Description: The Confluence Arts Center is a performing arts center located in downtown Eau Claire. The property is located where the Chippewa and the Eau Claire rivers meet. The facility features office space for Visit Eau Claire, the 1,200 seat Royal Credit Union Theater and the 400 seat Jamf Theater.
Development Type: New Construction
Size of Development: 155,000 square feet
NMTC Allocation: $6 million
Total Project Cost: $45 million
Business Description: Milwaukee World Festivals, Inc. is a non-stock, non-profit corporation that operates Milwaukee's annual eleven day Summerfest music festival and hosts other cultural festivals.
NMTC Allocation: $20 million
Total Project Cost: $42.8 million
Business Description: The Platteville Library is a unique public-private partnership that will feature a new 22,000 square foot space for the Platteville Public Library; a 43,000 square foot space, 72 room Holiday Inn Express; and a 6,500 square foot space for SW Cap Neighborhood Parters.
Size of Development: 71,500 square feet
NMTC Allocation: $10 million
Total Project Cost: $16 million
Richland Center, WI
Business Description: The Richland Center Renewable Energy, LLC is a start-up entity formed between Foremost Farms USA and Schreiber Foods, Inc. The project developed a wastewater treatment and renewable energy generation plant. The investment provided a solution to both company’s waste streams as well as an inability to increase capacity at each production facility. The facility is projected to generate up to 1.7 megawatts of renewable energy to be sold to a local utility company. The facility creates enough power to provide energy for 1,200 homes each year.
Size of Development: 261,360 square feet
NMTC Allocation: $23 million
Total Project Cost: $30.9 million
Business Description: St. Augustine Preparatory Academy is a combined elementary and secondary school with space for healthcare services. The construction of the facility led to the creation of 50 new jobs, provides students with education, and the community with healthcare services.
Size of Project: 200,000 square feet
Total Project Cost: $52.1 million
Business Description: GWOF New Markets Tax Credits were used to expand the St. Croix Chippewa Tribe judicial building in Webster. The new judicial center will increase space for a new domestic violence office, additional space for drug abuse programs and more private court rooms. WHEDA’s involvement was only one piece of a much larger project. The other aspects of the development included a 850 seat amphitheater, a grocery store, gas station and fast food restaurant, car wash and a recreational vehicle park.
Total Project Cost: $20.7 million
Business Description: Cermak is a Chicago-based supermarket chain that specializes in providing unique grocery stores in urban neighborhoods that offer to a variety of ethnic and localized foods. This new construction project was combined with the construction of new apartments as well.
NMTC Allocation: $10 million combined
Grocery StoreTotal Project Cost: $16.3 millionSize of Development: 42,000 square feet
ApartmentsTotal Project Cost: $11,177Size of Development: 16,500 square feet
Business Description: Foremost Farms USA is a dairy farmer co-op owned by 2,200 members from Wisconsin and other states in the Midwest. The cooperative's 1,000 employees process and market a variety of cheeses, whey ingredients, and butter for commercial customers located around the world. Upgrading and expanding their facilities allowed Foremost Farms to preserve 235 Wisconsin jobs and support an estimated 1,500 jobs indirectly.
Development Type: Expansion
NMTC Allocation: $25 million
Business Description: Fresh Thyme is a campus-style development featuring a grocery store, retail store, and apartment condominium units combination space. The grocery store sells fresh and natural food at low prices, while sourcing many of the products from local farmers and producers. The construction created 85 permanent jobs.
Size of Development: 29,000 square feet
NMTC Allocation: $10.5 million
Total Project Cost: $16.5 million
Business Description: The New Markets Tax Credit investment was used to replace the existing construction financing with permanent financing, including additional operating capital.
Development Type: Refinance
Size of Development: 47,238 square feet
NMTC Allocation: $3 million
Total Project Cost: $3.4 million
Business Description: Lena's Food Market is an African-American family-owned MBE (Minority Business Enterprise) grocer located on Milwaukee's north side. The expansion of the store, including retail and warehouse space, created 145 jobs in an area with over 50% minority unemployment.
Size of Development: 94,000 square feet
NMTC Allocation: $3.71 million
Total Project Cost: $3.71 million
Business Description: Link Snacks manufactures and distributes over 100 varities of meat snack products. The Minong plant serves as the company's headquarters, and employs 434 people. Expanding their product space, purchasing new equipment, upgrading their IT infrastructure, and installing a natural gas pipeline allowed them to increase production, creating 100 new jobs.
NMTC Allocation: $7.77 million
Total Project Cost: $8.4 million
La Crosse, WI
Business Description: Main Street Ingredients is the world's leading developer of functional food ingredients to the dairy, nutritional, and food industries. Originally founded as Main Street Proteins in 1989, the company later changed its name to Main Street Ingredients after accquring DMV USA's product lines, headquarters, and manufacturing plant in 1998.
Main Street Ingredients is a major economic development catalyst in La Crosse. The company provides service to facilities located in other low-income communities, including several rural co-ops and a facility in Beloit. MSI's systems are highly functional, cost effective, and custom formulated for specific applications in dairy, beverage, bakery, confection, and nutritional products.
Size of Development: 50,000 square feet
Total Project Cost: $10 million
Business Description: Menonomie Market is a local food buying club that provides high quality natural and organic products from local producers. MMFC also promotes and delivers health and wellness programs in the community such as exercise classes as well as healthy eating and cooking.
Development Type: Expansion/New Construction
Size of Development: 13,640 square feet
NMTC Allocation: $5 million
Total Project Cost: $5 million
Business Description: Nueske's Meats is a third-generation family owned business, manufacturing award winning applewood smoked meats. Expanding the manufacturing space retained 135 jobs and created 66 new, pernament jobs.
Size of Development: 137,000 square feet
NMTC Allocation: $11.5 million
Total Project Cost: $38.6 million
Business Description: New Markets Tax Credits were used to refinance existing revolving and term debt, bring past due property and sales taxes current, and to provide additional working capital to support future operations.
NMTC Allocation: $2 million
Total Project Cost: $2 million
Business Description: Access Community Health Centers (ACHC) is a federally funded, full-service clinic providing comprehensive primary medical and dental care to low- and moderate income people. In 2004, ACHC decided to renovate and expand operations at its William T. Evjue Clinic, a 15,000 sq. ft. clinic located in northeast Madison.
In 2005, ACHC used NMTCs to help provide debt financing to fund a 3,000 sq. ft. addition to the clinic. In 2005, ACHC had approximately 25,000 patients. The expansion was predicted to nearly double the number of patient visits to 45,000. As of December 2011, ACHC reported 163 FTEs and 20 part-time employees.
Since 1982, ACHC has provided quality primary health care for people living in Dane County who would otherwise be unable to access care. ACHC offers primary health care, prenatal care, pediatric services, chronic disease care, mental health services, wellness and preventive care such as well-child exams and immunizations. In addition to these services, ACHC coordinates referrals to local providers and pharmaceutical companies to help patients obtain free or low- cost medications and diagnostic testing.
Many of ACHC patients are currently under- or uninsured, as well as being racially and culturally diverse. In 2005, ACHC turned away an average of 400 people a month due to limited space and capacity.
Size of Project: 15,000 square feet
NMTC Allocation: $2.2 million
Total Project Cost: $2.2 million
Business Description: The Gerald L. Ignace Indian Health Center in Milwaukee used $5.5MM in NMTCs to build a new health center to provide services to low-income residents in the near Southside of Milwaukee with a focus on the Native American community in SE Wisconsin. The new clinic expanded the patients served by over 10,000 for a total of 18,784 last year. It is located in a community with a Median Family Income of 39.4% of Area Median Income and unemployment that is 2.16 times Net Unit Return.
Size of Project: 32,734 square feet
NMTC Allocation: $5.5 million
Total Project Cost: $5.7 million
Business Description: Logistics Health Inc. (LHI) provides cost-effective, innovative health care management to the government and commercial organizations. In 2005, LHI announced plans to develop a six-story, $11.4 million corporate center at the site of a riverfront property in La Crosse to support growth and maintain a commitment to the city and its citizens. LHI operates out of the second through fifth floors of the building, which accounts for a total of 75,000 sq. ft. of office space. The property also includes 18,000 sq. ft. of first floor commercial retail space, and over 260 parking spaces adjacent to the facility.
Size of Project: 101,000 square feet
NMTC Allocation: $4 million
Total Project Cost: $11.4 million
Business Description: Milwaukee Health Services (MHS) is a 501C (3) not-for-profit corporation that provides the full range of primary health care and ancillary services. In 2004, MHS operated two primary care clinics with 131 full-time-equivalent employees, and reported over 72,000 visits from 20,000 patients.
Development Type: Rehab
Size of Project: 31,000 square feet
NMTC Allocation: $3.5 million
Total Project Cost: $3.7 million
Business Description: The Wingra Family Medical Center project, located at 1102 South Park Street in Madison, was redeveloped on the abandoned Bancroft Dairy site by constructing a 76,000 sq. ft., four-story medical facility with 300 parking stalls that targets and serves low-income and underserved community members.
Size of Project: 76,000 square feet
Total Project Cost: $24.2 million
Business Description: Located in downtown Milwaukee, Aloft Hotel is in the heart of the Historic Third Ward, within walking distance to the scenic RiverWalk, boutiques, eateries, brewpubs and the Summerfest grounds. The hotel features loft-inspired design, state-of-the-art technology and stylish decor. Aloft is smoke-free and pet-friendly and features parking, gym, pool, restaurant, lounge and corporate meeting spaces.
Size of Development: 94,347 square feet
Total Project Cost: $27 million
Business Description: The Heritage House Hotel is a new construction project that will renovate the 100-year old, dilapidated Heritage House Inn located in downtown Kenosha. The location, also known as the Elks Club, will undergo extensive repairs, and site remediation to help restore the historic building which has been vandalized, flooded and damaged by fire. The boutique, luxury hotel will feature 80 rooms, a restaurant, bar, exercise facility and corporate conference center.
Development Type: New Construction/Renovation
Size of Development: 91,694 square feet
NMTC Allocation: $12.5 million
Total Project Cost: $25.5 million
Business Description: Opening in 2008, the Iron Horse Hotel transformed a 100-year old warehouse into a luxury, 100 room boutique hotel. The hotel is the first hotel geared towards motorcycle enthusiasts featuring secure bike parking, onsite bike wash and “the Yard”, an outdoor patio dining and gathering space. The hotel is located just steps from the Walker’s Point neighborhood shops and eateries and is also near the Harley-Davidson Museum and Summerfest grounds.
The hotel also features a fitness center, spa, pet-friendly rooms, bar, restaurant, as well as wedding and meeting spaces. In 2013, the hotel opened a retail shop featuring Iron Horse branded gift and fashion items as well as Milwaukee-specific products and foods from local merchants.
Development Type: Rennovation
Size of Development: 106,226 square feet
NMTC Allocation: $21 million
Total Project Cost: $28.5 million
Business Description: The Marriott Hotel is located in the heart of downtown Milwaukee and became the first full service hotel to be added to the city many years. The 205-room hotel is instrumental in attracting attendees to Milwaukee’s downtown convention, sporting and entertainment venues. Its construction added over 230 permanent jobs and 400 temporary construction jobs. The Marriott Hotel features onsite bar, restaurant, fitness center, pool, parking, corporate meeting rooms as well as wedding and special occasion celebration space.
Size of Development: 190,000 square feet
NMTC Allocation: $30 million
Total Project Cost: $56 million
Business Description: Exodus Machines is the first-of-its-kind scrap and recycling machine manufacturer. The 30,000 square foot facility created 21 permanent jobs. The company specializes in manufacturing a full line of products to support heavy equipment used in the recycling and demolition industry. Their products include couplers, tool adapters, stationary and portable shears, replacement blades as well as unique tool attachments and connectors that support recycling various types of machinery.
Size of Project: 30,000 square feet
NMTC Allocation: $7.5 million
Total Project Cost: $9.6 million
Business Description: Madison-Kipp Corporation is a manufacturer of precision machined components and system subassemblies, sold to customers from industries including light weight vechiles, lawn and garden, recreational vehicles and equipment, and industrial products. Through increased operational support, 355 employees were retained at locations in Madison and Sun Prairie.
Business Description: Muscoda Protein Products manufactures whey and lactose related products. The manufacturer is adjacent to Meister Cheese Company. New Markets Tax Credits were used to purchase lactose and refrigeration equipment to expand production and improve operating efficiencies. In addition, credits are also used for purchasing cheese production equipment that was leased by the manufacturer.
Development Type: Equipment
Total Project Cost: $5.4 million
Business Description: Palermo's is a manufacturer and marketer of frozen pizza products for retailers, distributors, club stores, and wholesalers throughout the United States and Canada. The manufacturer employees 590 employees.
In 2006, Palermo’s headquarters moves to Milwaukee’s beautiful Menomonee Valley. Villa Palermo, consolidated five locations and houses our corporate offices and manufacturing facility.
In 2014, Palermo’s celebrated its 50th anniversary, and pledged to donate 50,000 pizzas to food banks across the country. By the end of the tour, they delivered more than 75,000 Pizzas, feeding over 300,000 families.
Size of Development: 150,000 square feet
Total Project Cost: $27.5 million
Business Description: For over 50 years Printpack has manufactured flexible and specialty rigid packaging. Printpack has manufacturing facilities in the US, Mexico and China which enables the organization to serve over 60 markets globally, including food, medical, and non-food, with a variety of digital printing, innovative packaging structures and solutions. Upgrades to the Rhinelander, WI facility created 32 new jobs and retained 138 jobs.
Development Type: New Construction/Expansion
Size of Development: 260,000 square feet
NMTC Allocation: $12 million
Total Project Cost: $13.42 million
Business Description: Since 1958, S&S Cycle has manufactured V-twin engine parts as well as elite aftermarket accessories to improve motorcycle performance and speed. S&S distributes its products to motorcycle manufactures and enthusiasts in the US and throughout the world. In 2004, the manufacturer increased operational support at is Viola and La Crosse locations to help retain its 180 employees.
NMTC Allocation: $14 million
Total Project Cost: $27.8 million
Oconto Falls, WI
Business Description: ST Paper purchased the Oconto Falls mill in 2007 and made investments in the operation to expand its customer reach and improve production capabilities. Today it is an outsourced manufacturer of 100% recycled fiber tissue, napkin, and towel products for the paper industry and employees 95 employees. ST Paper is active in the Oconto Falls and greater Northeast Wisconsin community by supporting numerous local charities and scholarships to positively impact the lives of low-income people and those less fortunate.
Total Project Cost: $92 million
Business Description: Since 1977, Winsert, Inc. has been a steel manufacturing specializing in alloy steel castings. The manufacturer provides corrosion-resistant, wear-resistant, and high temperature alloys for various applications to original equipment manufacturers in the internal combustion engines, power generation, emission controls, industrial valves, and food processing industries. New Markets Tax Credits were used to expand the square footage of their plant and to purchase new manufacturing and research equipment.
Development Type: Expansion/Equipment
Project Size: 17,500 square feet
NMTC Allocation: $19 million
Total Project Cost: $18.4 million
Business Description: Dwell Bay View is a landmark mixed-use development located in the Bay View area of the City of Milwaukee. The property features 56 market-rate and 14 affordable-rate family apartment units along with over 9,000 sq. ft. of first-floor commercial retail space and 85 off-street parking spaces, which accommodate both tenants and retail staff and customers.
Development Type: Demolition/New Construction
Size of Project: 9,000 square feet retail space, 108,000 square foot total
NMTC Allocation: $12.9 million
Total Project Cost: $12.9 million
Business Description: GE Hotpoint was a major redevelopment project at the site of a formerly blighted, contaminated 41-acre property in the 43rd Street Corridor in West Milwaukee, WI. The site used to consist of older buildings constructed in the 1940s and 50s, which were used to construct aircraft engine parts, household appliances, and heating units, but the 685,000 square ft. plant was later abandoned.
The GE Hotpoint project plan consisted of the demolition and significant environmental remediation of the existing site, followed by the construction of a 59,000 sq. ft. Pick ‘n Save grocery store for Roundy’s Supermarkets, Inc. In 2005, WHEDA awarded $8.7 million in NMTCs to construct the Pick ‘n Save grocery store as the anchor for the redevelopment project. Funds generated from the tax credits were used to raze and remediate the GE Hotpoint facility and to build Pick n’ Save building.
The other primary tenant in the complex is a 162,000 sq. ft. Menard’s home improvement store. The site is a major contributor to the tax base of West Milwaukee, and has added approximately $20 million in tax base.
Size of Development: 73,000 square feet
NMTC Allocation: $8.7 million
Total Project Cost: $9.2 million
Business Description: Genesis Enterprise Center is a program of the Genesis Development Corporation. The center is an incubator providing below-market rental space and business assistance services for start-up and expanding small businesses. The center focuses on recruitment of minority-owned firms and seeks to stabilize and develop business tenants and create jobs for area residents.
Size of Development: 53,000 square feet
NMTC Allocation: $3.1 million
Total Project Cost: $3.1 million
Business Description: The Global Water Center is a future incubator for water technology businesses in downtown Milwaukee. The seven-story, 93,000 sq. ft. building, located at the site of a century-old vacant warehouse on W. Pittsburgh, will house research operations of Badger Meter Inc., A.O. Smith Corp., University of Wisconsin-Milwaukee's School of Freshwater Sciences and other tenants.
Size of Development: 93,000 square feet
Total Project Cost: $23.4 million
Business Description: The Mercantile Building is a commercial real estate project that involved restoring the four-story, 52,000 sq. ft. historic Alfred Uihlein Building into office and retail space in downtown Milwaukee. Initial anchor business tenants all shared industry focus within creative media, i.e. advertising, media relations and production. The woman-owned Whole Hog Productions, a Milwaukee-based branding firm, was among the original tenants. The Mercantile Building provides critical entertainment focused businesses to students of the Milwaukee Institute of Art and Design, which is a neighboring property.
Development Type: Rehab/Expansion
Size of Development: 52,000 square feet
Total Project Cost: $8 million
Business Description: The Brewery Parking Structure is an eight-level, 880-space parking garage located at the site of the 20-acre former Pabst Brewery in Milwaukee’s Park East neighborhood. The parking garage, which also features 8,000 sq. ft. of first floor retail space, provides parking accommodations for tenants living or working at “The Brewery” property.
Size of Project: 8,000 square feet retail space, 291,000 square feet total space
Total Project Cost: $16.4 million
West Allis, WI
Business Description: Summit Place was a massive, multi-year, multi-phase conversion of 650,000 square feet of old industrial buildings into commercial office space in West Allis, WI. The project involved converting the industrial buildings into 190,000 square feet of commercial office space, first level indoor parking for about 200 cars, and the expansion of 300 additional outdoor parking spaces.
Size of Project: 190,000 square feet (Commercial Space)
Total Project Cost: $22.375 million
Business Description: Superior City Center is a redevelopment of the former Superior City-County Complex into 54,200 square feet of commercial office space. The property is located in a prime location directly across from the Government Services Center, which has approximately 500 employees. The facility features modern HVAC, heated underground parking and 200 ground-level parking spots, 24-hour security, and advanced telecommunications systems. This project was a partnership between the City of Superior, Impact Seven, MetroPlains Development, Stender Family Group, US Bancorp Community Development Corporation, and WHEDA.
Size of Development: 54,200 square feet commercial space
NMTC Allocation: $3.6 million
Total Project Cost: $5.8 million
Business Description: Villager Mall is a redevelopment project that involved renovating the former Villager Center on the City of Madison’s south side. The Villager Center, originally constructed in the early 1960s, featured a mix of multiple tenant properties, both public and private, with leases of varying lengths. The 169,000 sq. ft. property was suffering from deferred maintenance and functional issues in the early 2000s, before the City stepped in to purchase the site in an effort to draw new retail tenants and services for the surrounding community. The property has brought in tenants including the Atrium, Planned Parenthood, UW Extension, Wisconsin Women’s Business Initiative Corporation (WWBIC), Madison Area Technical College, and Access Community Health.
Size of Development: 186,813 square feet
Business Description: Walgreens is the second-largest pharmacy store chain in the United States, specialiings in filling prescriptions, health and wellness products, health information, and photo services.
Size of Development: 14,700 square feet
NMTC Allocation: $5.25 million
Total Project Cost: $5.25 million
Green Bay, WI
Business Description: WaterMark was a major redevelopment project to transform a significant portion of Green Bay’s downtown waterfront into an attractive, vibrant city center. The commercial real estate project combines downtown and suburban design features and amenities in a single, multi-million dollar business campus. The WaterMark site featurse a new, expanded children’s museum, a family restaurant, a 165-stall, multi-level parking structure, and the renovation of the former Younkers department store. The redeveloped six-story building consists of first floor retail space, three to five levels of commercial office space, and two levels of warehouse-style lofts.
Size of Development: 25,000 square feet retail space, 173,000 square feet total space