6/29/2009 | 0 |
COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE
| RECOMMENDED FOR PLACING ON FILE
Minutes note: Individual appearing:
Patrick Walsh, President, Milwaukee Economic Development Corporation
MEDC was awarded fifty million dollars in new market tax credits to distribute in the community.
Mr. Walsh says that MEDC remains strong and stable in this economy and it is currently managing 250 loans.
Mr. Walsh says that the default rate on the loans provided is on par with those of regular banks. | Pass | 5:0 |
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