Number
030790
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. PRATT and JOE DAVIS
Title
Substitute resolution expressing support for the Initiative for a Competitive Milwaukee.
Analysis
This resolution expresses the Common Council's support for the strategies and recommendations developed by the Initiative for a Competitive Milwaukee in its final report, A Call for Action: Initiative for a Competitive Milwaukee, and pledges the City's cooperation to achieve the goals set forth in this report.
Body
Whereas, Milwaukee's inner city has an employment rate of 88% compared with 95 % for the metropolitan area, and a median annual income of $27,000, falling well below the metropolitan area's median income of $46,000; and
Whereas, Approximately 27% of inner city residents live in poverty compared with 11% for the metropolitan area; and
Whereas, Milwaukee's inner city has considerable strengths which the more than 5,000 businesses employing more than 120,000 people already recognize; and
Whereas, The Initiative for a Competitive Milwaukee (ICM) )is a partnership of business, government, education, labor and foundations aimed at helping to create new economic opportunities in Milwaukee's low-income inner city neighborhoods; and
Whereas, This program was developed in cooperation with the Boston-based nonprofit organization Initiative for a Competitive Inner City, which is working to revitalize inner cities across the country; and
Whereas, ICM will seek to identify and build the inner city's advantages as a business location in order to draw jobs that carry livable wages by attracting businesses and investments into the area; and
Whereas, ICM will promote business opportunities in 4 business clusters: health services, the largest inner city industry in the terms of employment; construction and development; business process services; and manufacturing; and
Whereas, ICM has developed strategies and recommendations for enhancing the econ...
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