Walker announces $100M for Milwaukee development

MILWAUKEE (AP) - Gov. Scott Walker has announced a $100 million initiative to upgrade a poor section of Milwaukee, in a bid to encourage business growth.

Walker said Monday the investment from state agencies and other investors will help attract companies and at least 2,000 jobs in coming years.

The five-part plan includes developing vacant business properties and improving transportation infrastructure.

Milwaukee has been especially hard-hit in recent years. While that state's unemployment rate is 6.8%, unemployment in Milwaukee has remained around or above 10%.

Walker says the Wisconsin Housing and Economic Development Authority, or WHEDA, will invest $100 million in the project. The resources will include federal tax credits, business-development loans and residential mortgage loans.

Wisconsin HeadlinesWisconsin HeadlinesMore>>
GOP's Walker touts state ties during trip to Iowa
GOP's Walker touts state ties during trip to Iowa
Wisconsin's Republican governor, Scott Walker, is introducing himself to Iowa Republicans as would-be presidential candidates often do - as one of their own.More >>
Wisconsin's Republican governor, Scott Walker, is introducing himself to Iowa Republicans as would-be presidential candidates often do - as one of their own.More >>
Wis. committee to weigh in on proposed UW funding
Wis. committee to weigh in on proposed UW funding
The Legislature's budget-writing committee is expected to approve Gov. Scott Walker's plan to freeze University of Wisconsin System tuition for two years and slash a planned spending increase for system...More >>
The Legislature's budget-writing committee is expected to approve Gov. Scott Walker's plan to freeze University of Wisconsin System tuition for two years and slash a planned spending increase for system schools.More >>
Wis. lawmakers to consider rent-to-own budget plan
Wis. lawmakers to consider rent-to-own budget plan
The Legislature's finance committee is set to decide whether to exempt rent-to-own stores from Wisconsin's consumer protection laws.More >>
The Legislature's finance committee is set to decide whether to exempt rent-to-own stores from Wisconsin's consumer protection laws.More >>
Wis. budget committee to take up DNA upon arrest
Wis. budget committee to take up DNA upon arrest
The Legislature's powerful finance committee is expected to review Gov. Scott Walker's plan to take DNA from anyone arrested for a felony and anyone convicted of any crime.More >>
The Legislature's powerful finance committee is expected to review Gov. Scott Walker's plan to take DNA from anyone arrested for a felony and anyone convicted of any crime.More >>
Wisconsin monk out on bail in Illinois case
Wisconsin monk out on bail in Illinois case
A Benedictine monk from Wisconsin who faces charges he tried to abduct four Illinois girls has been released on bond.More >>
A Benedictine monk from Wisconsin who faces charges he tried to abduct four Illinois girls has been released on bond.More >>

Walker announces $100M for Milwaukee development - WXOW News 19 La Crosse, WI – News, Weather and Sports |

Walker announces $100M for Milwaukee development

Wisconsin HeadlinesWisconsin HeadlinesMore>>