Welcome to the Department of City Development. We promote an atmosphere where jobs can be created, neighborhoods can flourish, tourism can be maximized, and families can realize their dreams.
A year-long effort to bring Kiva Zip micro-lending to small businesses in Milwaukee has resulted in Milwaukee being named a “Kiva City.” The designation, first proposed by Mayor Tom Barrett at his 2014 State of the City address, was announced at a City Hall news conference on February 17th and was cheered at a community celebration later that day.
Kiva Zip loans are crowd-funded, meaning they are aggregated from small loans made by many individuals through Kiva’s website. Individuals can lend as little as $5 to a small business. The loans are made at zero percent interest and carry no fees. Kiva Zip borrowers are typically entrepreneurs who cannot qualify for more conventional business financing. Most lenders are endorsed by a “trustee,” a local organization or individual who can attest to the character of the borrower. To date, nearly 20 Milwaukee trustees have signed on to endorse local loans.
Kiva Zip loans are concentrated in designated Kiva Cities throughout the United States. Milwaukee is the 11th city nationwide to gain the designation. The Kiva City Milwaukee initiative was led by the Office of the Mayor, the Department of City Development and the Wisconsin Women’s Business Initiative Corporation (WWBIC), a Milwaukee-based micro-finance agency.
Villa Terrace Decorative Arts Museum, 2220 North Terrace Ave., will present “Private Spaces, Public Authority,” on view March 6 - June 7, with an opening reception Friday, March 6, from 6-8:30 p.m. The exhibition will feature architectural salvage from the former Elizabeth Plankinton mansion, now in the collection of HACM and RACM, and it will include woodwork, ceramics and glass that broadly outline Aesthetic era principles and designs. The objects come from local firms like Matthews Bros. as well as internationally known companies J & J.G. Low Art Tile of Massachusetts, Belcher Mosaic Glass of New Jersey and Hollins & Minton of Stoke-on-Trent, England. Opening night will feature a panel discussion on adaptive reuse, featuring representatives from the fields of architecture, historic preservation and city planning. The panel discussion begins at 7 p.m. and is open to the public. For more information please visit the Villa Terrace website.