The state of Wisconsin has announced that $100 million dollars will be allocated towards the expansion of new businesses, the creation of jobs and improving the housing industry.
The majority of the brand new jobs that will be created will help out the community of Milwaukee.
Governor Scott Walker elaborated on how the program will be called “Transform Milwaukee” and will utilize resources from development agencies and many state agencies.
The Transform Milwaukee program will also include:
- Occupying vacant and foreclosed properties
- Providing a wide range of loans and funding for new businesses that establish themselves
- Improving the freight industry
Governor Scott Walker also stated that new houses can begin to be constructed in the state of Wisconsin but creating new jobs will be the number one priority as the community needs to have some form of standard of living. The creation of a job center is also being debated as the skills of many of the workers need to be properly upgraded. The “Transform Milwaukee” plan will focus upon assisting the regions of South and North Milwaukee but will pinpoint the particular region of 30th St. Corridor. The area of 30th Street was affected in a negative manner as they were devastated by a high rate of unemployment and de-industrialization.
Many of the local factories in the 30th St. Corridor are now vacant as the economic depression hit the region of Milwaukee. The Governor pinpoints that assisting the region of Milwaukee will be the catalyst for helping out the entire state of Wisconsin. Assisting the area of Milwaukee will also lessen the burden on the local taxpayers. Many of the local leaders stated that the program has already started but due to the foreclosure crisis and other complications, the plan was halted during the time period.
Overall, the $100 million dollars in funds will positively affect the state of Wisconsin.