Baldwin Announces Milwaukee Selected as Finalist in New Economic Development Program; Opens Door to Up to $50 Million Investment
Recompete Program was created by Baldwin-supported CHIPS and Science Act to help distressed communities create and connect people with good jobs
Grow Milwaukee Recompete Coalition receiving $500,000 planning grant and in competition for up to $50 million in economic development investment
WISCONSIN – Today, U.S. Senator Tammy Baldwin (D-WI) announced that Grow Milwaukee Recompete Plan has been selected as a finalist for a new economic development initiative, the Recompete Pilot Program. The Recompete Pilot Program was created under the Baldwin-supported CHIPS and Science Act to do targeted economic development in distressed communities and create and connect people to good jobs.
Out of 560 applicants nationwide, Grow Milwaukee was one of only 22 organizations selected to move forward in the process, allowing them to compete for up to a $50 million economic development investment. Grow Milwaukee will also receive a $500,000 Strategy Development Grant to further develop their plan. Grow Milwaukee’s focus will be centered on the 30th Street Industrial Corridor, an area with a history of segregation and business exodus that has stunted economic prosperity in the surrounding area.
“I voted for the CHIPS and Science Act to bring home manufacturing jobs and open the door to economic opportunity for Wisconsin families,” said Senator Baldwin. “I am thrilled that Milwaukee has been selected for this program, putting us on the path to connect more people with good-paying jobs, grow our Made in Wisconsin economy, and ensure that no community is left behind.”Grow Milwaukee is a consortium of Milwaukee organizations including Northwest Side Community Development Corporation, the Milwaukee Bucks, Rockwell Automation, Jonco Industries, WRTP Big Step, City of Milwaukee, and Milwaukee County that is aiming to support business growth, revitalize vacant and underutilized sites, expand small businesses, and create workforce pathways to quality jobs, including union, trades, and advanced manufacturing positions. Senator Baldwin advocated to the Biden administration for Grow Milwaukee’s application earlier this year.
The Strategy Development Grant for $500,000 can be used to hire experts, build and strengthen partnerships, conduct studies, pilot strategies, and more. This Recompete Pilot Program targets areas where prime-age (25-54 years) employment significantly trails the national average, with the goal to close this gap through large, flexible investments. More information on the Recompete Pilot Program can be found here.
An online version of this release is available here.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
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