Ald. Khalif Rainey
Press Release

Alderman Rainey applauds grant for Sherman Park Phoenix project

The grant comes from the U.S. Department of Health and Human Services (DHHS) Office of Community Services – Community Economic Development (CED) Program.

By - Sep 28th, 2018 09:29 am

Alderman Khalif J. Rainey congratulates Wisconsin Women’s Business Initiative Corporation (WWBIC) for receiving a $750,000 federal grant to be used in the Sherman Park area including at the Sherman Phoenix Project. Formerly a BMO Harris bank branch, the Sherman Phoenix building is a $3.5 million reinvestment into Sherman Park’s business community, with minority-owned businesses ranging from fitness centers to ice cream shops.

The grant comes from the U.S. Department of Health and Human Services (DHHS) Office of Community Services – Community Economic Development (CED) Program.

WWBIC is partnering with Sherman Phoenix LLC, to support the tenant buildout, building operations and programmatic costs. WWBIC will use a share of the grant funds to provide one-on-one technical assistance, along with financial education and coaching for those entrepreneurs and their employees.

“WWBIC’s approach reflects my own philosophy on the importance of investing in inclusive pathways to economic opportunity for our neighborhoods and families,” said Alderman Rainey. Alderman Rainey, who chairs the Zoning, Neighborhoods, & Development Committee, advocated for the creation of the Sherman Phoenix tax-incremental financing (TIF) district. The Common Council supported the revitalization by establishing a TIF which awarded the project a $225,000 grant to begin redevelopment.

The Sherman Phoenix project is expected to be completed by this fall. To learn more about the tenants of the project, visit https://www.shermanphoenix.com/tenants.

Mentioned in This Press Release

Recent Press Releases by Ald. Khalif Rainey

Public Father’s Day celebration for the community this Sunday

The event will feature free haircuts for fathers and sons, complimentary food and non-alcoholic beverages, horse rides, raffle prizes, live entertainment and informational vendors representing various entities within the community.

Infant’s homicide a loss for the family and for the community

Statement of Alderman Khalif J. Rainey June 11, 2019

Protecting our kids from gun violence is paramount

Statement of Alderman Khalif J. Rainey April 22, 2019

Leave a Reply

You must be an Urban Milwaukee member to leave a comment. Membership, which includes a host of perks, including an ad-free website, tickets to marquee events like Summerfest, the Wisconsin State Fair and the Florentine Opera, a better photo browser and access to members-only, behind-the-scenes tours, starts at $9/month. Learn more.

Join now and cancel anytime.

If you are an existing member, sign-in to leave a comment.

Have questions? Need to report an error? Contact Us