Northwest Side Community Development Corporation (NWSCDC)

logo
4201 N 27th St, 7th Fl Milwaukee, WI 53216
Visit our website

Through our programs and partnerships, NWSCDC works to make business financing more accessible, educate entrepreneurs on best practices in business, and bring sustainable jobs to underserved communities.

Visit our profile on

logo

Mission

We exist to create economic opportunities, build partnerships and strengthen communities on the Northwest Side of Milwaukee.

Storytelling

In 2021, NWSCDC helped to facilitate the transfer of ownership of the only Black woman-owned gas station in Wisconsin. NWSCDC introduced the seller to the buyer, another Black woman entrepreneur, who ultimately purchased the business with financing assistance from NWSCDC in the form of a $893K loan. The buyer also used portions of the funding to replace the underground fuel storage tanks and renovate the pumps and much of the interior of the gas station, which now has a new food take-out operation. It is unlikely that a bank would have financed this deal (environmental risks of older gas stations are generally avoided by banks). It also could have been difficult for the seller to find another local Black woman buyer, if not for the connection provided by NWSCDC.

In another example, NWSCDC helped a Black, family-owned startup break into the trucking industry. We financed the startup in 2020 with $200,000 for leases on trucks in order for the business to qualify for a FedEx delivery contract. The owner couple have extensive leadership experience but were new to the trucking and logistics industry. They were attracted to the industry for its ‚recession-proof nature. We worked with the owners for a full year on refining and updating their business plan in order to get to a place where the financing made sense, the FedEx requirements would be satisfied, and the business was set up for success. Since closing, NWSCDC has continued to deliver business coaching and technical assistance.

Our Impact (2022)

170 individuals served

20 funding partners

Use the icons to explore our impact metrics.

Access to Capital

Providing entrepreneurs capital in order to start and/or grow their business. (i.e. direct lending or grant programs for small businesses)

Removal of Barriers

Providing support to entrepreneurs to empower them and become more educated business owners (i.e. general business support, training in accessing procurement).

  • 9 Total number of loans awarded

  • 3,433,500 Total dollar amount of loans dispersed

  • 23 Total number of grants awarded

  • 499,375 Total amout of grants dispersed

  • 170 Total number of individual (1:1) technical assistance sessions conducted

  • 345 Total number of hours spent providing technical assistance

Type of Organization

  • Lending Institution

Locations Served

  • Wisconsin

Key Programs and Initiatives

  • Eighty+5

Types of Offerings

  • 1 to 1 business advising
  • Mentoring/coaching
  • Cohort Training Programs
  • Financing
  • Technical Assistance

Program Delivery

  • Hybrid (in person/virtual)

Members of the Black Community Served

Locations of Members of the Black Community Served

  • Low-income areas
  • Low to moderate income areas
  • Suburban areas
  • Urban areas

Targeted Entrepreneur Segments

  • Agriculture
  • Forestry
  • Fishing and Hunting
  • Construction
  • Transportation & Logistics
  • Scientific and Technical Services
  • Health Care & Social Services
  • Accommodation & Food Services

Business Stage

  • Start Up : a young business that is just beginning to develop and determine a market fit.

  • Stay Up : a business that has determined its market fit, but its product/service has not been validated nor has it achieved sustainability.

Cost of Programs

  • Free