Retaining family supporting jobs and creating new jobs are high priorities for the Milwaukee Common Council. And Ald. Bauman has been instrumental in both during his term of office.
A survey prepared by the Council's Legislative Reference Bureau gives the aldermen high marks for what they've been able to achieve in the area of job creation. Council actions on economic development projects approved since April 2004 are expected to result in the creation of 11,187 jobs by year 2011.
"This study shows that the Common Council's economic development tools such as Tax Incremental Financing (TIF), land sales and development fund grants, are producing results in terms of job creation and business expansion," Ald. Bauman said.
In addition to actions by the Council, the Milwaukee Economic Development Corp. extended more than $61 million in loans to small businesses that resulted in the retention of 18,177 jobs.
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