Community & Economic Development Committee - Dec 6th, 2007 Meeting Notes...

Milwaukee Department of City Development Commissioner Rocky Marcoux presented a report, file number 070876, on the progress of the Milwaukee 7 initiative. He highlighted the group's efforts which included 425 site visits, helping to maintain some 2300+ jobs and creating 3300+ news jobs. Another significant highlight of the Milwaukee 7's progress was the creation of an Immigrant Investment Zone. It gives immigrants permanent resident status if they invest $1,000,000 in new business within the investment zone. During the discussion of the Immigrant Investment Zone a question from the committee asked Rocky Marcoux about the possibility of a new World Trade Center building being constructed in Milwaukee. He responded by saying “There’s obviously going to be a cost associated with that, but I think that it will pay big dividends.” Alderman Tony Zielinski brought forward a resolution, file number 071136, directing the Office of Environmental Sustainability to study the feasibility of city financing of solar installations. The plan, based on a study in Berkeley, CA, would fund low interest loans to cover the initial capital costs of installing solar panels allowing for wider adoption of this technology. The Environmental Sustainability Director Ann Beier pointed out that as the use of solar panels grows in new construction that "we know there will be a demand for solar installers in the future". Making the point that this is a program that not only looks at reducing pollution but this plan could lead to new job growth in an emerging market and new development.