Metropolitan Milwaukee Trade Association promises more help for startups | WUWM 89.7 FM

The largest business group in the Milwaukee area promises to focus more on financing start-ups.

The Milwaukee Metropolitan Trade Association said it is known for attracting businesses and helping them expand.

MMAC Board Member Chris Abel is a junior investor and former CEO of Milwaukee County. During Monday’s announcement, he said MMAC is now planning to expand its venture capital business to help start-ups and entrepreneurs.

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MMAC Board Member and former Milwaukee County Executive, Chris Abel, speaks during Monday’s announcement.

“We have partnered with the Wisconsin Policy Forum to help develop and then maintain the dashboard, which we will share and announce with anyone interested,” Abel said. “The idea with the dashboard is to measure, display and track activity in the startup communities.”

MMAC said that there will also be mentoring for startups and that MMAC is trying to add entrepreneurs to its board. MMAC said the initial budget for the investment startup project is close to half a million dollars over the next two years.

Traditionally, most startup money went to businesses located on the East and West Coast, and the vast majority went to white-owned businesses. But Abele said he believes there is a willingness to devote time and resources to making the financing landscape more diverse.

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