The City works with eligible manufacturing businesses to secure industrial revenue bonds to promote their growth in West Allis. These bonds are allocated by the Wisconsin Economic Development Corporation, which allocates to the city to sell bonds on behalf of the developer.
Proceeds then go to the business to finance their project with the recipient being directly responsible for repayment. Industrial Revenue Bonds are a good tool for larger projects that need substantial funding for start-up or expansion. The Department of Development will work with the business to obtain the necessary Common Council resolutions and assist with the applications to the State of Wisconsin.