UWM Real Estate Foundation using WEDC environmental grant for construction of new business accelerator building in Wauwatosa
WEDC Brownfield grant will reimburse soil management costs during construction
MADISON, WI – June 6, 2013 – (RealEstateRama) — The UWM Real Estate Foundation, Inc. will receive a $205,850 Brownfield Program award from the Wisconsin Economic Development Corporation (WEDC) to assist in the environmental remediation at the site of the University of Wisconsin-Milwaukee’s new Innovation Campus in Wauwatosa.
The grant will reimburse UWM Real Estate Foundation for contamination soil management, environmental monitoring and infrastructure improvements.
The new 25,000 square foot building, called the Institute for Industrial Innovation, is the first building being constructed on the University’s Innovation Campus. This building will serve as a business accelerator facility and provide leading edge laboratories for a variety of academic and industrial researchers.
UWM Real Estate Foundation and the City of Wauwatosa have worked closely for the past six years to develop plans for the Innovation Campus.
The Brownfield Program provides funding to assist local governments, businesses and individuals with assessing and remediating the environmental contamination of an abandoned, idle or underused industrial or commercial facility or site.
About Wisconsin Economic Development Corporation
The Wisconsin Economic Development Corporation (WEDC) leads economic development efforts for the state by advancing Wisconsin’s business climate. WEDC nurtures business growth and job creation by providing resources, technical support and financial assistance to companies, partners and communities in Wisconsin. WEDC has four focus areas: business and industry development, economic and community development, entrepreneurship and innovation and international business development. Together with more than 600 regional and local business development partners, it represents a highly responsive and coordinated network. Visit www.inwisconsin.com or follow WEDC on Twitter @_InWisconsin to learn more.
MEDIA CONTACT
Tom Thieding
Communications Manager
608.210.6767
Tom.Thieding (at) wedc (dot) org
