MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION
Mission Statement
The Martin Luther King Economic Development Corporation (MLKEDC) works to strengthen Milwaukee's historic Harambee and King Drive communities through equitable development, affordable housing, and revitalized public spaces that reflect the culture, pride, and aspirations of the people who live there. Founded to counter decades of disinvestment, MLKEDC advances a community-rooted model of neighborhood renewal — one that pairs housing and commercial development with meaningful resident engagement, accessible public amenities, and opportunities for connection, creativity, and economic stability. Our mission is to ensure that long-term residents, families, and small businesses can thrive in place and shape the future of their neighborhood. By investing in people, place, and community, MLKEDC builds pathways to homeownership, activates shared spaces, and fosters a vibrant, inclusive environment where everyone belongs.
Financial Overview — FY 2023
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $966K | $1.1M | N/A | — | 2 |
| 2022 | $1.2M | $1.1M | N/A | — | 2 |
| 2021 | $1.1M | $1.4M | N/A | — | 2 |
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