UWM is one of two public doctoral research universities in the state. More than 1,600 faculty and instructional staff engage in a wide range of research leading to discoveries that enhance the quality of life for the people of Wisconsin.
UWM offers more than 30,500 students a comprehensive liberal arts and professional education through its 180 degree programs. In addition to the university’s main 104-acre campus located on Milwaukee’s East Side, UWM properties in Greater Milwaukee include Innovation Campus in Wauwatosa, the Lake Michigan inner-harbor School of Freshwater Sciences and downtown development of the School of Public Health.
UWM Real Estate Foundation
UWM Innovation Park, LLC, is wholly owned and controlled by the UWM Real Estate Foundation, the primary developer of the property. The Real Estate Foundation partners with the public and private sectors to develop and hold real estate for the benefit of UWM.
A significant portion of the Innovation Campus property is reserved for private-sector development, providing space for companies interested in partnering with UWM or any other academic institutions or research-intensive industries. The Real Estate Foundation is actively seeking partners who could access the wide array of federal, state and private funding programs available for this type of development.
The UWM Real Estate Foundation would like to acknowledge the role of these governmental agencies who lent their support to the Innovation Campus project during its four-year establishment process.
City of Wauwatosa: The city’s Common Council approved the creation of a tax-incremental financing district for the Innovation Campus. By creating the district, the city can borrow up to $12 million to invest in streets and utilities to serve the Innovation Campus property. The debt will be paid off by future property taxes on developments on the campus. City officials also integrated the campus into the area’s future comprehensive plan.
Economic Development Administration, U.S. Department of Commerce: In September 2010, this federal agency announced a $5.4 million grant to the City of Wauwatosa and the UWM Real Estate Foundation to construct a 25,000-square-foot “business accelerator” building and make related site improvements for roads and utilities to serve the site.
The Milwaukee County Executive and Milwaukee County Board of Supervisors: Milwaukee County has embraced the concept of the UWM Innovation Campus from the beginning. The executive and board went to great lengths to negotiate the sale of the property to the UWM Real Estate Foundation while ensuring that the public needs were fully vetted and all precautions were taken to protect the public good.