Milwaukee's Asian Market Phongsavan is seeking a state grant for
a $4.1 million expansion.
The expansion, which includes building a 70,580-square-foot
building near its existing indoor market at North 76th Street
and West Mill Road in Milwaukee, is expected to create nearly
270 jobs. Plans for the building would include a public
market-style retail space and basketball courts on the first
Additionally, the second floor would have office space for a
pharmacy, medical clinic and professional service companies.
Financing for the project will come from a few different
sources. The Milwaukee Economic Development Corp. has approved a
$418,281 loan and Brookfield’s Ridgestone Bank is servicing a
project loan that is backed by the U.S. Small Business
Asian Market, which was founded in 2008 and is in a
14,000-square-foot building, also plans to apply for a $250,000
loan from the Wisconsin Economic Development Corp. for the
On Monday, the Milwaukee County Board’s Economic and Community
Development Committee voted to have Milwaukee County support the
Asian Market’s WEDC loan application. The full County Board on
April 24 will consider the item.