Asian Markets Phongsavan LLC, which sells traditional Hmong
clothing, Asian-themed gifts, produce and other items in
Milwaukee, is seeking a loan to help finance an expansion.
The company operates a 14,000-square-foot shop at 6300 N. 76th
St. The market was opened in 2009 by Pai Yang.
According to information filed with the Milwaukee Economic
Development Corp., Yang is looking to expand the building to
80,000 square feet. The expansion includes providing 160 vendor
stalls, and space for offices, a larger food court and events.
Yang is seeking a $418,288 loan from the MEDC for the $4.08
million project, which includes the $3.8 million construction
cost and estimated $284,000 in working capital, according to the
Asian Markets has 62 full-time and 39 part-time employees, and
the expansion would add an approximate 25 full-time and 45
part-time jobs within two years, the documents stated.
MEDC's Loan and Finance Committee will consider the loan request