Category: Updates

Madison Public Market Foundation Announces the Hiring of New CEO

Posted on by Admin

The Board of Directors of the Madison Public Market Foundation (MPMF) is pleased to announce that Keisha N. Harrison has been selected to serve as the Market’s first Chief Executive Officer (CEO). In this role, Harrison will have responsibility for shepherding the final phases of the facility construction, lead the tenant build-out phase, and establish the Madison Public Market as the premier regional market location. She will provide strategic, operational, and financial leadership while fulfilling the mission and vision of the MPMF and the Market – to create a vibrant, year-round public marketplace where entrepreneurs and businesses owned and operated by women, first generation immigrants and people of color can get their start.

Harrison leaves her role serving as the Executive Director of the Indianapolis City Market Corporation. She led activities related to the operation and restoration of the historic city market. Duties included implementation of policies and procedures, vendor leasing operations, stakeholder collaboration, budget development and monitoring, strategic planning and organizing special events. Harrison worked to improve food access for the community with responsibility for a weekly farmers’ market operating alongside the City Market. She received her Bachelor of Arts degree in English at Dartmouth College and her Master of Science degree in Library and Information Science at University of Illinois at Urbana-Champaign.

“I’m thrilled to join the vibrant community of Madison as CEO of the Madison Public Market Foundation. Together, we will create a dynamic and inclusive space that celebrates local food and entrepreneurship, and brings fresh opportunities to our city,” Harrison said.

Karen Crossley, President of the Madison Public Market Foundation, is pleased that this important element of the long-awaited project has come to fruition. “On behalf of the Madison Public Market Foundation that will serve as the Market’s operator, the City of Madison and the community at large, we are beyond thrilled to introduce Keisha Harrison as the Madison Public Market’s first Chief Executive Officer. Keisha brings abundant skills and talents to this position, and is enthusiastically and fully committed to bringing our shared community vision for the Market to life.”

The Madison Public Market Foundation (MPMF), a 501(c)3 organization, has been working closely with the City of Madison, community leaders and engaged local citizens for nearly two decades to build a Public Market. The Madison Public Market promises to be an inclusive, lively marketplace highlighting much of what makes the Madison community so special: locally grown and prepared delicious food, refreshing beverages and handcrafted artwork, jewelry, wearables, and collectibles. The Market will be a vibrant, year-round public marketplace where new entrepreneurs and long-established Madison favorites grow their businesses and achieve success.

The Market’s TruStage MarketReady Hall will house a food -oriented entrepreneurship and business center that will support small business owners who wish to grow, scale, and create food-related products. TruStage MarketReady Hall entrepreneurs will be offered shared, affordable access to commercial food production equipment and infrastructure that are often beyond the reach of typical low-capital start-ups.

The City of Madison is currently repurposing the former Fleet Service Building at the high-traffic corner of First and East Johnson Streets along the bustling East Washington corridor in downtown Madison. Following national best practices among the nation’s large public markets, the city will maintain ownership of the building while the MPMF will oversee the daily operation of the Market.

The former Fleet Services Building, located at 200 N. First Street dates back to the 1950s. It boasts a large open space with 45,000 square feet to house up to 30 permanent vendors, 100+ seasonal/temporary vendors annually, areas to host public/private events, a commercial kitchen, and large garage doors to welcome an open-air breeze during warmer months. Situated on 3.5 acres, the site will accommodate outdoor seating, live entertainment, food carts, and parking. To date, more than 230 applicants have expressed interest in vending within the Market.

MPMF is under the direction of a committed 16-member Board of Directors and is expected to have an initial operating budget of just over $1MM. The CEO position is MPMF’s first hire, the initial step in building a talented and dedicated team to carry out the mission and strategy of the organization. The Market is projected to attract 500,000+ visitors each year, support 130+ local businesses, create 100 jobs, and generate $16 million in local sales annually. The renovation was initiated in December of 2023 and the Market is currently scheduled to open in late Spring 2025.

Harrison will begin her position as CEO in mid-July. The Madison Public Market Foundation will notify the press and the community when she will be available for interviews after her start date. In the interim, Karen Crossley, President of the Madison Public Market, is available for interviews.

Construction Update – June 2024

Posted on by James Shulkin

Progress continues inside and outside the Madison Public Market building. Photos show in order 1) Exterior view from East Johnson Street. This will be one of the entrances to the Market Hall, where visitors will enjoy the offerings of 30+ vendors. 2) A view inside Market Hall. 3) A view from the Mezzanine looking down onto TruStage MarketReady Hall, the new entrepreneur center where start up businesses will manufacture, process and package their food products. 4) Another view of TruStage MarketReady Hall. This part of the building will also host special events, entertainment and other fun offerings. 5) One more view of Market Hall, the actual “public market” space. This view is again from the Mezzanine, looking towards East Johnson Street at the right and the back parking lot to the left. The white pipes in the floor are where some of the food vendors will be located. The Mezzanine will host public seating, offices and bathroom facilities. 6) This view is from TruStage MarketReady Hall looking down a public corridor space that crosses under the Mezzanine into Market Hall. The blue wall at the very end will be a glass doorway opening to East Johnson Street. We are very much on track for a May 2025 opening for the Market.

Construction Update – May 2024

Posted on by James Shulkin

According to the City of Madison Department of Engineering staff, renovations for the Madison Public Market are proceeding on time and without unexpected surprises. At this time, 99% of concrete work has been completed, which involved removing and replacing the cement floors throughout the 45,000 sq. ft. building. The floors needed to be removed to accommodate plumbing, sewer lines and other essential components. Daniels Construction has completed the elevator shaft (first floor to mezzanine), and the back lot is now ready for re-paving. We are still on track for an opening in early Summer, 2025.

Madison Public Market Foundation, TruStage and supporters celebrate Equity Through Entrepreneurship, highlighting the first MPM Vendors

Posted on by Admin

Media Release | February 20, 2024

Madison, WI — The Madison Public Market Foundation and TruStage hosted a special gathering on February 20, 5-7 p.m. at TruStage (5910 Mineral Point Road) to bring Public Market donors, volunteers, diverse vendors, local officials, and other supporters together in celebration of the Madison Public Market moving forward to a Spring 2025 opening. The first four confirmed vendors of the Public Market will provide a variety of multicultural fare and talk about their businesses with attendees. This is the first time the Madison Public Market Foundation has hosted a large gathering to highlight the initial confirmed vendors and experience the equity and cultural connection that the Public Market will offer.

“For two decades, thousands of people from across Madison have played an important role in shaping the vision and actively supporting the development of the Public Market. The Madison Public Market Foundation is grateful for the continued community commitment to the project, and we appreciate our partner TruStage for helping us make the Market a reality,” said Karen Crossley, Madison Public Market Foundation Board President.

TruStage, the Madison Public Market Foundation’s largest private donor, graciously agreed to host and sponsor the celebration. TruStage provided a foundational gift to support the creation of TruStage MarketReady Hall inside the Madison Public Market. The vision for TruStage MarketReady Hall is to reduce barriers to entrepreneurship through shared food production space and a community event hall. TruStage MarketReady Hall will provide affordable access to commercial food-processing equipment and culturally-relevant entrepreneurial trainings, where diverse entrepreneurs can grow their products.

“At TruStage we are committed to making a brighter financial future accessible to everyone,” said TruStage President and CEO, Terrance Williams. “Many entrepreneurs dream of scaling up their business but face insurmountable barriers when dealing with the high cost to access commercial kitchen facilities. The TruStage MarketReady Hall will help remove that barrier to entry and could help diverse founders who access the hall begin the journey of building generational wealth.”

The Madison Public Market Foundation will make two exciting announcements at 5:40pm. First, the Foundation will announce the hiring process for the Madison Public Market’s first Executive Director. This key position will lead the Madison Public Market to a successful opening and beyond. More information can be found at madisonpublicmarket.org.

Second, the Madison Public Market will unveil its new Equity Through Entrepreneurship Program to support new and early-stage diverse entrepreneurs who wish to be a permanent or temporary vendor within the Public Market. Learning from the highly successful MarketReady entrepreneurial training pilot program, the Equity Through Entrepreneurship Program will reduce barriers to entrepreneurship that underrepresented small businesses may face. Key components of the program include:

  • Invest in vendor selection in diverse communities 1) purchase paid advertisements in diverse and multicultural media 2) continue partnerships with diverse chamber of commerce organizations and other community partners
  • Decrease financial barriers 1) offer grants to provide rent subsidy during the first 12 months 2) offer grants to assist with build-out costs 3) establish a revolving loan fund
  • Connect entrepreneurs with resources 1) offer culturally relevant trainings and mentorship 2) provide translating services 3) create key operating technology systems within the Market that are easily accessible and support all vendors

By launching the Equity Through Entrepreneurship Program and concentrating on the success of small diverse businesses, more entrepreneurs will build their financial futures, and the variety of businesses, offerings, and price points within the Madison Public Market will enable people from all backgrounds and cultures to feel welcome, represented, and that they belong. To implement the Equity Through Entrepreneurship Program, the Madison Public Market must raise $1,000,000 by the end of 2024. Already $425,000 has been raised towards the goal.

Construction well underway at the Public Market

Posted on by James Shulkin

Demolition and construction at the future Madison Public Market began in earnest late in October of 2023. Since then, much progress has been made, as these photos suggest. Lots of work is necessary to renovate this former Fleet Service building, operated since the 1950’s by the City of Madison. Daniels Construction is the contractor selected by the City to make the Market a reality. The Market is slated to open in May 2025.

 

Public Market Groundbreaking Event Celebrates Construction Start

Posted on by James Shulkin

A crowd filled with supporters of the Madison Public Market and TruStage MarketReady Hall were on hand Monday, November 27 to officially mark the commencement of the long-awaited project’s construction. Held at the future site of the Market (202 N. First Street, Madison) the event featured remarks from the following:

  • Welcome by Hannah Mohelnitzky, City of Madison Engineering Division Communications
  • City of Madison Mayor Satya Rhodes-Conway
  • Madison Public Market Foundation President Karen Crossley
  • TruStage Chief Diversity, Equity and Inclusion Officer Angela Russell
  • Melly Mell’s Catering Owner Carmel Jackson
  • City of Madison District 12 Alder Amani Latimer Burris
  • Wisconsin Department of Administration Secretary-Designee Kathy Blumenfeld
  • Dane County Board of Supervisors Chair Patrick Miles
  • Daniels Construction President Sam Daniels

Many of the speakers, including Mayor Rhodes-Conway, Angela Russell of TruStage and Acting Secretary Blumenfeld spoke of the economic benefit the Public Market will have for the community, generating wealth and financial well-being for individuals who are starting new businesses or expanding old ones. Mayor Rhodes-Conway expressed her appreciation for the many  persons who have had a hand in making this day a reality – former mayors, alders, Madison Public Market Foundation members as well as city staff from the Economic Development and Engineering Division.

A video production showing the entire event is available.

Photos below show 1) Mayor Satya Rhodes-Conway; 2) Madison Public Market Foundation President Karen Crossley; State of Wisconsin Department of Administration Secretary Designee Kathy Blumenfeld and Dane County Board of Supervisors Chair Patrick Miles; 3) Alder Amani Latimer Burris; 4) Carmel Jackson, Melli Mel’s Catering; 5) Angela Russell, TruStage Chief Diversity & Inclusion Officer;  6) Sam Daniels, President, Daniels Construction; 7) Madison Public Market Foundation board members.

 

Demolition of Fleet Service Building Begins! Market Construction Underway!

Posted on by James Shulkin

During a visit to the former Fleet Service Building on November 1, it was apparent that the Madison Public Market construction is truly underway! Crews from Daniels Construction are now on site and have begun the interior demolition of the building. First step is to remove the overhead fluorescent lighting. Walls to be removed are marked for demolition. Construction is expected to be completed by early 2025.

Dane County Board provides $1M in additional funding; Market construction set to begin

Posted on by James Shulkin

The Dane County Board, already an important backer and funding source for the Madison Public Market, voted 30-3 on October 19 to provide and additional $1 million towards the Market’s completion. This is a final piece of financing that will allow the project to move toward a 2025 opening. The county’s contribution to the market’s financing comes after the Madison City Council voted to borrow about $1.6 million to help close a budget gap after construction bids came in higher than expected. The market will be funded with $11.5 million in city tax increment financing, $849,000 in city funds, up to $3 million in private donations, $4.25 million from state programs and an additional $1.5 million that Dane County approved last year. With the funding issues resolved, the Madison Public Market Foundation can begin next steps towards creating the operating structure that will run the Market. The City expects to begin construction within the next 60 days. You can read media coverage of the County Board decision on the In The News page.

Call to Action! Write to your alder in support of the Market!

Posted on by James Shulkin

This is an urgent request to Madison Public Market supporters! If you believe in the Public Market and its’ potential to be an amazing resource for small businesses as well as its’ future as a beloved Madison destination, the time is now to write to your City of Madison alder. Once again, we’ve reached a critical, make-or-break situation.

“What’s up?”, you may ask. Here goes:

The City’s Engineering Department sent the Market’s construction project out to bid a few months ago, with an estimated budget of $12.5 million. When the bids were opened on September 14, the lowest construction bid received is about $15.2 million. To close this gap in funds available, alders will introduce amendments to the 2023 Capital Budget. Amendments make note of an effort by Dane County to provide $1M in additional funding. Also, upon approval, the City is authorized to seek reimbursement via TID funding. The primary amendment requests an additional $2.2M from City funds; the secondary amendment requests $1.6M.

A vote on funding will occur at the October 17 Common Council meeting. Approval requires the affirmative vote of 15 council members. You can read more about the alders’ efforts here. The construction bid process closes on October 24. If funds are not identified, the bid will not be awarded, and the Market will be delayed, possibly forever. 

Alders need to hear from you regarding why you think that providing the necessary funds are essential. We ask that you encourage alders to approve the request for $2.2M, as this will allow for important improvements to the facility that will greatly enhance the visitor experience. Your voice is critical to convincing them that the Market has substantial public support.

Please write to your alder as soon as possible, and well before the October 17 Common Council meeting.

Here’s a sample message for you to copy and send, although we encourage you to write your own personal note:

I write in support of efforts to provide the necessary funds critical to the construction of the Madison Public Market. The Market, along with the TruStage MarketReady Hall food-related entrepreneur space will provide essential business services to women, members of the BIPOC community, and first-generation immigrants seeking inexpensive business start-up opportunities. The Market offers a once-in-a-lifetime opportunity to create a fun, lasting and highly regarded public benefit.

Need some more important messages for the alders? Here are some important facts.

The vacant Fleet Services building, in the heart of the vibrant Capitol East neighborhood, is the gateway to downtown, close to the airport and the interstate and will spur economic growth and activity for the surrounding area. The building’s vibrant art-filled atmosphere will be Madison’s next great public place. Repurposing an ideally suited City-owned building makes economic sense and promotes sustainability.

The former Fleet Services building’s 45,000 square feet allows for one of the largest and most unique markets in the Midwest. Re-purposing a building in great shape that the City already owns makes more economic sense, and is more environmentally sustainable, than building new.

The building’s open space with no columns, 2-story high ceilings and floor to ceiling windows covering nearly all of its outer walls allows for ample natural light. Its’ unique retro feel will make for a very fun atmosphere. The location has a high volume of traffic, benefits from excellent transit access, and sits along the Mifflin Street Bicycle Corridor. It is adjacent to Burr Jones Park as well as the Yahara River.

The Market will have a significant positive economic impact – creating jobs for young adults, seniors and the employment disadvantaged while supporting new businesses. The benefit to the regional economy is estimated at $21 million per year. This accounts for the ripple effects of the jobs and economic activity that will occur at the market. Over 250 businesses have stated formal interest in renting a space.

The proposed site is in the vicinity of many low-income persons who would benefit greatly from the market’s healthy foods and employment opportunities. Is part of the densely populated and growing Capitol East District economic corridor. According to the analysis, the site offers the best economic opportunity for local artisans and entrepreneurs in terms of disposable income available to residents in the immediate area.

The Public Market and TruStage MarketReady Hall will be a place where an entrepreneur with a unique idea for a new food product, or a new business idea, can launch their business and bring that idea to reality. The emphasis is on allowing these small businesses to rent space on a part-time, low commitment and low overhead basis.

Update: Alder looks to close latest funding gap

Posted on by James Shulkin

The Cap Times reported on September 19 that Alder Sabrina Madison intends to submit an amendment to the 2023 Capital Budget, seeking to further fund the construction of the Market. She and others will ask that an additional $1.6M be approved.

“I am interested in seeing the project through because I believe the economic and social impact it will have on the city is immeasurable,” said Madison, the alder for District 17, who was a member of the Market Ready Advisory Committee in 2017 to help select the entrepreneurs who will take part in the eventual market.

The City of Madison has two options in regard to the low bid by the contractor.  The first is to do nothing, in which case the project will not move forward.  The second is to amend the 2023 Capital Budget in the weeks ahead to add $1,641,071 to the Public Market budget. Alder Madison’s proposed amendment meets that condition.

Moving forward, the Council will likely introduce the resolution at the October 3rd Common Council meeting to both approve the bid/contract and amend the 2023  Capital Budget Public Market project by a minimum of $1,641,071.  The resolution would be referred to Board of Public Works on October 4th, to Finance Committee on October 9th, and back to Council for action on October 17th.

You can read the Cap Times article here.