Company: Northwestern Mutual Life Insurance Parent Company: Northwestern Mutual Subsidy Source: local Location: Wisconsin City: Milwaukee Project Description: downtown office tower for insurance company Year: 2013 Major Industry of Parent: financial services Specific Industry of Parent: insurance Subsidy Value: $50,500,000 Program Name: tax increment financing Awarding Agency: Milwaukee Common Council Type of Subsidy:
Number of Jobs or Training Slots: 1,900 Capital Investment: $400,000,000 Source of Data: The subsidy, job and investment details came from: Tom Daykin, "Financing plan wins approval," Milwaukee Journal Sentinel, May 1, 2013. See also TID 78, Northwestern Mutual Life Insurance Co. Periodic Report dated 12/31/15, available at: (click here). Workforce development information came from Beth Kevit, "Workforce development program would ensure locals build Northwestern tower in Milwaukee," The Daily Reporter (Milwaukee, WI), May 14, 2014. Notes: The subsidy package awarded the company property tax rebates of $50 million over 25 years through the creation of a TIF district. The TIF revenue was also to be used for $22 million in infrastructure improvements near the building; these are not included in the subsidy total. The Wisconsin Regional Training Partnership Inc. provided a four-year $500,000 workforce development training program. Overlaps with main Subsidy Tracker data: a 2013 $50 million entry for the company for TIF. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.