Milwaukee's RNC host committee makes deposit in city's only minority-owned bank
Milwaukee Host Committee tasked with raising $68 million ahead of convention
Milwaukee Host Committee tasked with raising $68 million ahead of convention
Milwaukee Host Committee tasked with raising $68 million ahead of convention
Milwaukee's host committee for the 2024 Republican National Convention announced a $100,000 deposit Tuesday at the city's only minority-owned bank.
The deposit at Columbia Savings and Loan Association is meant to help expand the bank's lending capabilities in the short-term as the bank pushes toward a goal of helping 100 new families purchase homes ahead of the bank's 100th anniversary next year.
"We are the only bank headquartered in the poorest zip code in the state of Wisconsin, and we're still living out the mission of the Halyard's had in making sure we can increase home ownership," Will Martin said, vice president of Columbia Savings and Loan Association.
Members of the Milwaukee Host Committee joined bank officials and Milwaukee Mayor Cavalier Johnson during the announcement.
"From the outset, my goal has been to have the Republican National Convention bring a positive impact to the city of Milwaukee," Johnson said. "That's been my goal."
The announcement comes as the host committee continues in its goal to raise roughly $68 million ahead of next summer's convention.
"We're on track and looking forward to sharing more as we move forward," said Alison Prange, COO of the Milwaukee Host Committee.
The fundraising is needed for everything from contracting and renting venues to transportation for delegates.
The host committee efforts are being led by those like Reince Priebus and Milwaukee businessman and philanthropist Ted Kellner, who also helped lead fundraising efforts for the 2020 Democratic National Convention.
"I had no 'nos' when I was treasurer of the Democratic host committee, and I've had no 'no's' from corporations, Republicans, Democrats," Kellner said, CEO of the 2024 host committee. "This is about Milwaukee."
Host committee officials wouldn't reveal the exact amount raised Tuesday.
"Raising money is never easy," Prange said. "Things are going great. We're lucky we have a great city to sell and get behind us in terms of individuals in the business community across Wisconsin."