Welcome to the Riverwest Investment Cooperative (RIC). Our Board of Directors and members invite you to learn about our group mission and goals. We hope that you will be inspired to ask questions, make comments and join us in our work toward improving the Milwaukee community one block at a time.
Origins & History
RIC was founded in June of 2003 by several residents of the Riverwest Neighborhood (map) with the hopes of creating an investment vehicle for neighborhood residents to participate in the development of our community. The first cooperative of its kind in the nation, RIC has successfully tackled projects and continues to survive through a tough local and national economy.
Milwaukee’s Riverwest Neighborhood
The Riverwest neighborhood was settled in the late 1800 by Polish immigrants, moving here to live near jobs available in the vibrant manufacturing and business development along the Milwaukee River and Humboldt Blvd. These immigrants worked together to create a foundation of close knit community, surrounded by their churches, stores, recreation and fraternal opportunities. Their community strengthened and grew strong roots. The larger economy and trends have shifted the life of Riverwest. New neighbors moved in with the Polish founders, Puerto Rican and African American families nestled into homes along side the artists, 60’s “hippies” creating a counter cultural energy along with home & family.
Just as our predecessors bound together to direct the development and redevelopment of our community, RIC seeks to form a bond among residents to invest in catalyst projects that will help transform Riverwest for its second century.