Dem. questions WEDC’s job creation data
WEDC under fire after audit
MADISON, Wis. — A Democratic lawmaker on the Legislature’s audit committee is questioning whether the troubled Wisconsin Economic Development Corp. has created any jobs.
The quasi-governmental WEDC provides financial assistance to businesses. The Joint Legislative Audit Committee met Thursday to review a state report released last week that found WEDC didn’t consistently follow the law or its own policies during its first year, didn’t adequately track loans and gave tax breaks to companies that didn’t qualify.
Sen. Kathleen Vinehout of Alma pointed out the report noted WEDC has reported its efforts have created or saved around 5,000 jobs. But the report cautions WEDC received only 45 percent of contractually required progress reports and the agency didn’t verify any of the information. The report says it’s difficult to verify the accuracy of WEDC’s numbers.