|Creating Scandals Instead of Jobs: The Failures of |
Privatized State Economic Development Agencies
A new national report is harshly critical of the Wisconsin Economic Development Corp. ... WEDC was created by Gov. Scott Walker to replace the economic development duties of the former Department of Commerce, including offering loans, grants and tax credits to private business. But the agency has been fraught with problems, the report charges, including misuse of taxpayer funds, exaggerated jobs claims, conflicts of interest, excessive executive pay and lack of basic oversight.