Officials at Wisconsin’s top jobs agency sought federal tax incentives for a failing Milwaukee business for a year after being told that the owner was seeking the money to pay off business debts such as the leases on luxury cars.
Officials at the Wisconsin Economic Development Corp. worked to get that federal help for Building Committee Inc. even though a $500,000 loan it had given to the company had gone sour within months and the owner of the firm had provided false information to the state.
Top officials in Gov. Scott Walker’s administration pushed to get Building Committee the initial loan and worked to get more for the company. But the jobs agency had to pass on giving the company more funding from state taxpayers after finding numerous problems with the firm and being told that owner Bill Minahan was promising some of this second proposed loan to pay a leasing debt on cars such as a 2010 Maserati and a 2011 Nissan 370Z luxury sports car.
Information about state officials’ long-running attempts to find help for the troubled company are coming to light just as the Republican governor prepares to announce his bid for the presidency next month. Walker said he didn’t think his jobs agency had cut any corners.
3 thoughts on “Scott Walker’s WEDC backed firm after learning firm wanted state money to pay for luxury cars”
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This agency has to be shut down. They gave out a bad loan and then tried to get more money for the failing project from federal and county sources. They didn’t catch on until a car leasing company calls them looking to have its debts paid by the loan! However it did work in one respect Walker got $10,000 out of the deal while the taxpayers lost $500,000.
The only way this could have been more obvious that it was a bribe is if WEDC simply deducted $10,000 from the “loan” and have given it directly to Walker.
And it is not only “obscene,” but the smell of WEDC idiots and Walker in this loan is equal to them having taken a group swim in a septic tank.
The granting of this loan and its participants stink to the heavens!!!
The focus has been on Walker, WEDC, and ABC, but the ultimate destination of the loan money was the company that leased the cars to ABC. Who are they? And what are their connections to Walker & Friends? They, rather than ABC, may be the real reason this loan got the so much attention and priority.