To say Republican Gov. Scott Walker’s Wisconsin Economic Development Corporation (WEDC) has been plagued by mismanagement would be an epic understatement.
We could start with the agency’s epic financial mismanagement,starting with its projected $14 million budget deficit,as well as the $8 million in unpaid and overdue loans it was owed from companies [...]
Welcome to Scott Walker’s version of state government…The man hired to help the Wisconsin Economic Development Corporation with its public image resigned late Monday after 27 News made inquiries about income tax and unemployment insurance compensation debts of close to $44,000 he owes the State of Wisconsin.
John Gillespie,who WEDC brought in as [...]
The Milwaukee Journal Sentinel and Associated Press are reporting that an audit by the state’s non-partisan Legislative Audit Bureau found significant questionable financial activities surrounding Governor Walker’s Wisconsin Economic Development Corporation. This time tax credits for creating jobs have gone unaudited,legally required reports haven’t been filed and there has been questionable spending on the [...]
This just cracks me up…This week the state’s flagship jobs agency brought on its third chief financial officer in two years –only to see him resign within 24 hours to take a promotion at his former company.
The news comes as the still relatively new Wisconsin Economic Development Corp. is seeking to shift [...]
At least Lisa Johnson,vice president of entrepreneurship and innovation with the quasi-government Wisconsin Economic Development Corporation,is honest about how much of a failure Gov. Scott Walker’s job creation efforts have been (emphasis added):From Johnson’s wheelhouse in the new economy,the rankings aren’t any better. Wisconsin came in 31st among 50 states in [...]
What would happen to the Chairman of your employer if the company lost track of $56 million in receivables? And $12 million were past due with no efforts being made to recover them? Or 25% of the corporate credit card purchases were unaudited and unapproved by management? What if cash on hand wasn’t earning interest? [...]
This is what happens when Republicans control government…For more than a year,the state’s flagship jobs agency has stopped tracking whether businesses are repaying loans from state taxpayers –leaving the public in the dark about how much they are owed on a total of $8 million in past-due loans to 99 businesses.