The Astonishing Truth About WEDC

One can be a longtime critic of the Wisconsin Economic Development Corporation, and still learn even worse things about that agency. With the Foxconn deal pending, WISGOP legislative leaders Vos & Fitzgerald want the WEDC board to be able to see the full text of the Foxconn contract. See Walker Delays Commenting On Possible Change…

Legislative Audit Bureau: WEDC Still Fails at Basic Tasks

Wisconsin’s Legislative Audit Bureau, as required by state law, has “completed a biennial financial audit of the Wisconsin Economic Development Corporation (WEDC) and a program evaluation audit of WEDC’s economic development programs.” Perhaps the politician-publisher of the Banner, who has hawked these programs so many times, and is himself the recipient of a WEDC award,…

WEDC has been a disaster from the get-go’

After years of defending the Wisconsin Economic Development Corporation, one newspaper (out of several in the area) finally concedes the obvious:  ‘WEDC has been a disaster from the get-go.’ See, from 11.28.15, http://www.gazettextra.com/20151128/our_views_consider_two_steps_for_salvaging_state8217s_job_creation_agency, subscription req’d. Yes, it has been a disaster, as politicized intervention in the economy, to the benefit of one’s well-fed, white-collar executive…

Gov. Thompson Rejects WEDC-Style Loans

Republican Tommy Thompson, who served for fourteen years as governor, has written in opposition to the Wisconsin Economic Development Corporation’s loan program.  It’s the right position to take, and shows that Thompson understands the problems with WEDC.  Explicitly, Gov. Thompson’s opposition to WEDC-style loans includes local communities’ doling of loans through their own programs.  (Whitewater’s Community…

WEDC Spends More, Produces Less

It should come as no surprise that the Wisconsin Economic Development Corporation’s millions in taxpayer handouts to well-fed executives and political cronies are producing less with each successive spending spree: The state’s flagship job-creation agency handed out nearly $90 million more in economic development awards last year than the previous year, yet those awards are…

The WEDC Taints Walker (and local officials even more)

The WEDC is a state and national story that has local implications. Some of the toughest political battles are intra-party ones: Republicans or Democrats fighting against fellow party members for their respective primary nominations.  For rival Republicans, Gov. Walker’s creation of the Wisconsin Economic Development Corporation will offer a legitimate and compelling line of attack against his…

WEDC Leader Quits: “It is time for me to return to my previous retired status”

Having presided over the national embarrassment that is the Wisconsin Economic Development Corporation, WEDC leader Reed Hall now heads for the exit:   The state’s top economic development agency, stung by a series of scathing audits, media reports about questionable loans and accusations of mismanagement, is once again seeking new leadership. After three years steering…

The State’s WEDC and Whitewater’s Facsimiles

Ongoing revelations about the Wisconsin Economic Development Corporation are a double concern: they’re stories of statewide malfeasance, and those revelations beg the question of how local officials in Whitewater are managing their own pools of public money. First, the latest stories (it’s a steady stream) of state-level error, waste, and negligence: Madison— Failing to run…

WEDC Backed Use of Public Funds to Pay Off Luxury Cars

There is more than one person in this town who has insisted, more than once, that the Wisconsin Economic Development Corporation has been good for Wisconsin, and good for Whitewater.  It’s been, instead, a failure and a disgrace. At a time when many communities did not have enough money for vital needs, WEDC was trying…

Another Six-Figure WEDC Loan to an Unworthy Applicant

View image | gettyimages.com Across the state, revelation after revelation shows that the Wisconsin Economic Development Corporation has been a mistake, a wasteful political endeavor contrary to sound economics. Locally, support for the WEDC, from Whitewater’s Community Development Authority, Chancellor Richard Telfer, City Manager Cameron Clapper, etc., shows not only that they’re ignorant of sound…

Conservatives Against WEDC

Only a generation ago (not long, really), most conservatives would have rejected something like the Wisconsin Economic Development Corporation’s ineffectual, wasteful attempts to manipulate the economy for the benefit of a few insiders’ friends. Today, communities across our state are beset with any number of unctuous men hawking a kind of big-government conservatism, with false…

WEDC Slowly Crumbles

WEDC ‘CEO’ Reed Hall Looks Downcast.  You Would, Too, If You’d Disgraced All Wisconsin Yet Again.  AP Photo. On a Friday afternoon, there’s breaking news across Wisconsin. Having rejected free markets in capital, labor, and goods for cronyism and ineffectual manipulation of the economy, the Wisconsin Economic Development Corporation now slowly crumbles: Scott Walker calls…

Another WEDC Audit Failure

Appearing below, you’ll see a full, 116-page audit of the Wisconsin Economic Development Corporation.  It shows the WEDC’s gross negligence; it’s the second to show the WEDC’s many failures (including deficiencies persisting from audit to audit).  (For a link to the prior audit, see WEDC Claims Success by Writing Off Bad Loans.) For each and…

Wisconsin on Pace for Most Layoff Notifications Since WEDC Created

WKOW 27: Madison, WI Breaking News, Weather and Sports Now I thought, as it’s what I have heard again, again, and again, that the WEDC was the Laser-Focused Semi-Private Job Creator of Wisconsin™.  How odd, then, to read that since the Wisconsin Economic Development Corporation’s inception, Wisconsin is on pace for more job layoffs than…

WEDC Develops Its Own Foreign Aid Program

One reads that a big-business recipient of the Wisconsin Economic Development Corporation’s taxpayer-funded largesse is moving a plant and jobs…to Mexico: WATERTOWN (WKOW) — A global power systems management corporation that has received nearly $370,000 in tax incentives from the Wisconsin Economic Development Corporation (WEDC) since 2012 is shipping jobs from Wisconsin to Mexico for…

The Failed WEDC’s Revolving Door

View image | gettyimages.com People are attracted to good opportunities, and repulsed by bad ones.  At the Wisconsin Economic Development Corporation, there’s no better sign of a failed organization than that the agency has become a building that needs a revolving door: Since WEDC’s creation in July 2011 by Gov. Scott Walker and lawmakers as…

WEDC’s Development Gurus Fail Again

All Whitewater has heard Chancellor Telfer, City Manager Clapper, and CDA Chairman Knight tout money from the Wisconsin Economic Development Corporation as though it were manna from Heaven.  We were supposed to see this money as they meant us to see it, as blessing and providence.  Meanwhile,  each time those officials flacked these public funds,…

WEDC: Those Who Can’t Do, Lobby

One of the Wisconsin Economic Development Corporation’s many incompetent leaders, Ryan Murray, is leaving behind his controversial, failed role at the WEDC to become a lobbyist.  Jobs agency official becomes lobbyist @ JS All Politics Blog reports on Murray’s shabby move: The No. 2 official at the state’s jobs agency has left the agency to…

WEDC’s Revolving Door to Take Current Leader Back to the Curb

An enterprise of selfish, striving executives, advancing their white-collar ambitions and of those of their friends, looks as though it’s about to lose yet another leader: Madison — The head of the state’s flagship jobs agency is expected to leave his post as the governor moves into a second term, a move that would generate…