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WEDC

Business, CDA, City, Development, Economy, Government Spending, Local Government, WEDC

Business Dependency in Whitewater

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For residents facing poverty, one would hope for, and understand, a combination of private and public relief.  Churches and other private organizations do much in this effort; government expenditures for the genuinely needy amount to a small portion of all government spending. Support of this kind is a worthy effort. Whitewater also has two large…

CDA, City, Corporate Welfare, Development, Gluttony, Government Spending, Local Government, Public Relations, University, WEDC

Another Six-Figure WEDC Loan to an Unworthy Applicant

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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…

Business, Corporate Welfare, Government Spending, State Government, WEDC

12 Points on the WEDC’s $500,000 Loan for Campaign Contributor’s Failing (and Lying) Company

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Seemingly, all Wisconsin is discussing a $500,000 Wisconsin Economic Development Corporation loan to a failing company of a Walker political contributor.  Here’s a summary of what’s known so far. 1.  The loan was to Building Committee Inc. (BCI), a business owned by William Minahan, a Walker political contributor (and Minahan made contributions to other campaigns,…

Business, Corporate Welfare, Gluttony, Government Spending, Marketing, WEDC

WEDC Slowly Crumbles

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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…

Corporate Welfare, Government Spending, Misconduct, WEDC

Reed Hall’s Inauspicious Choices

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Reed Hall, who ‘boldly,’ ‘innovatively’ uses the private title of CEO for an organization that runs on public money, has written two defenses to his agency’s latest audit fiasco.  The first of those appears as a few platitudinous paragraphs online (‘WEDC takes bold, innovative approach to economic development,’ subscription req’d,  and the second as a…

CDA, Corporate Welfare, Government Spending, Local Government, University, WEDC

Another WEDC Audit Failure

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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…

City, Corporate Welfare, Economy, Free Markets, Government Spending, Local Government, Marketing, Poverty, University, WEDC, Wisconsin

Wisconsin on Pace for Most Layoff Notifications Since WEDC Created

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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…

Business, Corporate Welfare, Government Spending, WEDC

WEDC Develops Its Own Foreign Aid Program

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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…

Corporate Welfare, Development, Gluttony, Government Spending, WEDC

The Failed WEDC’s Revolving Door

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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…

Development, Economy, Government Spending, Marketing, Public Relations, Taxes/Taxation, WEDC

WEDC’s Development Gurus Fail Again

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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,…

Corporate Welfare, Education, Gov. Walker, Government Spending, Innovation Center/Tech Park, Labor, Liberty, Local Government, School District, University, WEDC, Wisconsin

Education: Substance & Spending

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Following comments to yesterday’s post on proposed cuts to the UW System schools (Caution arrives late, doesn’t recognize its surroundings), here are nine quick comments about education. 1.  Act 10 as a budgetary tool.  This centrally-planned idea didn’t work.  Reductions in public-union bargaining powers in exchange for the ‘tools’ to balance school and other public…