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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 Claims Success by Writing Off Bad Loans

Wisconsin has had years of embarrassments from the Wisconsin Economic Development Corporation, of economic manipulation, of picking supposed winners as though party hacks would know better than markets. It was a method bound to disappoint. These smarmy men at the WEDC have been trying to show progress on the millions of bad loans they’ve made.…

WEDC Afflicted with Internal Strife

Not long ago, Messrs. Telfer, Knight, and Clapper met in Whitewater with Reed Hall, so-called CEO of the Wisconsin Economic Development Corporation, to ‘celebrate’ another round of public money in the service of crony capitalism. These gentlemen must have thought – somehow – that all this would look grand and spectacular, that it would be…

At WEDC-Sponsored Tech Festival, Local Company Announces a Move to Ohio

The Wisconsin Economic Development Corporation – it should more accurately be called the Wisconsin Economic Disaster Corporation – had yet another embarrassment this week. At the WEDC-sponsored ‘Forward Technology Festival‘ in Madison, a local company announced that it was moving…to Ohio. The Journal Sentinel reports that Aver Informatics Inc., a health information technology start-up, moved…

Local Crony Capitalism via the WEDC (and similar schemes)

Whitewater’s had a decades-long problem of a few town insiders manipulating government and public resources for their own private ends.  That time is drawing to a close, but there are yet some years ahead in which aging, mediocre town figures will push their self-promoting lies.  As their chief motivation is personal vanity and pride, they’ll…