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…
122 search results for ""WEDC""
CDA, Corporate Welfare, Government Spending, Local Government, University, WEDC
Another WEDC Audit Failure
by JOHN ADAMS • • Comments
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
by JOHN ADAMS • • 2 Comments
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
by JOHN ADAMS • • Comments
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
by JOHN ADAMS • • Comments
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
by JOHN ADAMS • • Comments
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,…
Business, Corporate Welfare, Government Spending, State Government
WEDC: Those Who Can’t Do, Lobby
by JOHN ADAMS • • Comments
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…
Corporate Welfare, WEDC
WEDC’s Revolving Door to Take Current Leader Back to the Curb
by JOHN ADAMS • • Comments
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…
Business, Corporate Welfare, Government Spending, Uncategorized, WEDC
WEDC Claims Success by Writing Off Bad Loans
by JOHN ADAMS • • Comments
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.…
Business, Corporate Welfare, Development, Economy, Free Markets, WEDC
WEDC Afflicted with Internal Strife
by JOHN ADAMS • • Comments
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…
Business, Corporate Welfare, Government Spending, WEDC
At WEDC-Sponsored Tech Festival, Local Company Announces a Move to Ohio
by JOHN ADAMS • • Comments
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…
Corporate Welfare, Politics, WEDC
WEDC Board Offers Millions to Subsidize Job Cuts
by JOHN ADAMS • • Comments
The next time Chancellor Telfer, City Manager Clapper, and CDA Chairman Jeff Knight host Reed Hall of the WEDC in Whitewater, they might wish to ask him a few questions about use of public money, job creation, and community development: The board overseeing the state’s flagship job-creation agency has quietly approved a $6 million tax credit…
City, Corporate Welfare, Government Spending, Local Government, Politics, WEDC
WEDC Update
by JOHN ADAMS • • 1 Comment
Anyone betting locally on the supposed prestige and success of the Wisconsin Economic Development Corporation has placed a bad bet. That corrupt and incompetent agency is in the news yet again for its failures and lies: WEDC award recipients outsourced Wisconsin jobs to foreign countries — WKOW 27: Madison, WI Breaking News, Weather and Sports…
Business, CDA, City, Corporate Welfare, Innovation Center/Tech Park, Local Government, Politics, University
Local Crony Capitalism via the WEDC (and similar schemes)
by JOHN ADAMS • • 2 Comments
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…