WEDC

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The Legislature's Joint Finance committee has decided to release about $60 million to Gov. Scott Walker’s embattled jobs agency.  The vote was 11-4, along party lines.

Wisconsin's job-creation agency says its goal last year to create 50,000 jobs was overly optimistic, so its goal for this year is 20,825 private sector jobs.

State lawmakers who back the creation of a venture capital fund have changed their original proposal.

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Two legislative panels sunk their teeth into the Wisconsin Economic Development Corp. on Thursday. A state audit has revealed evidence that WEDC gave taxpayer money to ineligible recipients and did not properly track loans and grants.

The Joint Finance committee voted to give WEDC $59M in the 2013-14 state budget but nothing in 2014-15 unless it improves.

The Joint Audit committee grilled WEDC executives for more than four hours.

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Gov. Scott Walker on Wednesday presided over an emergency meeting of the board of the Wisconsin Economic Development Corporation, or WEDC.

The executive director of a Washington DC watchdog organization published a report prior to the creation of WEDC warning of potential transparency and accountability problems with similar public-private economic developments groups elsewhere.