Scott Walker’s flagship jobs agency, the Wisconsin Economic Development Corporation, has been an overwhelming failure ever since its hasty inception, known not for economic development but the loss of millions of dollars in taxpayer funds, unprecedented staff turnover, lack of accountability, and significant shortcomings on its own job creation goals. Wisconsin continues to hear bad news about the scandal-plagued agency, as a recent report is showing that the department still lacks appropriate controls to account for millions of dollars in taxpayer funded loans.
A series of audits in 2012 show Walker’s Economic Disaster Corporation lost track of $56 million worth of taxpayer funded loans and found that the agency lacked basic internal accounting controls.
Just last month, the national media was shining a light on WEDC and Walker's "middling" record on job creation and now the Beloit Daily News is weighing in with a scathing editorial on Walker's failures at WEDC.
The Beloit Daily News writes:
Read the editorial in its entirety here.