MADISON, Wis. (AP) — Poor record keeping, a lack of basic accounting controls and high staff turnover all contributed to problems in the first year of Wisconsin's premiere job-creation agency, according to an independent audit released Monday.
The semi-private Wisconsin Economic Development Corp. was created in July 2011 by Gov. Scott Walker and his fellow Republicans to help boost the state's job creation efforts. Walker promised during his 2010 campaign to create 250,000 new jobs, and the WEDC — with an $81 million annual budget — was the entity charged with spurring economic development.
But it has been beset with a series of high-profile missteps and departures of top officials.
One of its board members and frequent critic, Democratic Rep. Peter Barca, told a state Senate committee on Monday that if problems have not been fixed within a year, WEDC should be dismantled.
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