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Senate approves stricter WEDC contract negotiation policy

Wisconsin Economic Development Corporation logo
Wisconsin Economic Development Corporation logo

MADISON, WI (WTAQ) - The state Senate has voted to prohibit employees of the Wisconsin Economic Development Corporation from negotiating contracts which could benefit them.

The upper house passed the measure on a voice vote Tuesday, after the Assembly approved it earlier.

It now goes to Governor Scott Walker, who says he supports the change.

It would prohibit WEDC employees and board members from negotiating or having discretion in any deal with a company or organization in which they have a monetary interest.

The state’s public-private job creation agency was created two years ago to replace the old Commerce Department.

The WEDC has come under fire after a critical state audit which showed that it never approved required policies, gave job creation grants and loans to companies that did not quality, and did not keep adequate track of those funds.