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Lawmakers introduce bill to audit WEDC every year

Wisconsin Economic Development Corporation logo
Wisconsin Economic Development Corporation logo

MADISON, WI (WTAQ) - Wisconsin’s job creation agency would be audited every year, under a bill introduced by state lawmakers from both parties.

Right now, the Wisconsin Economic Development Corporation is supposed to audited every two years – and the first audit of the two-year-old agency angered lawmakers concerned about a lack of accountability.

The new bill also requires that WEDC board members be appointed to fixed terms, instead of serving for as long as the governor wishes.

A recent audit found that the public-private job agency did not adopt certain policies required by state law – and it did not keep proper track of grants and loans it made to businesses for creating jobs.

The Legislature’s Joint Finance Committee is holding back extra funds for the WEDC until it can show that it has made improvements.