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Report: 20% of WEDC companies not reporting job creation stats

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MADISON, WI (WTAQ) - Wisconsin taxpayers are still being left in the dark about some of the money they're giving to private firms to help them create jobs. 

As of last month, the Milwaukee Journal Sentinel says 1 of every 5 companies failed to file reports on the numbers of jobs they've created. That leaves taxpayers uncertain about whether their investments are paying off in the form of higher tax revenues. 

The Wisconsin Economic Development Corporation said 79.5 percent of almost 1,500 companies getting job grants filed their required state reports on time. A year ago, 66 percent of around 1,600 recipients filed their job data. 

Officials said the numbers of companies dropped because assistance that involves federal money is now handled by the Administration Department, since the WEDC is both a private and public agency. 

Tom Thieding of the WEDC says all of the agency's current loans are now being tracked -- and when they're past due, they get referred for collections. 

Thieding said the reporting will be much improved in a year from now, since the agency has become much more diligent.

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