Madison
50° F
Overcast
Overcast
Advertisement

Walker: Accountability, stability at WEDC a priority

Published On: Dec 04 2012 07:51:38 AM CST
Updated On: Dec 04 2012 07:52:17 AM CST
Gov. Scott Walker
WISCONSIN DELLS, Wis. -

Gov. Scott Walker said the job-creation agency he pushed to create will be more accountable after a series of problems and organizational shakeups.

The Wisconsin Economic Development Corp. didn't assign staff members to track about $69 million in state loans, agency leaders have said, calling it a "misstep." More than $12 million of those loans are now at risk because companies are behind on their repayments, news reports have indicated.

WEDC's new leaders -- handpicked by Walker after previous managers resigned in recent months -- said they were hiring an outside financial institution and accounting firm to provide oversight of the loan programs and financial records.

"We want to be accountable (to) the taxpayers, but we also want to be accountable for the board of directors," Walker said. "What sorts of decisions are to be made for the future -- which (loan programs) are truly effective in creating new jobs and which ones are not."

Walker's comments came as he toured show exhibits at a hunting trade show in the Wisconsin Dells.

The WEDC, created in 2011, replaced the former Wisconsin Department of Commerce, which Walker administration officials have said was inefficient and ineffective at job creation.

But problems have plagued the WEDC in recent months.

The agency received criticism for using $10 million in U.S. Housing and Urban Development money without federal authority to do so, and offering state tax credits to a company that was competitively bidding for a state contract, WISC-TV reported previously.

Paul Jadin, the former WEDC chief executive, resigned Nov. 1 to take a job at Thrive, the economic development group in south-central Wisconsin.

"We've come in and we've had stability at the top -- much longer than they had (at the former Commerce Department)," Walker said. "But, with a new agency, there are some issues to be dealt with, and this is one of those."

Advertisement
  • Craig Spencer

    America's Ebola patients

    An American doctor who was working with Ebola patients in Guinea was been diagnosed with the disease after returning to New York. Learn more about him and America's other Ebola victims.

  • Hot peppers

    Karimala/iStock

    Notable food recalls

    A North Carolina producer of peppers and hot sauces is voluntarily recalling 6,215 pounds of fresh serrano chili peppers because some tested positive for salmonella. Here are other notable food recalls that made headlines.

  • Twitter

    Mario Anzuoni/Reuters

    Famous first tweets

    The Queen is on Twitter! Check out what she had to say and other famous first tweets.

  • jack-o-lantern Halloween pumpkin

    Juliet James/SXC

    Halloween

    Games, recipes, trick-or-treating, scary movies and everything else you need to make your Halloween extra spooky.

  • Politician, politics, debate, election

    iStock / bns124

    Election Coverage

    Get up-to-date on political stories, Reality Check the latest political ads, learn about the candidates and find election results in our special section.

  • Ebola virus pink

    CDC

    Ebola special coverage

    Get the latest news on the Ebola outbreak and resources to help you learn more about the deadly virus.

Advertisement