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Gov. Walker signs WEDC conflict of interest bill

Wisconsin Economic Development Corporation board members meet at Green Bay Packaging
Wisconsin Economic Development Corporation board members meet at Green Bay Packaging

GREEN BAY, WI (WTAQ) - Those connected with the Wisconsin Economic Development Corporation can no longer negotiate contracts that would benefit them.

Governor Scott Walker signed a bill Tuesday barring WEDC employees and board members from having any influence over agreements in companies in which they have monetary interests.

Walker signed the measure in Green Bay, at a meeting of the corporation’s board which he chairs.

It was one of the measures brought up by lawmakers after a scathing audit earlier this year.

The audit showed that the economic corporation did not adequately keep track of loans it made to businesses for creating jobs – and it did not follow state law by adopting certain policies after the public-private WEDC replaced the former state Commerce Department in 2011.

Walker says the new law will provide clear directions to those involved with the corporation – and it adds accountability and transparency.

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