On Air Now

Listen

Listen Live Now » 1360 AM Northeast, WI 97.5 FM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
57° Feels Like: 57°
Wind: NNW 16 mph Past 24 hrs - Precip: 0.25”
Current Radar for Zip

Today

Partly Cloudy 59°

Tonight

Clear 38°

Tomorrow

Mostly Sunny 68°

Alerts

WEDC board members push for more accountability after scathing audit

by

MADISON, WI (WTAQ) - Board members of the embattled Wisconsin Economic Development Corporation have started laying out solutions to accountability problems spelled out in a stinging audit.

The panel was told that the agency’s new vice president for risk-and-credit, Jake Kuester, is drafting new procedures to keep a closer eye on tax credits, loans, and grants given to businesses for creating jobs.

The WEDC is establishing a new credit committee – and it’s revamping its reporting and information technology systems.

The agency had five vice presidents and seven staff members ready to answer questions.

Governor Scott Walker, who chairs the agency’s board, said the corporation has the chance to be more open and accountable to taxpayers with quote, “clear expectations, clear policies, and clear follow-up.”

At least one board member said legislators would not let up in checking on the WEDC.

Stevens Point Senate Democrat Julie Lassa told her colleagues there are bills circulating among lawmakers to require a full audit of the WEDC every year.

Despite the agency’s criticisms, Walker said businesses were generally pleased in working with WEDC staffers.

Comments