Also this week,
another rough audit for the
state's flagship agency in
charge of job creation.
The Legislative Audit Bureau
reported that in the last six
months of 2016 the Wisconsin
Economic Development
Corporation, or the WEDC,
did improve its grant and loan
contracts by including
provisions requiring repayment
of loans,
but did not require recipients
to detail whether jobs were
created or retained.
The audit also showed the amount
of loans made to businesses that
may go uncollected went from
$1.3 million at the end of 2014
to $11 million by the end of
last year.
Saying operations had improved,
the legislature's Joint Finance
Committee last week lifted a ban
enacted in the last state
budget that prohibited WEDC from
issuing new loans because of the
agency's problems.
The JFC did not revisit
that decision
in light of this week's audit.