Audit Details Problems with Wis. Economic Development Agency

Posted at: 05/01/2013 10:00 AM


MADISON, Wis. (AP) - The nonpartisan Legislative Audit Bureau has found numerous problems with how the semi-private agency that handles economic development for the state is operating.

The Audit Bureau report released Wednesday is leading lawmakers to call for changes in the nearly two-year-old Wisconsin Economic Development Corp.

Legislative Audit Committee co-chair, Republican Sen. Rob Cowles, says the audit shows "there is a significant disconnect between our expectations of WEDC and the reality of their performance with regard to transparency and accountability."

Reed Hall is chief executive officer of WEDC. He says in a response letter to the Audit Bureau that WEDC has made "significant progress in addressing operational shortcomings." He says the vast majority of issues raised in the audit have already been identified and solutions are in place or being implemented.

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