Monday, May 11, 2015

Scott Walker Gave Corporations Cash To Create Jobs, Forgot To Check If They Created Jobs

http://thinkprogress.org/election/2015/05/08/3656838/scott-walkers-jobs-agency-violating-state-law-audit-finds/
"The job creation agency founded by Governor Scott Walker has been routinely violating its own rules and state law, according to a damning report released Friday by Wisconsin’s non-partisan Legislative Audit Bureau.
Walker set up the Wisconsin Economic Development Corporation in 2011 in order to give taxpayer dollars to private corporations to help them create jobs for Wisconsin workers. But a new audit of more than 100 grants from the agency found that the WEDC failed to follow up on whether the companies were actually using the funds to create and retain jobs.
The group also gave loans and tax credits to companies that did not meet its requirements, and did not even attempt to fact-check claims by the companies about the number of jobs they created. Additionally, the agency forgave, wrote off or deferred more than $4 million in loan payments that the corporations were supposed to pay back to the state."