Wisconsin's quasi-public Economic Development Corporation has reportedly underperformed over the past three fiscal years, a legislative audit released Wednesday found.
The WEDC's secretary and CEO, Melissa Hughes, thanked the audit bureau for its work in a letter attached to the review.
She promised that information about board meetings will be published in a timely manner. She said WEDC officials will inform legislators by Dec. 6 about other efforts to follow auditors' recommendations. The WEDC has struggled since its creation on a variety of fronts and has become a political target for Democrats. Gov. Tony Evers campaigned on a pledge to dissolve the agency but backed off after he won his first term in 2018.The audit bureau's last review of the agency in 2021 found performance had improved. That audit noted that the agency had largely complied with state law when administering its awards and the amount of past-due loans had decreased from $7.6 million to $6.
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