Finance committee makes changes to job creation agency

MADISON - The Legislature's finance committee has approved a host of changes to Gov. Scott Walker's floundering job creation agency, including removing the governor as chairman, dramatically reducing its reserves and eliminating a proposed $55 million in grants to fund regional loans

The governor has called on legislators to reform the Wisconsin Economic Development Corporation's operations after years of problems at the agency. Issues have ranged from failing to track past-due loans to businesses to failing to demand proof beneficiaries have created any jobs.

The committee voted 12-4 to insert the changes into the state budget on Thursday. All four Democrats on the committee voted against it, saying the changes don't go far enough to rein in what they consider a rogue agency.

Full story: WJFW

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