Weekly Democratic radio address: "Changes needed to improve accountability at WEDC"


STEVENS POINT, WI – Senator Julie Lassa (D-Stevens Point) offered the Democratic weekly radio address today. In her radio message, Sen. Lassa expressed disappointment with the continued shortcomings at Gov. Walker's Wisconsin Economic Development Corporation. 

"Not only was WEDC continuing to resist following all state laws and its own Board-approved policies, but senior executives were attempting to obtain government funds and bonding for companies that they knew were in financial or legal disarray, and in at least one instance, that of Building Committee Incorporated, when they knew those resources would be used to pay the owner’s debts and would not result in job creation in Wisconsin."  - Sen. Julie Lassa
 

The audio file of this week’s address can be found here:
http://media2.legis.wisconsin.gov/multimedia/Sen24/lassaradio9.10.15.mp3

A written transcript of the address is below: 

"Hi, I’m State Senator Julie Lassa. This week, after six months of delay, the Legislative Joint Audit Committee finally held a hearing on yet another scathing audit of the Wisconsin Economic Development Corporation. The audit found many instances in which WEDC failed to comply with state law, or even with its own board-approved policies, in administering taxpayer-funded job creation programs.

"I was shocked by the findings of the audit, and by the many revelations that have appeared in the media since its release. Not only was WEDC continuing to resist following all state laws and its own Board-approved policies, but senior executives were attempting to obtain government funds and bonding for companies that they knew were in financial or legal disarray, and in at least one instance, that of Building Committee Incorporated, when they knew those resources would be used to pay the owner’s debts and would not result in job creation in Wisconsin. 

"This has convinced me that WEDC is irretrievably broken. The only way to regain the confidence of the business community, Wisconsin taxpayers, and this Legislature is to make major structural changes that will ensure greater openness and accountability for the state’s economic development programs."