MADISON (WKOW) -- Leaders from the Wisconsin Economic Development Corporation say serious but fixable problems have been uncovered in the agency.
The 17-month old quasi-public economic development agency lost track of $56 million in loans to businesses.
While no evidence of any misconduct has been uncovered, interim WEDC Secretary Reed Hall and deputy secretary Ryan Murray say in a memo to board members that they did find isolated problems related to internal documentation and reporting processes.
Murray says there were a number of what he called "disjointed" efforts to address the tracking of the loans, but the issue wasn't pushed.
All content © Copyright 2000 - 2014 WorldNow and WKOW. All Rights Reserved.
Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Anna Engelhart at 608-661-2767. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at email@example.com.