WEDC heads say problems serious but fixable - WKOW 27: Madison, WI Breaking News, Weather and Sports

WEDC heads say problems serious but fixable

Posted:

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.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WKOW. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

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 fccinfo@fcc.gov.