State Sen. Lena Taylor
Press Release

WEDC Audit Poses New Concerns on Foxconn Deal

"WEDC’s track record of mismanagement and secrecy is troubling."

By - Oct 24th, 2017 03:59 pm

(MADISON) – Today, committee members on the Joint Legislative Audit Committee heard testimony on the most recent Wisconsin Economic Development Corporation (WEDC) audit.  The audit, and past audits, have revealed that WEDC has a history of falling through on oversight and accountability, costing taxpayers millions since the agency was created in 2011. Additional information revealed by the audits found that the agency consistently failed to follow statutes and that the agency mismanaged taxpayer funds by failing to verify performance and enforce contractual terms agreed to by WEDC’s awardees. Today’s hearing failed to put ongoing concerns to rest and brought forward new questions on WEDC’s ability to oversee the Foxconn deal.

“WEDC’s track record of mismanagement and secrecy is troubling,” said Senator Lena Taylor (D-Milwaukee), “especially when it comes to managing a three billion dollar corporate handout.”

The Foxconn deal, spearheaded by the GOP and approved in September, tasks WEDC with negotiating the contract between the State of Wisconsin and Foxconn. At three billion dollars, this would be the largest state giveaway to a foreign company in U.S. history.

“When we are staking billions of dollars, to have WEDC single-handedly manage the deal without legislative or public transparency is extremely inappropriate. I am concerned about WEDC’s ability to hold Foxconn accountable for the job numbers they agreed to.”

More about the Foxconn Facility

Recent Press Releases by State Sen. Lena Taylor

Senator Taylor Responds to Walker’s Twitter Rant, “We Need Leadership, Not a Twitter Fight.”

"So Governor Walker didn’t have time to defend Harley-Davidson, but he has time to blow dog whistles."

City Attorney Shifts Blame to Sterling Brown

"The comments from City Attorney Langley are troubling."

Senator Taylor Responds to Governor’s Exorbitant Use of Taxpayer Money

"Seriously, it doesn’t get more hypocritical than this."

Leave a Reply

You must be an Urban Milwaukee member to leave a comment. Membership, which includes a host of perks, including an ad-free website, tickets to marquee events like Summerfest, the Wisconsin State Fair and the Florentine Opera, a better photo browser and access to members-only, behind-the-scenes tours, starts at $9/month. Learn more.

Join now and cancel anytime.

If you are an existing member, sign-in to leave a comment.

Have questions? Need to report an error? Contact Us