Letter: Wisconsin Economic Development Corporation is flawed by Joyce Luedke
Here is some information that is relevant to readers.
1. Do you know that in the most recent annual score card done by the U. S. Chamber of Commerce, Wisconsin ranked dead last for short-term growth measured between September 2010 and November 2012?
2. Do you know that Wisconsin, in 2012, ranked 44th in private sector job creation?
3. Do you know that in 2010, the year before Scott Walker became governor, Wisconsin ranked 11th among the 50 states in private-sector job creation growth outperforming the nation as a whole?
4. Do you know that in the last month, another 1,000 employees in Wisconsin have lost their jobs? Many of these jobs were in well-paying positions: financial services, manufacturing, agriculture and retailing. The job situation is getting worse, not better!
5. Do you know that Wisconsin had a job loss of 14,500 in 2012? Do you know this comes after a net job loss of 12,500 jobs from January of 2011 to 2012, the worst performance of all 50 states?
6. Do you know that Wisconsin is now fourth out of 50 states in the largest weekly wage lost? Percentage-wise, the weekly wage loss for Wisconsin is minus 2.65 percent. In actual money, Wisconsin employees’ wages fell from $791 to $770 in a one-year period. The figures come from the Quarterly Census of Employer and Wages Program by the U.S. Bureau of Labor Statistics measuring the third quarter of 2011 and the third quarter of 2012. Do you know that wages in manufacturing also dropped more than the national average to 46th in 2011-2012?
8. Do you know the Legislative Audit Bureau released a scathing report about the Wisconsin Economic Development Corporation, which was the brainchild of the Walker Administration?
A very short listing of the most egregious activities of the WEDC:
• Failed to track more than $12 million in past due loans.
• Did not always engage in competitive bidding on contracts.
• Did not require financial statements from companies receiving incentives.
• Did not follow up on the number of jobs created.
• State credit cards were used to buy alcohol and other incentives
I am a very concerned citizen and clearly, what is happening in Madison is not working for the vast majority of citizens. Call your legislators and start asking questions.
Joyce Luedke, Hayward