X-posted AP Story! Jobs agency Gov. Scott Walker led dogged by allegations of shoddy lending, politi

[riversedge]

Perhaps the national media will continue to report Walker economics!


http://www.democraticunderground.com/10141153165



Jobs agency Gov. Scott Walker led dogged by allegations of shoddy lending, political influence
Source: AP




July 21, 2015 | 3:40 p.m. EDT


By JEFF HORWITZ, Associated Press

WASHINGTON (AP) — As Gov. Scott Walker begins his presidential campaign, he is confronting a stream of embarrassing revelations from a jobs agency once billed as the centerpiece of his plan to bring 250,000 jobs to Wisconsin.

Walker created the Wisconsin Economic Development Corporation in response to what he described as an economic emergency when he took office in 2011. As the agency's chairman, Walker appointed its top officials and six members of its 15-person board.

Among its early awards: $1.2 million in grants and loans for a company that said it could turn dirty plastic forks and ketchup-stained napkins into jobs. The company, Green Box NA Green Bay LLC, said its world-changing technology would produce recycled products, electricity and even diesel from fast-food waste and promised to employ 116 people.

But Walker's agency appears not to have looked adequately into Green Box. Company founder Ron Van Den Heuvel owed millions of dollars in legal judgments to banks, business partners, state tax officials and even a jeweler. Patents it said it owned are listed as belonging to other entities, according to the U.S. Patent and Trademark Office........

Read more: http://www.usnews.com/news/business/articles/2015/07/21/more-trouble-than-jobs-at-economic-agency-walker-championed

[Pharaoh]

1. I'm shocked I tell you Shocked!!

[Scuba]

2. It would be very difficult to overstate the level of corruption in Scott Walker's administration.

[riversedge]

3. now for the media to do its job!! (like this AP story

which just touches on the corruption of the Walker ADM)

[midnight]

4. I wonder when they investigate this?

"The Wisconsin Economic Development Agency arose out of Walker's 2010 campaign pledge to abolish the state's Commerce Department. But staff bolted during the new agency's transition out of state government, and the new agency lost track of $8 million in overdue loans. A 2013 state audit found that the agency routinely failed to adhere to its own rules or state law when awarding cash to businesses."