Shopko outsourced Wisconsin jobs after taking money from WEDC


Shopko outsourced Wisconsin jobs after taking money from WEDC


MADISON (WKOW) -- Another company that has received millions of dollars in tax credits from the Wisconsin Economic Development Corporation (WEDC) has since outsourced Wisconsin jobs overseas.

Since 2012, the Wisconsin Economic Development Corporation has awarded $2 million to Specialty Retail Shops Holding Corporation, a subsidiary of Sun Capital that serves as the parent company to Shopko, which is headquartered in Green Bay. $1 million of that award was for job creation tax credits.

To date, WEDC records show Shopko has created 94 of a planned 129 new jobs since the award was originally handed out.  

But a 27 News investigation found Shopko has also outsourced jobs to southeast Asia since receiving the award....

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Ken Notes: Simple - 2K per new job tax credit for ten years... If your numbers go down the credit goes away. No politics, easy to sell, easy to manage, cost effective, transparent, available to local ED professionals... What am I missing here???

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- - Volume: 4 - WEEK: 23 Date: 6/2/2016 8:40:19 AM -