9% of Wisconsin economic development awardees didn`t provide documentation

(The Center Square) – An audit of businesses that received grants and tax credits from the Wisconsin Economic Development Corp. resulted in 9% of businesses not providing the agency with documentation to prove they deserved the award.

An additional 19% of businesses didn’t keep the required paperwork and now understand what they need to keep in the future. Now, the WEDC must decide what to do about the businesses that did not provide the required proof.

The state collected 664 performance reports across the state from awardees and audited 80 of those included 40 tax credit workbooks...

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Ken Notes: The WEDC did go above and beyond by partnering with local organizations to get millions of federal dollars into the hands of businesses that would have otherwise failed. The issue was not the WEDC or the local groups, it was the individuals who thought they could take advantage of a difficult situation and cold call ever LLC and registered business in the state.