WEDC Improperly Gave Out More Than $400K In Tax Credits, Early Report Finds

According to a preliminary report, Wisconsin’s jobs agency has improperly awarded more than $400,000 in tax credits to businesses around the state.

Since going public about potential errors in its tax credit program last month, the Wisconsin Economic Development Corp. has reviewed 18 of 222 jobs-related tax credits given out since 2006.

According to a preliminary report, released by the agency Thursday, it has improperly awarded hundreds of thousands of dollars to businesses that didn’t meet their stated jobs goals.

A spokesman for the agency said WEDC is, “proactively reviewing and transparently self-identifying any adjustments to past verifications.”

The agency hasn’t shared plans for recovering any improperly awarded funds.

A full review of all of the jobs-related grants, which totaled sixty five million dollars, is expected in August.