MADISON, WI (AP)-- A report finds Wisconsin's troubled job-creation agency handed out more awards last year but created fewer jobs.
The Wisconsin Economic Development Corporation released its annual report Friday. The report says the agency awarded nearly $90 million more in economic development awards last year than the previous year. But those awards are expected to create or retain almost 6,000 fewer jobs and result in $400 million less in capital investment.
The Wisconsin State Journal reported Tuesday most of the additional funding resulted from a historic rehabilitation tax credit that Gov. Scott Walker and the Legislature expanded in 2013. But even without those credits, total awards increased $13.5 million, while job creation and capital investment dropped.
A WEDC spokesman says job numbers dropped because of declining interest in a tax credit program.
