Tuesday, August 30, 2011

New state business development corporation hoping to avoid pitfalls

This article describes Wisconsin's effort to transition its econmic development department to a public-private hybrid agency.

The new Wisconsin Economic Development Corp. (WEDC) was created by Governor Scott Walker through  legislation signed in February abolishing the former Commerce Department and replacing it with the WEDC, an agency free of the regulatory duties that many felt hampered Commerce.

The new agency officially opened July 1 and agency officials are still working out the details of its operation.  They are trying to fill four vice president slots and several key director positions.“It really is like buying a house and trying to remodel it from the inside out,” said Mike Klonsinski, WEDC chief operating officer.

More here.

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