Economic Development Association Hopes Audit Becomes A Vehicle for Positive Change

(Madison, WI) - The Wisconsin Economic Development Association (WEDA), a statewide nonprofit organization representing nearly 400 members from both the public and private sectors, recognizes the efforts recently made public by the Legislative Audit Bureau (LAB). The LAB's report, which canvassed Wisconsin's economic development policy and programming should serve as a baseline for economic development program evaluation and improvement.

In many respects, the results are not surprising-complicated, antiquated, over-subscribed economic development programs. This is a complex issue that will require complex solutions. WEDA is committed to help develop and implement meaningful reforms and to reinforce what works well. The LAB report is lengthy and detailed and WEDA will present a comprehensive response at the August 29 hearing before the Legislature's Joint Audit Committee; realizing that the legitimate issues raised cannot be solved either overnight or by one entity.

As Wisconsin's premier economic development advocate and leadership organization, WEDA recognizes the value-added benefits associated with sound policy and programming. Economic development is of utmost importance to Wisconsin. This is reflected in the myriad of organizations that are involved in economic development at the state, regional, and local levels. Economic development activities include: fostering entrepreneurial activity, existing business expansion/retention and new business investment opportunities and business recruitment, all of which require active, cooperative public/private partnerships. WEDA relishes this opportunity to roll up its sleeves and work cooperatively with the Administration and Legislature to improve Wisconsin's economic development climate.