WEDC CEO lays out reform plan on Capitol City Sunday - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

WEDC CEO lays out reform plan on Capitol City Sunday


MADISON (WKOW) -- The man trying to lead Wisconsin's top job creation agency says he is implementing a four-step plan to put it back on the path towards credibility.

The Wisconsin Economic Development Corporation was in the news a lot last year for all the wrong reasons.  But CEO Reed Hall says he is trying to make sure those days are over.

Hall is the featured guest on Capitol City Sunday this weekend.

It was last September when Governor Scott Walker had to answer questions about the agency he created when it lost track of $56 million dollars in loans, $12 million of which had gone unpaid for months.

But Hall says that problem is being rectified.

"In a nutshell, we're moving WEDC forward to look more like a bank," said Hall.

Hall says the agency just got its first certified audit and is interviewing candidates for a new Chief Financial Officer and other positions.

"We've created a new position right out of the banking industry, a Vice-President of Credit Risk Administration.  That person will be responsible for all the loans in the organization," said Hall.

In addition, the agency is about to replace its 20 year-old software system that it used to track those loans.

"Based upon some experiences from the banking industry, we should be able to obtain a new computer system that will serve us very well not only for our loans, but our grants and our tax credits," said Hall.

In the second half of the show, John Leonard, a Religious Studies Professor at Madison Edgewood college joins Host Greg Neumann to talk about the potential impact of Pope Francis on Wisconsin Catholics.

"The emphasis seems to be on pastoral care with an eye towards the poor.  And that is very popular among American Catholics, American progressive Catholics especially where this is something that everyone's been saying, 'could we get back to the Gospel,'" said Leonard.

Capitol City Sunday airs at 9:00 a.m., right after This Week with George Stephanopoulos.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WQOW. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's pubic inspection file should contact News Director Dan Schillinger at 715-852-5920. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at