Wisconsin Act 125
In August of 2006, the Legislative Audit Bureau released an audit of the State of Wisconsin's economic development programs. The Audit identified 152 programs that provided financial and technical assistance to businesses, individuals, nonprofit organizations, and local governments. These programs focused on creating jobs, attracting, expanding and retaining businesses, or otherwise encouraging economic growth. The audit recommended that accountability could be improved by standardizing each state agency's reporting requirements pertaining to project costs and benefits to the public. On March 20, 2008, Wisconsin Act 125 was signed into law to implement these recommendations and to generate efficiency, accountability, and transparency in the state programs concerning economic development.
The annual reports found here implement the goal setting,
benchmarking, and reporting responsibilities contained in 2007
Wisconsin Act 125. New annual reports published each October 1
contain program descriptions and awards information for the most recent
fiscal year along with updated project information for prior years since fiscal year 2008.
View the entire legislative act (86 KB pdf)