Walker’s budget would re-establish WEDC loan program, bar forgivable loans

Photo by Michelle Stocker, The Capital Times
Photo by Michelle Stocker, The Capital Times

Gov. Scott Walker is proposing to let the Wisconsin Economic Development Corp. give out business loans again after the current budget phases out WEDC's main loan program.
WEDC is still currently authorized to issue loans under its Business Opportunity Loan Fund, though that authority will go away in June under the 2015-17 budget.
Walker's budget proposal would establish a loan program at WEDC and require the agency to use money it's already recovered instead of pumping new state dollars into the program, giving WEDC officials "a real incentive to recoup" dollars it loans out, Walker said Monda...

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