http://www.washingtonmonthly.com/political-animal-a/2012_12/publicprivate_cooperation_wink042059.php
Several states, most of them led by Republican governors, have experimented in recent years with the idea of turning their economic development agencies over to semi-private management. The results have not been uniformly successful. Many of these organizations are struggling to balance job creation with public accountability.
Goodman goes on to report serious problems for the Wisconsin Economic Development Corporation, a Scott Walker policy love child that made loans to businesses with little if any oversight or accountability, leading to the recent resignation of WEDC’s chief financial officer. And Wisconsin’s not alone:
Similar semi-private agencies in other states have had their share of controversies. Both the Arizona Commerce Authority and JobsOhio have been lighting rods for criticism, with opponents arguing that they haven’t been transparent enough about which companies receive financial aid and how they are selected. JobsOhio’s future is also clouded by litigation challenging the organization’s constitutionality and the legality of its planned primary funding source, the lease of state liquor stores.the right wing desire to implement their money driven agenda has taken over sense and sensibility, the just want, no research just "me want, me take, me screw you in the process". not really a good plan, if they bothered to look around the people and courts are not really going their way not to mention prototypes elsewhere are proving it just another republican get rich quick off the people scheme that has no legs.
Meanwhile, the Indianapolis television station WTHR reported this week that Indiana State Senator Mike Delph introduced legislation requiring the partially privatized Indiana Economic Development Corporation to report how many of the jobs companies promise under its deals end up being created. Those numbers are currently kept private. “The bottom line is people have a right to know how their tax dollars are being spent,” Delph said.
still waiting tick...tick...tick.
