1. 1 A Review: State Economic Development Programs Legislative Audit Bureau April 2007

2. 2 Scope of Effort u We identified 152 economic development programs u Eight state agencies are involved in administering these programs u The Department of Commerce is the lead agency for economic development

3. 3 Expenditures

4. 4 Key Findings u Identification of duplicative and outdated programs u Every part of Wisconsin was included in at least one type of development zone u Agencies report expected, rather than actual program outcomes u Individual project results are not consistently verified, compiled, and reported

5. 5 Recommendations u Confirm duplicative and outdated programs u Improve tracking and reporting of actual results and long-term success u Improve tracking of tax credits claimed u Review CAPCO program u Identify economic development liaisons and programs at UW and WTCS campuses u Report to Committee by February 15, 2007

6. 6 Items for the Legislature u Specify criteria for designation of future development zones u Establish clear, measurable goals to improve coordination u Reduce the number of programs by consolidating similar programs and eliminating inactive programs u Consolidate reporting requirements for state agencies u Improve transparency by making information more readily available to the public

7. 7 A Review: State Economic Development Programs Legislative Audit Bureau April 2007