MADISON - 2 companies fail after getting WEDC funds
Despite signs of trouble within the companies, Gov. Scott Walker’s jobs agency loaned about $1.4 million in taxpayer money to two northern Wisconsin firms that have failed to fully repay the loans or create hundreds of promised jobs.
The Wisconsin Economic Development Corp. sued the companies — Tomahawk Metal Products of Tomahawk and North American Finishing of Suring — along with four others for failure to repay state taxpayer-funded loans or comply with grant terms. The others sued since 2014 are TJ’s Taylor’s One Price Cleaners of Madison, Ratio Inc. of Monona, Building Committee Inc. of Milwaukee and Green Box NA Green Bay of De Pere.