MADISON, Wis. (AP) -- Wisconsin's chief job-creation agency missed its goal for creating jobs last year.
The Wisconsin State Journal reports Wednesday that loans, tax credits and other programs offered last year by the Wisconsin Economic Development Corp. are expected to create just over 37,300 jobs. That is short of the agency's goal of 50,000.
The agency's leader, Reed Hall, says that target was overly optimistic. He says the new job creation goal for the current year is 20,825 and WEDC is on track to meet that.
The agency is also asking the Legislature's budget committee to withhold more than $18 million in funding since WEDC built a $34 million reserve. That was in excess of its target to have no more than 25 percent of its revenues in reserve.
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