Months after Gov. Scott Walker’s flagship job-creation agency was formed in 2011, it gave a forgivable $686,000 taxpayer loan to a Sheboygan company planning to build a combination helicopter and corporate jet — even though the company had no experience in aircraft manufacturing and underwriters hadn’t reviewed the company’s finances in years.
But Morgan Aircraft hasn’t created the 340 jobs it promised by the end of 2015, did not make the promised $105 million investment and is not expected to repay the loan….
Via $700,000 WEDC loan to aviation company unpaid @ State Journal.