October 2, 2014

Head of WEDC resigns

The head of a state economic development agency is stepping down. Wisconsin Economic Development Corporation CEO Paul Jadin announced Thursday that he is leaving the public-private agency to take over as president of Thrive, a partnership focused on similar efforts in south-central Wisconsin. He’s expected to leave the agency in November

Jadin was the first head of the WEDC, which was created shortly after Governor Scott Walker took office to help revitalize the state’s business climate and attract new companies to the state. His decision to leave comes just months after questions were raised about tax breaks the agency offered to a Stevens Point company if it was able to secure a multi-million dollar state contract.

In a statement, Governor Walker praised Jadin for helping to build a strong foundation for the agency as it moves into the next phase of encouraging private sector job growth. Walker says a nationwide search will be launched for a new CEO.