Crony Capitalism

WEDC grants Kohls up to $62.5 million in state taxpayer subsidies, but multi-billion-dollar company falls far short of stipulated goals

But there’s another Kohl’s story Walker doesn’t tell.

It’s about the $62.5 million package of tax credits given to Menomonee Falls-based Kohl’s Corp. — the biggest state subsidy for creating jobs under the Walker administration — that three years later isn’t generating the promised jobs or capital spending.

The deal allows Kohl’s to collect tax credits annually for each created job that meets certain criteria — even if that position vanishes after a year.

Via Scott Walker’s untold story: Jobs lacking after big state subsidy of Kohl’s stores @ WisconsinWatch.