Snotty's "New Businesses Created" list, a revealing look [View all]

[mojowork_n]

Excerpts:

....The problem for Walker, though, is that the most recent QCEW's numbers show that he has only created 4,024 new businesses since he took office and that he isn't on pace to hit his pledge of 10,000 new businesses by the end of 2014.

Instead of admitting his shortcoming, Walker searched high and low for a different measuring stick. He discovered that the Wisconsin Department of Financial Institutions (WDFI) keeps track of something called "business entities" created and... voila! ...found that as of August of this year, over ELEVEN THOUSAND new "business entities" had been created since he took office! Cue the victory lap!

The problem with the WDFI numbers is that a great deal of the “business entities” it counts are not, in fact, the "new businesses" that Walker had in mind when he made his pledge. Many are out-of-state corporations that have to file papers in Wisconsin, but have no real physical presence in the state, many are multiple filings for one business, and over 35,000 of the "businesses" Walker is using in his formula are something called "non-stock corporations" which are business-sounding but are actually Little League Teams, Girl Scout Troops, Lions Clubs, and other community organizations or non-profits....

....in Walker's list of new businesses, he is counting 241 organizations with "club" in the title, 102 with "friends," 75 condo associations, 458 associations (mostly real estate), 360 foundations, 211 churches and over 200 with football, baseball or some other sport in the name.

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