Answer by taking a quote from the following article:

Scott Kevin Walker (born November 2, 1967) is an American politician serving as the 45th and current Governor of Wisconsin since 2011. First elected Wisconsin Governor in the 2010 general election, he won a 2012 recall election and was reelected a second time in 2014. He is a former member of the Wisconsin State Assembly and a former Milwaukee County Executive. Born in Colorado Springs, Colorado, Walker was raised in Iowa and in Delavan, Wisconsin, before attending Marquette University.

In 2011, the WEDC was created by Walker as a quasi-public entity to replace the state's Department of Commerce with the objective of incenting job creation in Wisconsin. A 2013 report from the state's Legislative Audit Committee indicated that the organization gave some "grants, loans, and tax credits to ineligible recipients, for ineligible projects, and for amounts that exceeded specified limits." It also reported that WEDC "did not consistently perform statutorily required program oversight duties such as monitoring the contractually specified performance of award recipients". According to Wisconsin Public Radio, "The agency has been plagued by mismanagement and questions about handing out loans without properly vetting recipients."  In June 2015, it was reported that under Walker, WEDC gave out $124 million between the years 2011 and 2013 without formal review. Based on the 27 awards during that period, 2,100 jobs had been created to date out of a total expected of 6,100. $62.5 million was awarded to Kohl's to create 3,000 jobs as part of a headquarters expansion but only 473 had been created, $18 million was awarded to Kestrel Aircraft which was supposed to create 665 jobs but only created 24, and $15 million went to Plexus Corp. to create 350 jobs, but created zero. In July 2013, WEDC adopted a new policy requiring written reviews on all program awards. According to WEDC, it had approved more than 760 reviewed awards under the new policy by June 2015.  Walker introduced a state budget in February 2015 which removed all of the elected officials from the board. This included removing himself from chairmanship of WEDC. This was revised by the Legislature's budget committee who altered it to only remove Walker. Walker signed the budget in July 2015.

What was the WEDC?