The Corruption of DECD

Connecticut's Department of Economic and Community Development (DECD) needs to go.  In the realm of trying to create new businesses and attract new businesses it has done little to help Connecticut's chronic recession and debacle of an economy.  It has wasted a great deal of Connecticut's Taxpayers money over the years. 
Some of the new scandals and wastes of money include a Suffield firm that received $3.5 million dollars in loans and still went bankrupt and the new allegations this week that were reported by the Yankee Institute's Marc Fitch (https://yankeeinstitute.org/2019/08/13/the-fitch-files-whistleblower-complaint-alleges-decd-gave-second-loans-modifications-to-delinquent-borrowers/) about a DECD employees complaint about companies that were delinquent with loans kept getting new loans.  For example Connecticut Casket Company received over $850,000 in three loans even though they were delinquent on the first and second loans.  They also received an initial $100,000 grant in 2012.
Other examples are found in Fitch's article highlight the other illegal loans that were made since the businesses were delinquent in their initial loans and or did not meet the job creation requirements that the grant or loan stated.  Also a 2017 State audit found issues with excessively high fees paid to third-party lenders for loans. 
To me what is going on at the DECD is fraud.  You can't make these types of loans in our banking system.  I have tried to read and reread the DECD Annual Report and in some areas it defies economic logic as to what Connecticut is spending on supposed new job creation.  If Connecticut was not so anti business and a high tax state it would not have to bribe companies to stay and or relocate to Connecticut.  And what business in their right mind would want to relocate to Connecticut with all of its economic problems and high taxes it has?  The DECD has done little to improve the state's economy and the results are found in Connecticut's chronic last and or bottom ranking in most economic and business categories.
The Connecticut Democrat Party's constant pay-to-play rules of doing business in the state including a total lack of oversight at the DECD have been a constant factor in the ruining of our economy.  While the nation prospers Connecticut continues its constant march into economic oblivion. 
Supposedly business savvy Governor Ned Lamont should actually show some leadership by dismantling the DECD and lowering taxes to achieve economic stimulation and growth in Connecticut.  The DECD does not make economic sense for the state as it just wastes Connecticut Taxpayer's monies on a daily basis.  And maybe someone in our state legislature would be dynamic enough to order a full forensic audit of this agency and clean it up to close it down.  The money spent on this agency could go to lowering taxes on Connecticut businesses and the laws of supply and demand could actually be seen once again in Connecticut.