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A recent report on the TEF document shows that 54,954 direct jobs were created at a cost of $7,455.52 per job, or a total of 190,360 direct and indirect jobs were created, at a cost to the state of $2,308.98 per job since it was established. Considering that the federal government crows about creating a few hundred job that cost the taxpayers over $100k per job, it looks like Texas has the right idea. If Perry had $800 billion to spend on job creation like Obama did, by this calculation, he could have created 107,303,045 direct jobs.

The program also had an amazing return on investment. The state was getting back from a LOW of 27x the investment up to over 100x the investment in increased Gross State Product. And the direct return to the state (increased revenue to the state through taxes) averaged 652%. That means the state received $652.00 in new tax revenue for every dollar invested. This has got to be one of the most effective economic stimulus programs in history!

Thanks to cripplecreek for providing this information. I never realized how effect the TEF program was at job creation. I'll be sure to post this information every time someone brings the subject up.

Texas Enterprise Fund