From the article....
In a statement, Gov. Perry spokesperson Lucy Nashed defended the Texas Enterprise Fund as an essential tool for economic development in the state.
“The Texas Enterprise Fund is a critical deal-closing tool that has helped attract businesses to Texas that have in turn created thousands of jobs and billions of dollars in capital investment, and the Legislature has continued to recognize its value by reauthorizing it every session since it was created,” reads the statement.
“This audit confirms that funds awarded through the program have been allocated in accordance with state law. Administrative processes and procedures are regularly reviewed and updated as necessary to ensure effective, efficient and responsible distribution and oversight of all TEF awards.”
While I’m not happy with many of Gov Perry’s decisions ...I am thankful for the economy we have been blessed with. Sounds like they’ve followed the required processes. Time will tell, if they, for some reason, have not.
I’d also take Gov Perry over what we currently have in the White Hut.
The fund doled out just over $500 million for just 48,000 jobs. That’s over 10k per job. The state only spend $4,500 per student in our public schools.
Something is really wrong with that.
Plus, you can’t call yourself a free market capitalist if your subsidizing businesses, especially businesses that don’t need it. Does the Jon Huntsman Corp need it? Does USAA, Visa, CITGO, Apple, or Facebook need our taxpayer dollars?