AUSTIN, Texas (AP) - A new study says two-thirds of Texas Enterprise Fund companies that had to meet job-creation goals in 2009 to get taxpayer money failed to bring in promised jobs.
Texans for Public Justice reported Wednesday that the percentage is up from the previous year.
Gov. Rick Perry points to the fund as an effective tool to help lure businesses to the state. The fund is a deal-closing account created by the Legislature at Perry's urging.
The study looked at compliance reports filed by 50 enterprise fund companies. It found that 33 of those projects failed to deliver on their job promises for 2009. Some companies had their state contracts amended to reduce their job-creation requirements.
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