An independent audit of Governor Rick Perry’s job-creating Texas Enterprise Fund shows the Governor’s Office awarded over 200-million dollars to companies and universities that never submitted an application for the grant.
The 98-page report conducted by the State Auditor’s Office shows half of the companies that received the state’s economic incentives never provided a specific contract. They also didn't make a promise for creating a single job or growing the economy in Texas. That is a mandate by the Texas Legislature in order for these companies to receive this type of incentive.
The Enterprise Fund was created in 2003 as a way to entice companies to relocate their business to Texas.
