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Audit Of Texas Enterprise Fund Raises Questions

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.