Perry’s Tech Fund Shows Gains Despite Bankruptcies
AUSTIN (AP) — More bankruptcies within Gov. Rick Perry’s portfolio of Texas startups getting taxpayer dollars didn’t dampen a better year on paper for the Emerging Technology Fund.
A new report from Perry’s office shows the fund value growing by $30 million above what taxpayers have invested in more than 140 companies. That’s a sharp increase from 2012.
At least 16 fund recipients have gone out of business, including three since last year. Those still in business reported modest overall job growth.
The report is unlikely to muzzle Republicans who’ve grown publicly weary of the state playing venture capitalist. Calls to eliminate the fund have become common at GOP campaign stops this primary season, casting doubt over one of Perry’s signature initiatives once he leaves office in 2015.
(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
- Thieves Leave No Mess While Taking ATM
- 5 Of Boxing’s Most Controversial Fights Ever
- Man Dead After Shooting In Oak Cliff
- Bush To Hand Campaign Tasks To Super PAC
- Peterson Skips Vikings Workouts
- Azle Residents Take Quake Concerns To Austin
- Cowboys’ Romo Update: Complication In Back Surgery
- TCU Students Demand Higher Quality Toilet Paper
- Garland Police Arrest Teen Suspect For 7-11 Clerk Murder
- Owner Reunites With Dog 4 Months After ‘Dognapping’
- PHOTOS: Your Pet Pictures