Emerging Technology Fund
The Texas Legislature has abolished a technology incentive program that former Gov. Rick Perry used to distribute $200 million in taxpayer funds to Texas startups.
The Texas House has preliminarily passed a plan revamping the state’s economic incentive programs, including dissolving a pet fund of Rick Perry that funneled $200 million in taxpayer dollars to startups.
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.