Wall Street Journal looks at the numbers and isn't impressed
(NEWSER) - Rick Perry often boasts of his $440 million Texas Enterprise Fund, which he says has created more than 59,000 jobs. But the program’s estimates often appear wildly exaggerated, the Wall Street Journal reports. A $50 million grant to Texas A&M for a new Genomic Institute, for example, has been credited with creating 12,000 jobs, but the Institute only actually employs 10 people. To get the 12,000 figure, officials tallied every job created since 2005 even vaguely related to biotechnology—including makers of dental supplies and fertilizer. More»
