“In Texas, known for its generous economic development incentives, a legislative committee recently challenged the state’s handouts citing a lack of measurable results, possible favoritism in selecting companies and a gap in offering programs for small- and midsize businesses.
The report led to Texas Gov. Greg Abbott recommending an end to the Emerging Technology Fund, a program where the state invests in early-stage companies. Although touted and used generously by former Gov. Rick Perry, Texas lawmakers question the state’s role in choosing firms in which to invest.”
From Phoenix Business Journal, The unanswered question of incentives: Will the jobs come without them?