Kevin Charles

Governor Perry Defends Hi-Tech Fund

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Mike Barajas — Texas Governor Rick Perry regularly blasts the federal government and says it needs to get out of the way but he is defending a program run by Texas that is designed to help high tech businesses in our state.

The Governor says Texas has become especially business-friendly, thanks to relaxed regulatory policies, tort reform and an unwavering commitment to low taxes.

But Perry also praised the Texas Emerging Technology Fund which his office controls. He said it had invested “more than $177 million in grant-matching and research superiority funds in Texas universities.”

The Governor says the fund helps the state attract top tech talent even though it can be a competitor with the private sector and noted that “there’s some people that get a little bit nervous about that.”

Still Perry told a venture capitalist summit that the government should play a role in enticing key research talent to the state of Texas.

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