Perry Applauds State Fund To Attract Researchers
AUSTIN (AP) - Gov. Rick Perry is defending a state-run fund designed to attract high-tech researchers, businesses and jobs to Texas.
He told a venture capitalist summit Thursday that the government should play a role in enticing key research talent to the state.
Perry said Texas has become especially business-friendly thanks to relaxed regulatory policies, tort reform and an unwavering commitment to low taxes.
But he 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."
Perry said 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."
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