A Rick Perry Research/Jobs Effort That Flopped

January 3, 2012

In Texas and in his campaign for the Republican presidential nomination, Governor Rick Perry has boasted of his administration's efforts to promote job growth. As The Bryan/College Station Eagle reported, one of his largest such efforts was a $50 million grant in 2005 to create a business-university biomedical research center. He promised at the time -- when some questioned the size of the investment -- that the state would benefit from thousands of new jobs as well as life-saving medical breakthroughs. The Eagle examined the project today and found that the business that received more than 70 percent of the funds has since eliminated the jobs of half of its employees, and given up its role in the project. The university partner, the Texas A&M University System, has kept the program alive, and the program currently employs nine people.


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