texas enterprise fund

Laura Skelding for The Texas Tribune

After 15 and a half hours of debate on hundreds of amendments to the Texas House budget, lawmakers in the lower chamber passed the two-year, $218 billion document, with 131 votes in favor and 16 votes against.

Photo illustration by Gage Skidmore / Todd Wiseman, Texas Tribune

Gov. Rick Perry made a name for himself luring businesses from other states to Texas with the help of the Texas Enterprise Fund. A new report by the state auditor shows the fund handed out millions in grants to businesses without requiring the companies to create jobs or even apply for the money.

Gov. Perry started the fund in 2003, with a goal of providing additional money to entice businesses considering expansion in or relocation to Texas.

SpaceX

The state of Texas is offering $2.3 million to SpaceX, a commercial spaceflight company with plans to build a spaceport along the Gulf Coast.

The plan to build a rocket-launch facility in South Texas has been years in the making, and while there are still a few finishing touches to put on the plan, it looks like everyone is on board.

Filipa Rodrigues for KUT News

Last night the Austin City Council approved a deal that offers nearly $680,000 dollars in incentives for athenahealth to expand in Austin. The grant will be offered in addition to a $5 million subsidy from Gov. Rick Perry's Texas Enterprise Fund.

But not everyone is happy with the deal. Some council members argue that the city’s booming economy doesn’t need to offer subsidies to bring business to Austin. (The deal passed on a 5-2 vote, with city council members Laura Morrison and Kathie Tovo voting no.)

Austin Monitor publisher Michael Kanin says that this debate is heating up as council members become increasingly divided on the issue of business incentives.

flickr.com/photos/57043777@N03/

A nationwide shortage of Sriracha sauce has fans of the hot stuff in something just short of a panic, but one state representative has a plan for Texas to come to the rescue.

State Representative Jason Villalba (R-Richardson) has propositioned California-based Huy Fong Foods Inc. to move its operations to Texas after production of the peppery product was halted due to complaints from citizens living near its factory in Irwindale, CA.

KUT's David Brown spoke to Villalba about state and city pitches to recruit Huy Fong, California's "over-regulated" business climate and his go-t0 Sriracha dishes.  

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