Perry Donors Benefited From Tech Fund

By: News Team
By: News Team

The state of Texas has given more than $16 million to high-tech startups whose investors are big donors to Republican
Gov. Rick Perry.
The Dallas Morning News reports companies with ties to at least
eight big donors have received awards from the Texas Emerging
Technology Fund administered by Perry's office.
Perry says the donations played no role in the awards and he
often doesn't know who has invested in the companies.
The companies receiving state technology funds include Terrabon
Inc. of Houston. The Morning News says it got $2.75 million, and
its backers include Perry's college friend Phil Adams. Adams has
donated at least $314,000 to Perry's campaign.
Overall, the state has given $173 million to 120 companies
through the tech fund created in 2005.

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