He has created two funds. One, the Texas Enterprises Fund, gives out grants to companies, many of them established companies such as the ones mentioned in this article, to locate facilities in Texas when they otherwise might locate them somewhere else. The Texas Enterprise Fund does not have as part of its mission statement that applicants must be start-ups. Is there any question that the companies mentioned in this article received funds from the Texas Enterprise Fund?
The other fund is the Texas Emerging Technology Fund which has as its purpose to invest in new technologies that otherwise would not make it into the marketplace. None of the companies mentioned in the article received an investmetn from the Texas Emerging Technology Fund.
So on this point this article is spreading inaccurate information.
“He has created two funds. One, the Texas Enterprises Fund, gives out grants to companies, many of them established companies such as the ones mentioned in this article”
In either case, it is crony capitalism, since both funds are underwritten by the taxpayers. The companies benefiting from state taxpayers largesse are contributing some of those same bucks right back to Rick Perry.
You make a distinction which is irrelevant.