March 3, 2011
Economic development is a competitive game, and Texas plays it as well as any other state in the nation. That could be part of the explanation why Texas cities took six of the top 21 spots of most recession-proof metro areas in 2010, according to MetroMonitor, a quarterly report released by Brookings Institute's Metropolitan Policy Program.
Perry also can allocate tax dollars from the Texas Emerging Technology Fund, which has distributed more than $342 million since its first collaboration between Texas Tech University and Bayer CropScience in May of 2006. The fund, which has about $21 million remaining from the last biennial appropriation, targets high-tech startups recommended by a committee of 10 Perry appointees.