Texas' tech fund halting grant applications - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Texas' tech fund halting grant applications

AUSTIN, Texas (AP) - The state's Emerging Technology Fund that was created to boost research and startup companies is out of money, at least for now.

And the state has stopped taking applications for future awards.

The Austin American-Statesman reported Wednesday that the fund is tapped out. That's even though the governor's office has committed only about half of the $203 million the Legislature appropriated for the fund.

Gov. Rick Perry's office blames slow federal payments for $50 million of the shortfall and a $50 million discrepancy in the appropriations process for the rest.

The emerging tech fund, along with the Texas Enterprise Fund, are two state accounts Perry champions as tools for helping to spur business investment and create jobs in the state.

Information from: Austin American-Statesman, http://www.statesman.com

  • Today's Local News HeadlinesToday's Local NewsMore>>

  • Bankruptcy case dismissed for Wyndham Garden Hotel in Amarillo

    Bankruptcy case dismissed for Wyndham Garden Hotel in Amarillo

    Tuesday, June 19 2018 11:16 PM EDT2018-06-20 03:16:53 GMT
    Site of the former Wyndham Garden Hotel in Amarillo, closed since September (Source: KFDA)Site of the former Wyndham Garden Hotel in Amarillo, closed since September (Source: KFDA)
    Site of the former Wyndham Garden Hotel in Amarillo, closed since September (Source: KFDA)Site of the former Wyndham Garden Hotel in Amarillo, closed since September (Source: KFDA)

    A shuttered Amarillo hotel may soon see changes after a court dismissed its bankruptcy case. 

    A shuttered Amarillo hotel may soon see changes after a court dismissed its bankruptcy case. 

  • MTK Foundation partners with Texas Tech to 'wreck' pediatric cancer

    MTK Foundation partners with Texas Tech to 'wreck' pediatric cancer

    Tuesday, June 19 2018 10:35 PM EDT2018-06-20 02:35:10 GMT
    The MTK Foundation is partnering with the Texas Tech University Health Sciences Center to 'wreck' pediatric cancer. (Source: KFDA)The MTK Foundation is partnering with the Texas Tech University Health Sciences Center to 'wreck' pediatric cancer. (Source: KFDA)
    The MTK Foundation is partnering with the Texas Tech University Health Sciences Center to 'wreck' pediatric cancer. (Source: KFDA)The MTK Foundation is partnering with the Texas Tech University Health Sciences Center to 'wreck' pediatric cancer. (Source: KFDA)

    The MTK Foundation, in honor of Madison Knebusch, who passed away at 16 from a rare form of cancer, is taking another step in its mission to find a cure for pediatric cancer.

    The MTK Foundation, in honor of Madison Knebusch, who passed away at 16 from a rare form of cancer, is taking another step in its mission to find a cure for pediatric cancer.

  • Potter Co., Xcel energy adapting as Bushland community continues to expand

    Potter Co., Xcel energy adapting as Bushland community continues to expand

    Tuesday, June 19 2018 7:13 PM EDT2018-06-19 23:13:47 GMT
    Residents travel to and from their homes in a newer Bushland housing development; Source: KFDAResidents travel to and from their homes in a newer Bushland housing development; Source: KFDA
    Residents travel to and from their homes in a newer Bushland housing development; Source: KFDAResidents travel to and from their homes in a newer Bushland housing development; Source: KFDA

    As the community of Bushland continues to expand residents will need more and better access to county services and utilities.

    As the community of Bushland continues to expand residents will need more and better access to county services and utilities.

Powered by Frankly