01/03/2012 02:57 pm ET Updated Mar 04, 2012

Rick Perry's Job Creation Partnership With Texas A&M Plagued With Problems

When Gov. Rick Perry in 2005 used one of Texas' largest-ever job creation grants to create a biomedical research center in Brazos County, he promised the $50 million would save lives and bring thousands of high-paying jobs to the state.
But more than six years later, those jobs have not materialized. A biotech firm based in The Woodlands that received 70 percent of the money, Lexicon, has laid off more than half its staff, shed its role in the project and transferred most of its early job creation obligations to its public partner, the Texas A&M University System. And the institute Lexicon and the A&M System teamed up to create, the Texas Institute for Genomic Medicine, or TIGM, employs just nine people.

Read more on The Eagle