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Bachmann says Perry doled out $35 million in state funds to Lexicon Pharmaceuticals, a new company created by backers of Perry’s campaign for governor.
State records showed Lexicon received the money from the Texas Enterprise Fund, a state operation established by the jobs creation legislation that Perry championed as governor. The company never created any jobs with the money.
Lexicon was part of Lexicon Genetics, which received $35 million in 2005. The company promised to create 1,662 jobs in Texas. The company never created any new jobs and its employment has actually dropped from 600 to 290 since receiving the money. Most of its employees are based outside of Texas.
Perry’s campaign refused to comment on the specifics of the Lexicon deal but claimed Bachmann is running a “smear” campaign.