Tuesday, December 18, 2007

The Enterprise Fund has awarded $233 million - almost two-thirds of its total grants - to companies that have publicly announced layoffs or have failed to meet job requirements of their agreements with the state. Companies with layoffs or meager job growth are often protected from facing penalties. The three companies that have been required to return a portion of their grants for failing to meet job targets have collectively returned less than one percent of their total grants.

Read the report