Auditor: Many Pa. grants to business fail to save or create jobs
Eugene DePasquale critiques DCED grants
44 percent of Pennsylvania taxpayer grants from several state programs to businesses produced no jobs or failed to save the jobs they were designed to preserve, state Auditor General Eugene DePasquale says in this report: http://www.auditorgen.state.pa.us/Media/Default/Reports/DCEDFinal12914.pdf
UPDATE: Gov. Tom Corbett's Department of Community and Econmic Development chief, C. Alan Walker, posted this response: http://www.newpa.com/sites/default/files/uploads/DCED_Response_to_Auditor_General_memo.pdf arguing that the agency was collecting extra interest from some companies that failed to hire, suggesting DePasquale should have also counted programs that only pay companies after jobs have been created, and citing or promising improvements designed to hold companies that pick up taxpayer money more accountable.