That program, the Texas Enterprise Fund, is opposed by Libertarians as a corporate welfare slush fund that burdens taxpayers, distorts the market, and leads to corruption.
According to Texas Governor Rick Perry's office, "The Texas Enterprise Fund (TEF) provides the state's leaders with a 'deal closing fund' that has the flexibility and financial resources to help strengthen the state’s economy."
Two problems with that claim:
1. Politicians shouldn't be referred to as "leaders."
2. Corporate welfare doesn't strengthen the economy, it only distorts the economy. The welfare requires higher taxes, and that makes Texas less attractive to every other business in the world.
Let's get some Libertarians elected and terminate the Texas Enterprise Fund.