That last post pulled a set of things together. Let’s break them out as shorter pieces for folks with less time to read.
A Utah state audit found that the University of Utah had inflated its economic development figures.
USTAR, hailed as an engine for innovation, has exaggerated — by thousands — the number of jobs it has created and inflated — by millions — the amount of money it has brought in, a new audit says.
In a hearing in January 2014, a state senator had this to say (my bold):
State Senator Scott Jenkins (Republican – Plain City) sharply criticized the program. Jenkins said that a “culture of untruth and lies (has) come out of this group. You’ve presented us with ROI figures that were wrong. You’ve personally, not the current chair, but previous ones have personally lobbied me and fed me, literally, with food and other untruths that I feel somewhat offended about because it’s turned out that they’re not right. And it wasn’t one year or one report, it was a series of years and a series of reports and I believe to some extent that this has been a culture that has been generated to prop up USTAR and make it look good.” “If I was an investor right now today, I think I’d probably still pull my money out,” Jenkins said.
Want to see my shocked face?