Gov. Perry Announces $1 Million Enterprise Fund Grant to Authentix

"The Texas Enterprise Fund continues to be the most successfuldeal-closing fund in the nation, and this investment in Authentix willcreate new jobs for scientists, engineers and technicians, and benefitthe local economy," Perry said. "Today's announcement is yet anothersign that Texas remains one of the world's premiere places to dobusiness."

Headquartered in Addison, Authentix is a leader in the globalfight against counterfeiting and smuggling. The company utilizesnanoscale engineering to authenticate, track and tracepharmaceuticals, fuel, banknotes, tobacco, spirits, personal careproducts and agrochemicals.

"The governor's Texas Enterprise Fund grant was one of the primaryreasons we decided to move our existing manufacturing operations inPennsylvania to Texas," said David Moxam, Authentix president and CEO."The TEF helps Authentix offset relocation costs, and we're gratefulfor the State of Texas investment in Authentix as well as theassistance we've received from the Town of Addison. Texas is an idealenvironment for fast growth-oriented businesses. The access to talentand intellectual capital when matched with quality of life foremployees is unsurpassed."

In addition to the $1 million TEF award, the Town of Addison alsoassisted in Authentix's relocation.

"Authentix is one of the fastest growing companies in the Dallasarea and important contributor to the Addison economy," said AddisonMayor Joe Chow. "Their decision to expand is a testament to thebenefits of doing business in Addison, including proximity to awell-educated workforce, university researchers and airports."

The legislature, at Perry's request, created the TEF in 2003 andre-appropriated it in 2005 and 2007 to help bring new jobs to Texas.To date, the TEF has closed the deal on projects generating more than45,000 new jobs and $15 billion in capital investment in the state.