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Print Edition StoriesWednesday, September 1, 2010
DeNucci says Mass. Tech Development overestimates jobs
By James M. Connolly
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Massachusetts State Auditor Joe DeNucci is taking on the Massachusetts Technology Development Corporation (MTDC) over job creation, saying the quasi-public agency that aids startup technology firms overstated the number of jobs it has helped to create.
DeNucci said in a press release that the MTDC’s job creation numbers are supposed to reflect jobs in Massachusetts, but that the agency’s numbers actually include both Massachusetts and out-of-state jobs. DeNucci, who has announced his retirement, said the MTDC compiled its figures from questionnaires sent to companies that received investment assistance from MTDC. According to DeNucci, the 18 companies tracked by MTDC in 2008 reported that 575 jobs were created, but he said 124 of those were out-of-state.
DeNucci’s report also said that not all companies responded to the questionnaire.
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