Financial Firms Fail To Meet Job Targets

The movement of that money and the governor's reluctance to release the Countrywide and Washington Mutual annual job reports point to a lack of accountability for the funds, said Baylor of CPPP.

"It is not an open book," Baylor said. "They provide as minimal information as possible. When that happens, when there's not enough sunshine, you have this very dark, cloudy situation."

The governor's office said enterprise fund companies are held accountable under "clawback provisions" that require repayment of some money if job totals aren't met. Countrywide could have to repay the state $854 for every job not created, and Washington Mutual could be forced to pay back $850 per job.

Those repayments would be only a portion of the initial multimillion-dollar grants.