dollar_signs.jpgTALLAHASSEE, Fla. (AP) _ A legislative report says it's too early to tell if investing state pension funds in Florida-based technology companies will create many news jobs in the state.

The Office of Program Policy Analysis & Government Accountability this week issued the study showing 176 jobs have been created so far through the investment of $73 million since June 2009.

The pension funds were used to buy interests in seven Florida-based technology companies and four private equity funds that invest in such firms.

Only three of the companies have created new jobs so far: 86 by a Longwood-based waste management company, 83 by a digital media firm in the Tampa Bay area and seven by a Winter Park medical device maker.