Economic and Community Development

State officials will add a provision to deals with companies to recoup taxpayer money if the companies fail to meet stated job creation goals, a spokesman for the Department of Economic and Community Development said.

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Gov. Bill Haslam’s administration is giving up on a plan to solicit more detailed information from companies receiving taxpayer-funded grants after hitting a snag in the Senate over which details should be made public. Sen. Bo Watson, a high-ranking Republican who is carrying the measure, opted to shove the bill in a defunct subcommittee that […]

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The program budget would more than double under a bill approved by the state House Wednesday and proposed by the governor. Winning businesses could use the FastTrack grants to pay for expenses such as temporary office space and building repairs.

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Tennessee makes it near impossible for taxpayers to see and understand online how their money is being spent, according to a study by U.S. PIRG. The state garnered 51 out of a possible 100 points in the group’s study of financial transparency, putting Tennessee near the back of the pack among the states.

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The Haslam administration bill would seek more information from businesses seeking government handouts than the Bredesen administration did, but lawmakers are still debating whether some of those details should be open to the public.

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A Gov. Bill Haslam-backed legislative proposal to offer secrecy to businesses applying for millions of dollars in state grants is up for a vote in the Senate Thursday. Last week in Nashville during the Tennessee Press Association’s Winter Convention, Elenora Edwards, managing editor of TPA’s statewide trade publication, took the governor to task somewhat on […]

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A legislative effort to prevent the public from seeing certain information state government wants to collect from businesses seeking millions in Tennessee taxpayer-financed handouts got bogged down Monday night amid concerns over the bill’s scope. Lawmakers on the floor of the Tennessee Senate debated for about half an hour whether the Department of Economic and […]

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The governor wants to pump $70 million into the Fast Track grant program which is used to entice companies like Amazon to locate in Tennessee in addition to tax incentives and tax credits. Under a bill that gained committee approval Tuesday, the state would collect more information from applying businesses but share none of it with taxpayers.

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Press Release from Rep. Mike Harrison (R-Rogersville); Jan. 19, 2012: Pet Products Manufacturer to Create 33 New Jobs in Hawkins County NASHVILLE, Tenn. – Earlier today, Governor Bill Haslam and Economic and Community Development Commissioner Bill Hagerty joined with Ware Manufacturing, Inc. representatives to announce the company’s decision to expand its Surgoinsville facility. The expansion […]

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Press Release from Department of Economic and Community Development; Jan. 18, 2012: Trade Mission Focusing on Medical Device Manufacturers, Applications Due Feb. 1 NASHVILLE – The Tennessee Department of Economic and Community Development announced today that Commissioner Bill Hagerty will lead ECD’s trade mission to China and South Korea April 15-21, 2012 that will focus […]

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The lieutenant governor says lawmakers need more information about deals the Bredesen administration struck to lure Internet retailer Amazon.com and appliance maker Electrolux here, criticizing the agreements as “cloaked in secrecy.”

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Haslam’s loosening of former Gov. Bredesen’s stringent financial disclosure rules was displeasing to some. But TN standards for public officials are basically in line with other states.

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