Image: Tennessee Rep. William Lamberth, R-Portland, presents a franchise tax refund and repeal bill in the House Finance, Ways and Means Subcommittee. Image Credit: capitol.tn.gov The Center Square [By Jon Styf] – Tennessee’s franchise tax repeal and rebate appears headed to conference committee after the Senate refused to concur with House amendments Thursday. The House […]
Image: Tennessee Comptroller Jason Mumpower, second from left, talks during the Funding Board meeting on Monday, March 25, 2024. Image Credit: Tennessee Funding Board The Center Square [By Jon Styf] – The Tennessee State Funding Board approved $10.3 million in incentives for seven companies at its Monday afternoon meeting. The largest was $3.4 million to […]
Image Credit: Bridgetown Natural Foods / Facebook The Center Square [By Jon Styf] – Bridgetown Natural Foods is receiving $1.3 million through incentives for its $78.3 million manufacturing and distribution facility in Tennessee. The project in Lebanon is being awarded a FastTrack Job Training Assistance Grant that was not disclosed Wednesday and was first listed […]
Image Credit: Canva The Center Square [By Jon Styf] – Tennessee’s Department of Economic and Community Development has handed out more than $8.8 million in incentives since it last posted FastTrack incentives for February. Those include $3.4 million to Schneider Electric in Mount Juliet and Smyrna, $2.5 million to Shoals Technologies Group in Portland, $1.6 […]
Image Credit: Erik Mclean / Unsplash The Center Square [By Jon Styf] – Custom Foods of America in Knoxville will receive a $1.5 million incentive while NewBasis in Lebanon will get $900,000 from Tennessee’s Department of Economic and Community Development as more than $10 million in incentives were approved unanimously without board discussion at Thursday’s […]
Image Credit: Axle Logistics / Facebook The Center Square [By Jon Styf] – Tennessee’s Department of Economic and Community Development is giving Axle Logistics a $5 million incentive for its $37.9 million expansion in Knoxville. The company said it plans to add 651 jobs over the next five years. The company expects to build an […]
Image Credit: TNECD / YouTube The Center Square [By Jon Styf] – Tennessee gave out an average of $5,895 in FastTrack incentive grants for each promised job in 2023, down from $7,385 in 2022, according to data from Tennessee’s Department of Economic and Community Development. Overall, the 2023 numbers are just below the $5,754 average […]
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