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Nashville Draws $70 Million Corporate Finance Headquarters

A global asset management firm will build a $70 million corporate headquarters in Nashville, the state announced in a press release Wednesday, May 2. Tennessee Gov. Bill Haslam, Department of Economic and Community Development Commissioner Bob Rolfe and AllianceBernstein L.P. (AB) officials made the announcement. The relocation of its company…

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Diane Black Challenges Memphis Regional Megasite

Diane Black is taking on a sprawling West Tennessee industrial site that includes a 35-mile-long wastewater pipeline. The Republican gubernatorial candidate blasted the Memphis Regional Megasite in an op-ed that appeared in the April 25 Commercial Appeal. The state government has left West Tennessee “behind” through neglect, she wrote. “Infrastructure…

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Haslam’s IMPROVE Act Includes Same ‘Economic Development’ That Lost Millions in TNInvestco

Tennessee Star

  “A performance audit from the Tennessee Comptroller’s Office has revealed the State of Tennessee has only recovered $5.3 million of its initial $200 million investment in the TNInvestco program,”  according to a statement dated November 10, 2016, under the name of Justin P. Wilson, Comptroller, referring to a performance…

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Pure Foods Goes Bankrupt After Benefiting From $1.2 Million in Tennessee State Economic Development Funds

Less than two weeks before Governor Haslam introduced his IMPROVE Act centered on a gas tax increase for road funding, Pure Foods, Inc., a recipient of $1.2 million in state economic development funds, filed for bankruptcy.   The $1. 2 million from the state’s FastTrack Economic Development (ED) Fund did…

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