Attracting new jobs to Tennessee in 2020 has cost taxpayers 25% more in FastTrack economic incentive grants than last year, according to data from the Tennessee Department of Economic and Community Development (TNECD).
The TNECD has spent an average of $5,448 this year for each new job commitment incentivized by a FastTrack grant. Rural job recruitment proved particularly costly. On average, the state provided $9,765 in FastTrack grants per rural job – more than three times last year’s average.
Read More