Tennessee Doles Out $108.5 Million in Economic Development Grants in First Half of 2021

The Tennessee Department of Economic and Community Development awarded more than $108.5 million in FastTrack economic development grants between 51 businesses in the first half of 2021, according to a database from the department.

The largest was a $60 million grant to Ultium Cells for its $2.3 billion investment to create 1,300 jobs with its 2.8-million-square-foot plant in Spring Hill to build vehicle battery cells.

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After Seven Years of Record Growth, Governor Haslam’s Final Budget For 2019 Is Flat From 2018

For the first seven years of Governor Haslam’s term, his budget for the State of Tennessee grew a record $30.2 to $37.3 billion, but the upcoming budget for 2018-19, Haslam’s final year in office, is basically flat at $37.5 billion. Budget appropriations are stated in three categories: State at $17.7…

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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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