ECD Hands Out Corporate Welfare to Company Moving to Cleveland, Tennessee

  The Tennessee Department of Economic and Community Development will reportedly bestow corporate welfare upon a new business in Cleveland, near Chattanooga. This, according to this week’s Cleveland Daily Banner. The reported recipient of this money is called Triumph Sheets LLC, an affiliate of Schwarz Partners. An unnamed representative of…

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Two Men Allegedly Commit Fraud on Bledsoe County and the Tennessee Government

  Two men took government money and promised to bring 1,000 jobs to Pikeville in Bledsoe County, but they ended up not fulfilling their end of the agreement, according to various news outlets. They ended up taking a sizable amount of money from the government they weren’t entitled to, according…

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New Memphis TV Show ‘Bluff City Law’ Wants Corporate Welfare

Memphis officials want corporate welfare for a new fictionalized drama that could film regularly on location in the city and air on NBC, according to The Memphis Business Journal. The show’s working title — Bluff City Law. The website compares these potential incentives to what state officials gave the ABC…

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Tennessee’s Electrolux Disaster ‘The Worst Such Deal’ in State History, Financial Expert Says

The decision to give away more than $100 million in corporate welfare to lure Electrolux to set up shop in Memphis was so bad it was “the worst such deal in Tennessee history,” according to Bloomberg.com. In an article released this week, the national financial news website held nothing back…

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Companies Use Corporate Welfare to Pit Tennessee and Mississippi Against One Another

One could argue corporations play the Tennessee and Mississippi state governments against one another to get the best corporate welfare deals possible — at the expense of taxpayers in both states. Here’s how it works. Companies wait for Tennessee and Mississippi to pony up their incentives. Company leaders can only…

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Tennessee, Nashville Officials Say All Is Well For Amazon to Open Operations Center With Up to $102 Million in Incentives

Tennessee and Nashville officials say they do not expect Amazon’s brush-off of New York to affect the retail behemoth’s decision to open an operations center in Music City. Amazon last Thursday said it would not build its second headquarters in New York City, called HQ2, because of pushback there, The…

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Volkswagen Reportedly Demanded Things from Tennessee Officials Before Announcing Chattanooga Electric Car Plant

Tennessee officials reportedly made concessions to Volkswagen to get the company to construct a new electric vehicle plant in Chattanooga, according to The Chattanooga Times Free Press. But, as the paper went on to say, state residents may not yet see a list of those concessions, which are apparently financial.…

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TV and Film Producers Who Cheat Tennessee Taxpayers Might Go to Jail

tv film production

A federal appeals court just ruled that states that hand out TV and film credits — as Tennessee does — can prosecute people who lie or mislead to get those corporate welfare benefits. Tennessee gave out millions of dollars in incentives to the fictionalized TV drama “Nashville” and more than…

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