Lawmakers have set a deadline for fixing a taxpayer-funded venture capital program. Auditors found numerous problems with TNInvestco, which gives state money to small businesses, in hopes they’ll become job-creating powerhouses.
Post Tagged with: "Bill Hagerty"
TNIvestco is supposed to turn small companies into business heavyweights, with the help of taxpayer dollars. But a comptroller’s audit says the program isn’t accounting for the money it’s spent. That makes it difficult to know how many jobs have been created with the state funds.
Tennessee’s top economic development official has raised his hand for a temporary job with Mitt Romney’s presidential campaign. Commissioner Bill Hagerty – a longtime Romney supporter – is taking unpaid leave from his state job.
A window and door manufacturer in Hendersonville is betting on a construction comeback. MGM industries will add 75 jobs over the next three years.
Legislation that’s up for what could be a final vote in the General Assembly Thursday would close some records in Tennessee’s agency whose job is bringing jobs to the state. While the Department of Economic and Community Development’s push for privacy has raised some alarm bells, even open government advocates concede some need for confidentiality.
Governor Bill Haslam unveiled plans Wednesday to cut more than a third of the staff at the Department of Economic and Community Development.