A new audit is highly critical of the incentives the state gives to the film and TV industry. The comptroller’s report questions more than $25 million dollars in payouts and how that money was distributed.
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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.
Senate Speaker Ron Ramsey is criticizing the administration of former governor Phil Bredesen for agreeing to deals to recruit businesses to Tennessee. Ramsey says he plans to meet with the state’s former top recruiter to find out what exactly is in those deals.
The man charged with bringing businesses to the Tennessee says some gubernatorial candidates have shown an interest in continuing to woo clean energy firms.
The Tennessee Valley Authority’s current clean energy strategies could make it difficult to attract more solar energy companies to Tennessee.