economic development

22 May, 2019

2019 Legislative Report: New exemptions to Public Records Act, and bills that failed or were delayed

By |2021-10-14T14:32:58-05:00May 22, 2019|Categories: economic development, exemptions, Legislature, Public Records|Tags: , , , , , , , , , , , , , , , , |0 Comments

Following is a list of new public records exemptions and other public record laws passed by the 111th General Assembly, plus some proposals that failed or were delayed until next year. TCOG 2019 Legislative Report (If you would like to print this, here is the legislative report in PDF format without photos.) The new exemptions add to a list that is nearing 600. Citizens can expect some bills related to public records to re-emerge when the Legislature reconvenes Jan. 14, 2020. One of the more significant bills that was delayed, but attracted a lot of attention late in the session, would create a process for an injunction against a public [...]

21 Mar, 2019

House bill to limit trade secret exception for government payments fails in subcommittee

By |2019-03-25T14:46:14-05:00March 21, 2019|Categories: economic development, Legislature|Tags: , , , , , |1 Comment

“It is we, the Legislature, representatives of the people, who should declare what is a trade secret and what is confidential (about government transactions). Not these private entities who are receiving government benefits.” State Rep. Martin Daniel, R-Knoxville, in presenting HB 370. House Bill 370, which would have limited the ability of businesses to claim a government payment to them as confidential under the trade secret law, failed in subcommittee on Wednesday. While my organization, Tennessee Coalition for Open Government, was disappointed in the vote, the issue got a fair hearing from the subcommittee and allowed us to share with lawmakers a potential problem. The bill would have changed the [...]

18 Feb, 2019

Washington Post story details Google techniques to keep economic development deals secret

By |2019-02-18T15:49:46-06:00February 18, 2019|Categories: economic development|Tags: , , , |1 Comment

A Washington Post story last week has detailed how Google, often acting through a newly formed company with a different name, secured non-disclosure agreements with government entities around the country as it negotiated and landed economic development deals valued in the millions of dollars. The city of Clarksville and the Montgomery County Industrial Development Board are among the government entities that signed non-disclosure agreements with Google, which eventually agreed to locate a data center in the county with a target investment of $600 million and 34 direct hires. From the Washington Post story, Google reaped millions in tax breaks as it secretly expanded its real estate footprint across the U.S.: Google — which [...]

10 Dec, 2018

Tennessee lags other states in tax credit transparency

By |2020-11-19T12:54:12-06:00December 10, 2018|Categories: economic development, Legislature|Tags: , , , |1 Comment

(Update 2-8-2020: The most recent annual report on claimed tax credits from the year ending in mid-June shows the annual carryover liability has grown to $1.3 billion. You'll find this information in the footnotes.) When it comes to transparency of state business tax credits given to companies as part of economic development programs, Tennessee lags other states in how much it reveals to the public. The amount carried over in economic development tax credits to be used by businesses against future taxes is nearly $1 billion in Tennessee. But who is receiving the credits is confidential, the state says, unlike in other states. The Department of Revenue last [...]

30 Sep, 2018

Google’s secrecy agreement with the Montgomery County IDB should be undone

By |2020-11-19T12:35:59-06:00September 30, 2018|Categories: economic development, exemptions, Legislature|Tags: , , , , , , |0 Comments

The Google groundbreaking via WRKN February 2018. On Dec. 22 2015, the Industrial Development Board of Montgomery County entered into a “Payment in Lieu of Tax Agreement” with Google “to induce” it to build and operate an information technology center near Clarksville. It provided that: Google, through its company Foxman LLC, would take over property (which the government had purchased with taxpayer funds) through a lease agreement; The industrial development board would issue as much as $2 billion in industrial revenue bonds to help Google finance additional facilities and equipment on the property, and; Google would be relieved from paying any taxes on the land for 20 years, [...]

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