U.S. Rep. John J. Duncan Jr.

13 Jan, 2015

TVA denies News Sentinel appeal to release incentives for auto-parts maker

By |2015-01-13T10:31:31-06:00January 13, 2015|Categories: economic development|Tags: , , , , , |0 Comments

The Knoxville News Sentinel reports that TVA has rejected the newspaper's appeal to reveal the incentives given to a South Korean company to expand its auto-parts manufacturing plant in Clinton. The contract for the incentives is already signed, and the deal is done, but the government-owned utility said it would hurt its competitive advantage if it revealed how much money it gave SL Tennessee. Here is an excerpt from the story, written by reporter Bob Fowler, which can be found online at knoxnews.com. At issue is what types of lures TVA dangled before a South Korean company — SL Tennessee — in exchange for its announcement last summer that it [...]

3 Dec, 2014

News Sentinel: Congressman blasts TVA for refusing to disclose subsidies

By |2014-12-03T16:32:07-06:00December 3, 2014|Categories: economic development|Tags: , , |0 Comments

TVA's refusal to release how much it gave a South Korean auto parts maker in economic subsidies to locate in Clinton, Tennessee, has drawn fire from a congressman. The Knoxville News Sentinel made a public records request under the Freedom of Information Act for TVA documents that would outline the economic incentives for SL Tennessee, but the government utility refused to release them, saying it would harm their competitive position with other utilities who also recruit industry. In a story posted on its website today, the News Sentinel quotes U.S. Rep. John J. Duncan Jr. questioning why TVA would keep the deal secret, and even the wisdom of the incentives themselves. [...]

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