Will Millions In Incentives Pay Off For Middle TN Jobs?
With jobless rates above 9 percent in much of Middle Tennessee, local governments are turning more often to tax incentives and other perks to attract new jobs, reigniting a fierce debate over how much cities and counties should pay for progress.
It’s not just a philosophical argument.
There’s a lot at stake — at least $248.3 million in today’s dollars in Davidson, Rutherford and Williamson counties alone, according to aTennessean analysis of available records for 10 incentive-based projects since 2006 for which tax packages are fully known.
In return, the county governments hope companies deliver on promises to create several thousand new jobs with call centers, headquarters buildings and distribution centers. Read more by Duane Marsteller at The Tennessean here.