Haslam signs cash grants plan

Haslam signs cash grants plan

Posted:

NASHVILLE (AP) - Gov. Bill Haslam has signed a measure to increase the amount of cash grants available to companies looking to invest in Tennessee.

The legislation will allow the state to provide Fast Track grants for retrofitting, relocation, office upgrades or temporary space for companies investing in Tennessee.

The measure passed the Senate 29-1 in April, and the House concurred with that version 92-0 the next day.

The current Fast Track program is limited to jobs training and infrastructure improvements.

The state has appropriated $217 million to the program over the last three budget years and Haslam proposed pouring another $80 million for the current and upcoming budget year.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow
All content © Copyright 2000 - 2013 WorldNow and WATE. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.