State puts economic incentives information online

State puts economic incentives information online

Posted:

NASHVILLE (AP) - The state has begun posting information about Tennessee's economic incentives to businesses on a single website.

The Department of Economic and Community Development launched www.openecd.tn.gov on Friday.

Commissioner Bill Hagerty told The Tennessean it's "proactive disclosure" of public records.

The data about incentives and subsidies for creating new jobs was already publicly available. The innovation is putting the information from FastTrack job training assistance and infrastructure grants, Community Development Block Grants, film and music incentives and the TNInvestco venture capital program in one website.

Tennessee consulted with Good Jobs First, an advocacy group for more transparency and effectiveness from economic development subsidies. A 2010 rating by the group gave the state zero points for online disclosure of the incentives.

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