{"id":5305,"date":"2012-05-18T19:00:07","date_gmt":"2012-05-19T00:00:07","guid":{"rendered":"http:\/\/www.paristn.net\/articles\/?p=5305"},"modified":"2012-05-18T11:11:31","modified_gmt":"2012-05-18T16:11:31","slug":"tennessee-governor-bill-haslam-signs-legislation-to-expand-fasttrack-program","status":"publish","type":"post","link":"https:\/\/www.paristn.net\/articles\/2012\/05\/18\/tennessee-governor-bill-haslam-signs-legislation-to-expand-fasttrack-program\/","title":{"rendered":"Tennessee Governor Bill Haslam signs Legislation to expand FastTrack Program"},"content":{"rendered":"<p><span style=\"color: #000080;\"><strong><em>Bill aims to boost economic development in rural counties and for extraordinary projects <\/em><\/strong><\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-384\" title=\"The Seal of the State of Tennessee\" src=\"http:\/\/www.clarksvilleonline.com\/wp-content\/uploads\/2006\/08\/tnseal.jpg\" alt=\"The Seal of the State of Tennessee\" width=\"150\" height=\"149\" \/><strong>Nashville, TN<\/strong> &#8211; Tennessee Governor Bill Haslam announced he has signed legislation to expand the state\u2019s FastTrack program to specifically support economic development in rural communities and for exceptional projects.<\/p>\n<p>The governor proposed the legislation, HB 2344\/SB 2206, in January to create the FastTrack Economic Development Fund, an expansion of the Department of Economic and Community Development\u2019s (ECD) current infrastructure and job training program.<!--more-->The legislation resulted from a 12-month review of ECD\u2019s incentive programs with input from companies, site selection consultants and economic development stakeholders.<\/p>\n<p>By making reimbursable grants to local industrial development boards, the fund provides additional grant support for companies expanding or locating in Tennessee, and the legislation stipulates that the fund will only be used in exceptional cases where the impact of the company on a given community is significant.<\/p>\n<p>\u201cTennessee is recognized as one of the best places to do business in the country, and this legislation gives us another tool in the toolbox to help make Tennessee the No. 1 location in the Southeast for high quality jobs by focusing on our rural communities and recruiting and growing significant jobs,\u201d Haslam said.<\/p>\n<p>The FastTrack Economic Development Fund will aid companies in a variety of ways, including relocation expenses, temporary office space, capital improvements, retrofitting and other expenditures not previously covered by FastTrack infrastructure or job training grants.<\/p>\n<p>\u201cI want to thank the General Assembly for their support of the FastTrack Economic Development Fund,\u201d ECD Commission Bill Hagerty said. \u201cA more flexible FastTrack grant program will be extremely helpful to local governments, chambers of commerce and economic development professionals around the state as we work together to encourage existing industry expansions and recruit new companies to Tennessee.\u201d<\/p>\n<p>Sponsors of the FastTrack Economic Development Fund include Sen. Mark Norris (R-Collierville), Rep. Gerald McCormick (R-Chattanooga) and Rep. Tim Wirgau (R-Buchanan).<\/p>\n<p>For more information on the FastTrack Economic Development Fund, click <a href=\"http:\/\/wapp.capitol.tn.gov\/apps\/billinfo\/BillSummaryArchive.aspx?BillNumber=SB2206&amp;ga=107\"  target=\"_blank\"> here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bill aims to boost economic development in rural counties and for extraordinary projects Nashville, TN &#8211; Tennessee Governor Bill Haslam announced he has signed legislation to expand the state\u2019s FastTrack program to specifically support economic development in rural communities and for exceptional projects. The governor proposed the legislation, HB 2344\/SB 2206, in January to create [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[181],"tags":[3452,3359,6521,5950,6420,6417,284,6520,261,1862,6419,6416,4887],"class_list":["post-5305","post","type-post","status-publish","format-standard","hentry","category-government","tag-bill-hagerty","tag-bill-haslam","tag-fasttrack-economic-development-fund","tag-fasttrack-program","tag-gerald-mccormick","tag-mark-norris","tag-nashville-tn","tag-tennesse-governor","tag-tennessee","tag-tennessee-department-of-economic-and-community-development","tag-tennessee-state-representative","tag-tennessee-state-senator","tag-tim-wirgau"],"_links":{"self":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/5305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/comments?post=5305"}],"version-history":[{"count":2,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/5305\/revisions"}],"predecessor-version":[{"id":5307,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/5305\/revisions\/5307"}],"wp:attachment":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/media?parent=5305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/categories?post=5305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/tags?post=5305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}