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WZTV FOX 17 - Top Stories
You've probably never heard of companies like Streamweaver and Swingpal but in a round-a-bout way you helped pay for them.
Those companies are among the 76 that have received money from a $200 million dollar program created by Governor Phil Bredesen's administration called TNInvestco.
To date the program has created about 752 jobs.
The Lascassas Republican has been one of TNInvestco's biggest opponents and a new audit is bringing more concerns.
The report from the State Comptrollers Office says there are serious problems with the way the program is managed.
They include:
* A lack of safeguards to ensure companies are eligible
* Inadequate reporting and documentation
* The potential for fraud, waste and abuse
Those are things Carr has long feared because much information about the companies involved isn't available to the public.
"Cronyism," said Carr. "We have such a large pot of money the temptation is too great for my colleagues and those men and women in business to get right up against that moral and ethical and subsequent legal line."
Carr believes the audit is one more reason why the program needs to go or needs changes.
Governor Bill Haslam says his administration hasn't made a decision on TNInvestco's future.
The program has about $64 million left to hand out to companies.
"It's less revenue to the state. That's why we'll be evaluating the true cost to the state and how many jobs we've produced out of those investments," said Haslam.
Those companies are among the 76 that have received money from a $200 million dollar program created by Governor Phil Bredesen's administration called TNInvestco.
To date the program has created about 752 jobs.
The Lascassas Republican has been one of TNInvestco's biggest opponents and a new audit is bringing more concerns.
The report from the State Comptrollers Office says there are serious problems with the way the program is managed.
They include:
* A lack of safeguards to ensure companies are eligible
* Inadequate reporting and documentation
* The potential for fraud, waste and abuse
Those are things Carr has long feared because much information about the companies involved isn't available to the public.
"Cronyism," said Carr. "We have such a large pot of money the temptation is too great for my colleagues and those men and women in business to get right up against that moral and ethical and subsequent legal line."
Carr believes the audit is one more reason why the program needs to go or needs changes.
Governor Bill Haslam says his administration hasn't made a decision on TNInvestco's future.
The program has about $64 million left to hand out to companies.
"It's less revenue to the state. That's why we'll be evaluating the true cost to the state and how many jobs we've produced out of those investments," said Haslam.
Tuesday, November 13 2012, 10:53 PM CST
Tennessee News
Courthouse in line for repairs, updates
May 25, 2013 15:50 GMT
MANCHESTER, Tenn. (AP) -- Officials in Coffee County are looking to update their historic courthouse instead of replacing the 141-year-old structure.
After all, they said the building is in pretty good shape. As far as repairs, it just needs some new paint and molding, as well as work to repair some water damage. But county maintenance director Robert Gilliam says the entire structure needs updating in order to make it last until the next century.
Gilliam and County Mayor David Pennington told the Chattanooga Times Free Press (http://bit.ly/19ivpQ6 ) that officials have taken care to maintain the building and it hasn't had any major renovations in decades.
Historical society spokeswoman Joanna Lewis said the group is trying to come up with fundraising ideas for the project.
Information from: Chattanooga Times Free Press, http://www.timesfreepress.com
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