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Economic development seeks $213.3M; commissioners warn energy constraints could limit growth
Summary
The Department of Economic and Community Development requested $213.3 million and highlighted heavy use of reserves, rural investments and a push for nuclear‑supply and small modular reactor grants; commissioners and senators debated energy supply limits — particularly TVA capacity — and pipeline projects such as XAI.
Stuart McWhorter, commissioner of the Tennessee Department of Economic and Community Development, presented a $213.3 million fiscal‑year request to the Senate Commerce and Labor Committee, framing the request as a strategic shift toward workforce development, research and development, site readiness and rural community investment.
McWhorter said $151.1 million of the request would be funded from department carry‑forward and that $62.2 million is new state appropriations (of which $10.2 million would be recurring and $52.0 million nonrecurring). He told the committee the department intends no new positions and described a multiyear pipeline of projects: since the start of the governor’s administration the department has landed roughly 605 projects representing about 100,000 net new jobs and more than $41 billion in capital…
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