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Committee approves ban on community benefit agreements for companies receiving state economic incentives
Summary
The Tennessee House Commerce Committee approved House Bill 10,096, barring companies that receive state economic-development incentives from entering community benefit agreements with local groups; the measure passed 17-5 after debate over local control and economic protection.
The House Commerce Committee on Monday approved House Bill 10,096, a measure that prohibits companies that receive economic-development incentives from the Tennessee Department of Economic and Community Development (ECD) from entering into community benefit agreements with local organizations or jurisdictions. The committee passed the bill, as amended, by a 17-5 vote.
Committee chairman Kevin Vaughn, presenting the bill for Speaker Sexton, described community benefit agreements as “benefits that are supplemental to awards that ECD may make to a company” and said the bill was intended to prevent potentially open-ended conditions that could affect relocation decisions. “What we're saying is is that if you receive…
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