Haslam Appropriates Funds For Cash Grants Plan - NewsChannel5.com | Nashville News, Weather & Sports

Haslam Appropriates Funds For Cash Grants Plan

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NASHVILLE, Tenn. (AP) - Governor Bill Haslam is rolling out his appropriations bill, which includes nearly $45 million to increase the amount of cash grants available to companies looking to invest in Tennessee.

State Finance Commissioner Mark Emkes discussed the measure in the Senate Finance Committee on Tuesday.

The legislation allows the state to provide Fast Track grants for retrofitting, relocation, office upgrades or temporary space for companies investing in Tennessee.

The state has appropriated more than $200 million to the program over the last three budget years and Haslam proposed pouring another $80 million for last year and this year.

(Copyright 2013 by The Associated Press. All Rights Reserved.)

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