Nashville Requires More Transparency in Business Incentive Deals
Companies will have to disclose additional details about their economic development plans and other information in order to receive city incentives in Nashville following action by the Metro Council on Tuesday.
Despite hearing resistance from the Nashville Area Chamber of Commerce and other business groups, the council by voice vote approved a bill aimed at strengthening transparency of future economic development deals.
Under the ordinance, dubbed the “Do better” bill by supporters, companies applying for incentives in Nashville will be required to disclose how many county residents they plan to hire, anticipated wages, whether they had any safety violations, among other workforce details.
Information will have to be disclosed prior to the council voting on deals.