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Haslam: Figuring Out Incentives is Complicated

By Eric Schelzig, Associated Press
HENDERSONVILLE, Tenn. — Tennessee is still trying to come up with a standard approach toward offering incentives for business prospects, Gov. Bill Haslam said Thursday, adding that the task involves complex considerations about how each development deal is structured.
The governor put state development officials to work on a standard approach last March after lawmakers and others began questioning deals struck by Haslam’s predecessor with online retailer Amazon.com and appliance maker Electrolux.
“We’re not going to get out of the incentive business, because it’s too competitive of a world,” Haslam said. “Our job is to make certain that the deal that we do with those companies makes sense short- and long-term.”
Electrolux was promised more than $90 million from the state to help bring a plant to Memphis. And the state agreed to waive a requirement for Amazon to collect sales taxes on items sold through distribution centers being built in Tennessee.

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