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WZTV FOX 17 - Top Stories
You've probably never heard of companies like Streamweaver and Swingpal but in a round-a-bout way you helped pay for them.
Those companies are among the 76 that have received money from a $200 million dollar program created by Governor Phil Bredesen's administration called TNInvestco.
To date the program has created about 752 jobs.
The Lascassas Republican has been one of TNInvestco's biggest opponents and a new audit is bringing more concerns.
The report from the State Comptrollers Office says there are serious problems with the way the program is managed.
They include:
* A lack of safeguards to ensure companies are eligible
* Inadequate reporting and documentation
* The potential for fraud, waste and abuse
Those are things Carr has long feared because much information about the companies involved isn't available to the public.
"Cronyism," said Carr. "We have such a large pot of money the temptation is too great for my colleagues and those men and women in business to get right up against that moral and ethical and subsequent legal line."
Carr believes the audit is one more reason why the program needs to go or needs changes.
Governor Bill Haslam says his administration hasn't made a decision on TNInvestco's future.
The program has about $64 million left to hand out to companies.
"It's less revenue to the state. That's why we'll be evaluating the true cost to the state and how many jobs we've produced out of those investments," said Haslam.
Those companies are among the 76 that have received money from a $200 million dollar program created by Governor Phil Bredesen's administration called TNInvestco.
To date the program has created about 752 jobs.
The Lascassas Republican has been one of TNInvestco's biggest opponents and a new audit is bringing more concerns.
The report from the State Comptrollers Office says there are serious problems with the way the program is managed.
They include:
* A lack of safeguards to ensure companies are eligible
* Inadequate reporting and documentation
* The potential for fraud, waste and abuse
Those are things Carr has long feared because much information about the companies involved isn't available to the public.
"Cronyism," said Carr. "We have such a large pot of money the temptation is too great for my colleagues and those men and women in business to get right up against that moral and ethical and subsequent legal line."
Carr believes the audit is one more reason why the program needs to go or needs changes.
Governor Bill Haslam says his administration hasn't made a decision on TNInvestco's future.
The program has about $64 million left to hand out to companies.
"It's less revenue to the state. That's why we'll be evaluating the true cost to the state and how many jobs we've produced out of those investments," said Haslam.
Tuesday, November 13 2012, 10:53 PM CST
Tennessee News
Miss. chooses new firm to run Woodville prison
May 18, 2013 20:50 GMT
WOODVILLE, Miss. (AP) -- Mississippi officials have picked a new company to run the Wilkinson County Correctional Facility.
Utah-based Management and Training Corp. announced Friday that the Mississippi Department of Corrections has chosen it to run the 1,000-bed prison starting July 1, the Natchez Democrat reports (http://bit.ly/10MvOGv).
Corrections Corporation of America, based in Nashville, Tenn., had run the prison since 1998. MTC says it will keep "the vast majority" of employees.
MTC will get a five-year contract to run the prison with two one-year options. Last year, officials chose MTC to take over East Mississippi Correctional Facility, the Walnut Grove Correctional Facility and the Marshall County Correctional Facility from the GEO Group. MTC won 10-year contracts for each.
CCA still runs the Tallahatchie County Correctional Facility and the Adams County Correctional Center in Mississippi.
Information from: The Natchez Democrat, http://www.natchezdemocrat.com/
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