AN ACT to amend Tennessee Code Annotated, Title 4, relative to community benefits agreements.
Impact
If enacted, the bill will add a new layer of regulation to economic development projects across Tennessee. It emphasizes the importance of community involvement in agreements that come with economic incentives, thereby mandating employers to address community needs and labor conditions. This change is significant as it aims to enhance overall accountability in how such incentives are awarded, ensuring that benefits flow back to the community rather than solely to the businesses involved.
Summary
Senate Bill 1074 seeks to amend the Tennessee Code Annotated by establishing guidelines surrounding community benefits agreements. Specifically, the bill defines a community benefits agreement as a contract between an employer and a community organization that may include provisions related to funding services, establishing employment criteria, and utilizing a unionized workforce. The intent is to ensure that companies receiving economic development incentives contribute positively to their local communities in measurable ways, addressing the terms under which these agreements must be made.
Sentiment
The discussions surrounding SB 1074 display a general trend towards favoring local accountability in economic development. Supporters express that the bill could foster more equitable opportunities for local communities and workers, arguing that it reinforces the idea that businesses must actively contribute to the economic good of the areas they operate in. However, there are concerns that the bill could impose burdens on employers, potentially discouraging investment if the conditions are seen as overly stringent.
Contention
Notable points of contention include how the requirements set forth in community benefits agreements might affect business operations and incentive agreements. Some stakeholders fear that this could complicate negotiations and deter businesses from seeking incentives due to the added requirements. Opponents may argue that while the intention of benefiting the community is commendable, the execution through this bill could lead to unintended consequences that hinder economic growth.
AN ACT to amend Tennessee Code Annotated, Title 1; Title 2; Title 3; Title 4; Title 5; Title 7; Title 8; Title 9; Title 10; Title 11; Title 12; Title 13; Title 16; Title 20; Title 22; Title 24; Title 31; Title 33; Title 36; Title 38; Title 39; Title 40; Title 43; Title 44; Title 45; Title 47; Title 48; Title 49; Title 50; Title 53; Title 54; Title 55; Title 56; Title 61; Title 62; Title 63; Title 64; Title 65; Title 66; Title 67; Title 68; Title 69 and Title 71, relative to electronic transmissions.
AN ACT to amend Tennessee Code Annotated, Title 1; Title 2; Title 3; Title 4; Title 5; Title 7; Title 8; Title 9; Title 10; Title 11; Title 12; Title 13; Title 16; Title 20; Title 22; Title 24; Title 31; Title 33; Title 36; Title 38; Title 39; Title 40; Title 43; Title 44; Title 45; Title 47; Title 48; Title 49; Title 50; Title 53; Title 54; Title 55; Title 56; Title 61; Title 62; Title 63; Title 64; Title 65; Title 66; Title 67; Title 68; Title 69 and Title 71, relative to electronic transmissions.
AN ACT to amend Tennessee Code Annotated, Title 4; Title 9; Title 13; Title 16; Title 39; Title 55; Title 58; Title 62; Title 65; Title 68 and Title 71, relative to emergency management.
AN ACT to amend Tennessee Code Annotated, Title 4; Title 9; Title 13; Title 16; Title 39; Title 55; Title 58; Title 62; Title 65; Title 68 and Title 71, relative to emergency management.
AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 7; Title 8; Title 10; Title 33; Title 36; Title 37; Title 38; Title 39; Title 40; Title 49; Title 50; Title 57; Title 67; Title 68 and Title 70, relative to firearms.
AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 7; Title 8; Title 10; Title 33; Title 36; Title 37; Title 38; Title 39; Title 40; Title 49; Title 50; Title 57; Title 67; Title 68 and Title 70, relative to firearms.
AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 7; Title 8; Title 10; Title 33; Title 36; Title 37; Title 38; Title 39; Title 40; Title 49; Title 50; Title 57; Title 67; Title 68 and Title 70, relative to firearms.