business

Trump Jr. says report of family getting Hawkins County property ‘not true’

In a Tuesday afternoon tweet, Donald Trump Jr. denies a report that he, his father, other family members and the Trump organization were deeded a lot in a Hawkins County subdivision.

Says the tweet: We love Tennessee and it’s incredible people, but this is not true. There’s a link to a Las Vegas TV station’s report on the transfer of an acre lot in a Rogersville, Tenn., subdivision from developer Phillip Henard to President Trump, family members including his son and the Trump Organization.

And here’s an excerpt from a Tennessean report on the supposed deal:

Jeff Thacker, Hawkins County assessor, said because the transaction involved a quitclaim deed —  a type of real estate instrument that carries less weight than warranty deeds — the agreement is suspect.

“I have mailed a letter to the Trump Foundation today asking them to verify the validity of this document before I put it on the tax records in their name, which would be subject to taxation,” Thacker said on Tuesday.

“As far as this being bogus or whatever, all I’ve read is what’s been reported in the paper … it’s as clear as mud.”

Note: Most recent previous post HERE.

ECD deemed winner of Beacon’s TN 2017 ‘Pork of the Year’ award

Press release from Beacon Center of Tennessee

In the 12th annual Tennessee Pork Report, the Beacon Center revealed that state and local government officials wasted more than $400 million of taxpayer money this past year.

The Pork Report highlights a combination of government mismanagement, incompetence, and outright fraud. The Beacon Center allowed Tennesseans to choose the infamous “Pork of the Year” award, and it really came down to the wire. After nearly 400 votes were cast, the “winner” of the award was the Tennessee Department of Economic & Community Development for their Industrial Machinery Tax Credit. The department took 34% of the vote in the public poll.

In one of the most inefficient instances of corporate welfare in recent years, Tennessee taxpayers paid a whopping $67 million annually for a mere 55 jobs per year from 2011-2014, which adds up to $1.2 million per job. Even if the program’s main goal isn’t to create jobs, it is not the government’s role to help buy equipment for some private companies on the backs of Tennessee taxpayers. The $14 million of tax dollars given to the Opryland Hotel to build a waterpark (that residents are not even allowed to use) came in a close second with nearly 32% of the vote. Former Rutherford County Sheriff Robert Arnold and the state Jobs4TN Program came in the 3rd and 4th with 19% and 15%, respectively.

The Beacon Center prints the Pork Report every year to make sure state and local governments are held accountable for how ineffectively they spend our tax dollars. The wasteful spending in this report should make Tennesseans’ blood boil. We hope that government officials will use this report to slash wasteful spending in 2018.

The 2017 Pork Report comes from state and local budgets, media reports, state audits, and independent research conducted by Beacon Center staff and scholars.

Note: The full 2017 “Pork Report” is HERE. Excerpt of some highlighted stuff as ‘nominated’ for Pork of the Year:

Jobs4TN: This state-based program has been taking millions of taxpayer dollars for years, spending more than $60 million in 2016- 2017 alone. This money then goes to a select few fortunate companies for their hiring and professional development needs, empowering government to pick winners and losers, and leaving left-out employers across the state to compete with these subsidized businesses.

Opryland Waterpark: The city of Nashville decided to give $14 million to Gaylord Opryland Hotel to construct a waterpark, and while taxpayers are footing the bill, the waterpark is open only to those staying at the hotel.

• Department of Economic and Community Development (ECD): ECD’s Industrial Machinery Tax Credit has doled out an astonishing $1.2 million in taxpayer money…per job. The tax credit has created just 55 total jobs at a cost of nearly $67 million.

• A Sheriff’s E-Cigarette Inmate Scheme: Former Rutherford County Sheriff Robert Arnold profiteered off a captive audience of local inmates who were sold e-cigarettes from Arnold’s company—earning him and his wife nearly $75,000 over the course of their scheme, which was later exposed by the Tennessee Comptroller’s Office.

Note: Arnold pleaded guilty to corruption charges and was sentenced to four years in prison. Randy Boyd, who resigned as ECD commissioner earlier this year, is running for governor.

More on Trump getting a Hawkins County subdivision lot — maybe just a promotional stunt?

Rogersville developer Phillip Henard tells the Kingsport Times-News that he got the “crazy idea” of quitclaiming a lot in a subdivision he owns to President Donald Trump a year or so ago and presidential associates recently agreed to accept it. But he denies speculation by a local utility district official that the move was part of an effort to get water service into the Grandview Estates subdivision.

The newspaper otherwise elaborates on earlier cryptic reports about transfer of the subdivision lot, which were based on a press release issued by Henard, after reviewing the deed and interviews with Henard and Lakeview Utility District Superintendent Tim Carwile.

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Lawsuit filed against Nashville law restricting home-based businesses

A team of attorneys is challenging a Metro Nashville law that prohibits residents from operating certain businesses in their homes, reports WPLN. The new lawsuit was filed on behalf of two people who say their home businesses were hurt after the city received anonymous complaints.

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TN Bankers Association names Heaslet as new counsel/lobbyist

News release from Tennessee Bankers Association

NASHVILLE, Tenn. (Nov. 14, 2017) – Amy Smith Heaslet has been named general counsel and senior vice president of the Tennessee Bankers Association and elected secretary of its board of directors, TBA President Colin Barrett has announced.

In her new role, Heaslet will lead advocacy initiatives on legislative and regulatory issues and policies that affect the banking industry and will serve as an adviser to the TBA board of directors, officers and member banks. She was previously the TBA’s deputy counsel.

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State to spend another $2M on Megasite, seeking consultant to help

The state of Tennessee is asking for $2 million next year to whip the Memphis Regional Megasite into shape, a process that will include hiring an outside consultant to assess why the decade-long project hasn’t yet landed a major manufacturer, reports WPLN. The state has already spent about $140 million on the Megasite.

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Warren Buffett’s company buying Pilot Flying J

Berkshire Hathaway Inc., better known as billionaire businessman Warren Buffett’s company, has struck a deal to buy a 38.6 percent equity stake in Pilot Flying J, the truck stop/gas station company owned by Tennessee’s Haslam family.

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Memphis businessman Webb joins GOP crowd eyeing Senate run

Jeff Webb, the founder and chairman of Memphis-based Varsity Brands is run for the U.S. Senate seat being vacated by Bob Corker, reports the Memphis Business Journal. He says the CEOs of several companies have contacted him urging that he enter the race for the GOP nomination.

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Breitbart bashes ‘Strange’s swamp pal’ (Corker) for Alabama ‘sweetheart deal’

Breitbart News — headed by President Trump’s former chief strategist, Steve Bannon – is tying Sen. Bob Corker’s business dealings into its reporting on this week’s Republican U.S. Senate runoff primary in Alabama.

Breitbart is promoting Roy Moore over Sen. Luther Strange in the race. Corker is backing Strange and reportedly urged President Trump to personally campaign for Strange, as he did on Friday.

Referring to Corker as “Strange’s swamp pal” in its second report on the subject, the arch-conservative news service says the Tennessee senator “is set to receive more money each year from Alabama taxpayers from the sweetheart deal in an Alabama retail development arranged by a law firm that is a big donor to Strange’s Senate campaign than he receives from his salary as a United States senator.”

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AG: 3 million Tennesseans in Equifax data theft

News release from attorney general’s office

Attorney General Herbert H. Slatery III today expressed in a letter to credit reporting firm Equifax his deep concern that the personal information of over 3 million Tennessee residents has been stolen by unauthorized individuals, leaving consumers vulnerable to identity theft and financial loss. In doing so, he added his voice to those of several other attorneys general who recently wrote to Equifax with similar concerns.

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