Another State Fast Track Grant via Metro to Gateway for Parking Lot Expansion

Tonight Metro Council is entertaining another bill directed at the State's Fast Track Infrastructure Development Grant Program: a request to increase a previously entered grant agreement from $152,125 to almost $500,000 for the parking lot expansion of Gateway Pro Partners (a $5.6 joint venture agreement that provides for the manufacture of personal computers).

Tennessee already awarded Gateway Pro Partners a $343,000 grant in February for "facility improvements," and late last year, the Council approved and the Mayor signed a bill accepting a $100,320 Tennessee Department of Labor grant for the recruitment and training of Gateway Pro Partners employees.

It sounds like Gateway is getting a large piece of that $5.6 million it invested back from Metro and the State of Tennessee. Tennessee seems to have a deep corporate honey pot.


UPDATE: Approved by Council on voice vote. No discussion. Council Committees reported unanimous consent.