$200 million later, was TNInvestco worth the risk?
We think it was; however, the TNInvestco model needs a major overhaul to justify future taxpayer support. And that future support is needed for Tennessee to compete for innovation-based jobs in the 21st-century economy.
In our opinion, the benefits of TNInvestco will ultimately outweigh its flaws when compared with other economic development investments, but there are important lessons to learn from the TNInvestco experiment before we commit more state support.
