TNInvestco may grow further

Milt Capps has an update on the efforts by several TNInvestco players to expand the program's tax credits beyond their initial $120 million ceiling.
Kisber and Farr publicly announced Nov. 5 their intention to pursue an additional $40 million in tax-credit allocations for the two backup funds: Tennessee Angel Fund, closely tied to Nashville Capital Network; and, Solidus-TNInvestco LLC. In the interim since then, the commissioners are said to have have signaled TNInvestco participants they may be willing to pursue a further $40 million to cover the remaining two TNInvestco finalists that were not among the six outright winners: Memphis Biomed Ventures Tennessee; and, NEST-TN LLC.
Nov 25, 2009 8:08 AM

Metro moving forward with hedge-fund plans

Pensions & Investments updates us on the plans by Metro's money manager to put up to $185 million to work in hedge funds. An RFP should be out the door by the end of the year. SEE ALSO: Metro pension managers consider hedge funds
Nov 24, 2009 10:48 AM

Psst, wanna sell to the government?

Rick Wimberly and Lorin Bristow at Franklin-based Galain Solutions have started writing blog posts on how to market your services to government agencies. Their advice is being housed at Sales & Marketing Management's Web site.
Nov 23, 2009 10:20 AM

Army Corps gig for local engineers

Nashville-based geotechnical engineers K.S. Ware have been awarded $2 million worth of work in the Army Corps of Engineers' Great Lakes and Ohio River divisions. Kathy Ware founded the company almost three years ago.
Nov 23, 2009 7:40 AM

What the government will do when prime mortgages go foul

Analyst David Hendler of CreditSights sees more of what got us to today's government-supported, not-really-healthy-at-all housing and banking sectors.
“[T]he prime residential mortgage crisis is probably going to require another massive government assistance program in that range of half a trillion [dollars] or more,” Hendler said. “And if this program is extended, it will lead to more bank regulatory restrictions with more capital and higher prudential liquidity levels. This would reduce the banks’ appetite and ability to take lending risks and put pressure on profitability.”
Nov 20, 2009 11:10 AM

We're part of the Terrible 10

The Institute on Taxation & Economic Policy puts Tennessee on its list with the most regressive tax systems. The lack of a broad income tax and a heavy reliance on sales and excise taxes are two of the main culprits.
Nov 20, 2009 7:54 AM

Dems mull stock-trade tax

The Hill reports House Democrats, led by Colorado Rep. Ed Perlmutter, are considering a 0.25 percent tax on all stock transactions as a way to pay for the jobs bill Congressional leaders want passed before the end of session. The AFL-CIO is backing the plan — which the union first proposed in August — saying it could generate $50 billion to $100 billion annually. Predictably, top financial lobbyists are calling the tax a "permanant handcuff" on the economy.
Nov 18, 2009 10:52 AM

Fitch: State bond rating stays at AA+

On the day budget hearings started on Capitol Hill, Fitch Ratings lauded state officials' "proactive approach to addressing the fiscal impact of the current downturn" and rated an upcoming $212 million bond sale at AA+, the state's current rating.
Nov 17, 2009 8:34 AM

McWherter claims lead in Democratic primary race

Statewide poll shows Jackson businessman, son of former governor at more than 30 percent
Nov 16, 2009 10:52 AM

State Senator 'testing the waters' against Bart Gordon

Congressman and House Committee on Science and Technology chair could face challenge from popular state senator
Nov 15, 2009 9:21 PM