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Starbucks Gets $30M, But Will It Pay Back?
Description
Tennessee’s $30 million Starbucks deal is part of a risky FastTrack program that’s handed out nearly $760 million to 570 companies — but accountability’s shaky. The state has chased over $22 million back from 14 companies, recovering only $14.4 million, with $8 million still owed — and seven firms went bankrupt before paying a dime. Critics say it’s taxpayer money being used to lure businesses, with profits going private while losses stay public. Starbucks faces steep repayment terms: 90% job creation or pay back part; less than 50%? Pay it all back.
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