Checking in on 'community benefits agreements' in Tennessee — and the new law curbing them

Checking in on 'community benefits agreements' in Tennessee — and the new law curbing them

A new Tennessee law that takes effect in July will ban “community benefits agreements” for companies that have received state economic incentives. It arrives seven years after the state’s first such agreement — a contract between Nashville Soccer Holdings and the nonprofit Stand Up Nashville that ensured community investments as Major League Soccer expanded to Nashville. The agreements, often known as CBAs, are binding contracts that corporation…