Tennessee Valley Authority Economic Development
News
TVA named a top utility by Site Selection two years in a row
Sept. 6, 2007 — Site Selection magazine has named TVA to its list of Top Utilities of the Year in 2007 for outstanding economic development achievements in the Tennessee Valley. TVA was also named a top utility in 2006.
The international magazine recognized TVA as one of the top utilities in North America based on total capital investment, investment per capita, total jobs created, and jobs per capita in the Valley, and for the development of new programs and services to support economic growth.
Site Selection officials said TVA and other top utilities in this year’s rankings competed for projects and jobs by adopting innovative strategies to best meet the needs of business and industry. The magazine cited TVA’s 2006 figures of $4.2 billion in investment that will create some 53,000 jobs across an 80,000-square-mile territory in seven southeastern states.
“It takes a tremendous team to achieve an honor like this one, and TVA could not have been named to this list two years in a row without close collaboration and support from our power distributor customers and economic development partners," said TVA Senior Vice President of Economic Development John Bradley.
TVA’s economic development accomplishments are highlighted in the September 2007 print issue of Site Selection and on its Web site. Site Selection is a bimonthly magazine that provides business expansion planning information to executives of fast-growing firms.
TVA helps make the Tennessee Valley a better place to live and work through economic development partnerships with distributor customers of TVA power, regional and state entities, and local communities. TVA economic development services are focused on attracting new industry, retaining and growing existing businesses and helping communities be better prepared for economic growth. Economic development is a major part of TVA’s core mission.
TVA is the nation’s largest public power provider and is completely self-financing. TVA provides power to large industries and 158 power distributors that serve approximately 8.7 million consumers in seven southeastern states. TVA also manages the Tennessee River and its tributaries to provide multiple benefits, including flood damage reduction, navigation, water quality and recreation.