Valley Investment Initiative (VII)

VII is an economic development incentive program jointly conducted by TVA and distributors of TVA power. VII offers competitive incentives to eligible customers who make multi-year commitments to invest in the Tennessee Valley.

The program has enjoyed great success with existing power customers since October 2009 and was recently expanded for use as a recruitment tool to attract new customers, investments and jobs to the Valley.

Customers in targeted sectors whose facilities meet the following qualifiers may be evaluated for a VII award:

Customer characteristics

• Minimum 250 kW peak monthly demand
• Minimum 25 employees and no plans to reduce workforce by 50% or more
• Financially sound

Long-term commitments

• Projected capital investment over a five-year period of 25% of an existing facility’s book value or $2.5 million in a new facility
• Standard power contract with a remaining term at least as long as the five-year VII award period

Award amounts are based on a customer’s five-year projections and actual performance in these categories:

• Capital investment
• Jobs added or retained
• Average wages paid
• Energy efficiency
• Load factor and coincident load factor

To learn more about this program, click the state names below to find the economic development specialist who serves your county.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fact sheet (PDF)

Frequently asked questions