TVA Named as Top Utility By Site Selection Magazine
September 6, 2006
Site Selection magazine has named TVA to its list of “Top Utilities of the Year” in 2006 for outstanding economic development achievements in the Tennessee Valley.
The international magazine, which delivers business expansion planning information to more than 44,000 business and industry leaders globally, recognized TVA as one of the top utilities in North America for its efforts in generating capital investment and creating new jobs in the region, as well as the development of new programs and services for attracting economic activity.
Site Selection said TVA and other top utilities in this year’s rankings “competed for industrial projects and jobs by adopting innovative strategies to meet the needs of power- hungry businesses and keep their factories humming. Winning business strategies included new sites and buildings databases, smart growth policies, life science initiatives, programs to create certified sites, alternative energy investments, regional collaboration and innovative worker training,” the magazine said.
TVA’s economic development accomplishments are highlighted in the September 2006 issue of Site Selection magazine or on its web site, siteselection.com.
“We are extremely pleased that TVA is ranked as one of the top utilities in North America by Site Selection magazine,” said TVA Senior Vice President of Economic Development John Bradley. “Our staff and economic development partners welcome the opportunity to showcase the Tennessee Valley to business and industry decision makers who look to Site Selection for valuable location and expansion information.”
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. In fiscal year 2005, TVA’s economic development activities helped attract or retain 57,000 Valley jobs and generate more than $3.6 billion in capital investment.
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. More information about economic development in the Tennessee Valley is available at TVAed.com.
TVA is the nation’s largest public power provider and is completely self-financing with revenues of $7.8 billion in 2005. TVA provides power to large industries and 158 power distributors that serve approximately 8.6 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.
Media Contact
Phil Ivey, Nashville, (615) 232-5556
TVA News Bureau, Knoxville, (865) 632-6000
