KNOXVILLE, Tenn. — The Tennessee Valley Authority announced another successful year in economic development activity by stimulating $8.3 billion in capital investment and growing or retaining 70,000 jobs in the TVA service territory in fiscal year 2017.
More than 220 companies announced plans to locate to the Valley or expand existing operations in FY17, while boosting economic growth across the Tennessee Valley.
Region |
Jobs Attracted/Retained |
Capital Investment |
Alabama |
10,700 jobs |
$1.3 billion |
Kentucky |
6,000 jobs |
$ 1.1 billion |
Middle Tennessee |
22,700 jobs |
$2.8 billion |
Mississippi |
6,870 jobs |
$520 million |
Northeast Valley |
7,760 jobs |
$1.1 billion |
Southeast Valley |
6,990 jobs |
$790 million |
West Tennessee |
8,260 jobs |
$540 million |
“The true value of public power is our ability to enhance quality of life through our economic development efforts that lift up communities as a whole,” said TVA President and CEO Bill Johnson. “Our economic development team’s effort to attract and retain top-tier companies continues our mission to serve the nine million residents of the Tennessee Valley.”
Three key factors give the Tennessee Valley an advantage in attracting new business over other areas of the country:
Since 2011, TVA’s economic development team has worked with local, regional and state partners to attract and retain more than 418,500 jobs and over $48.1 billion in capital investments.
For these efforts TVA received national recognition in 2017: Site Selection magazine recognized TVA for the twelfth consecutive year as one of the Top 10 utilities in North America for economic development, and Development Counselors International honored the team as one of the top five economic development teams in America.
The Tennessee Valley Authority is a corporate agency of the United States that provides electricity for business customers and local power distributors serving more than nine million people in parts of seven southeastern states. TVA receives no taxpayer funding, deriving virtually all of its revenues from sales of electricity. In addition to operating and investing its revenues in its electric system, TVA provides flood control, navigation and land management for the Tennessee River system and assists local power companies and state and local governments with economic development and job creation.
Our media staff is available 24 hours a day. If you cannot reach the contact above, please call our media line at 865-632-6000.