Economic development

Tennessee Valley Authority

ECONOMIC DEVELOPMENT RECRUITS, RETAINS AND PREPARES INDUSTRIES AND PARTNERS FOR ECONOMIC GROWTH IN THE VALLEY.

BY DANNY ISAACS

TVA Economic Development is part of Tennessee Valley Authority’s overall mission of service. We carry out that mission through our work in: Energy, Environment, and Economic Development in our seven-state service area. Our aim in Economic Development is to recruit new companies and investment to the region, retain existing business and industries, and serve with our partners to help them prepare for economic growth.

Economic Development works to recruit companies to the Valley, focusing on specific industry sectors based on location advantages of the Valley, natural assets, and market demand.

Supporting business recruitment and retention, Regional Development Specialists work in seven territories across the Valley, including two in Kentucky, partnering with local power companies, regional, state, and local economic development partners to help foster growth in the area.

Product Development initiatives are designed to identify or enhance industrial properties to better compete in the marketplace, preparing industrial sites and communities for economic growth before a prospective client is introduced.

TVA Economic Development works to serve the Valley by providing assistance through Training and Development offerings. This support helps to prepare communities for economic growth by providing customized assistance, facilitation services, and strategic planning.

TVA Economic Development also offers site selection services, incentives, marketing, and technical assistance to help companies locate, stay and expand in the Valley.

In fiscal year 2022, TVA worked with local power companies and economic development partners to help to create or retain more than 4,400 jobs and $715 million in capital investment in its Kentucky service area, including companies’ announcements like Envision AESC, Tyson Foods, and O-I Glass in Bowling Green.