TVA has again made Site Selection magazine’s list of power companies that do the best job of economic development.
Knoxville-based Tennessee Valley Authority is one of ten utility companies included on the annual “Top Utilities in Economic Development” list published in the magazine’s September 2013 issue.
The magazine cited TVA for helping to bring “$5.9 billion in corporate facility investment in 2012, expected to create 48,500 jobs across TVA’s 80,000-sq.-mile, seven-state territory with a population of 9 million.”
Site Selection magazine is closely followed by thousands of corporate executives across the country who decide where their companies will invest in new plants and expand existing ones.
TVA has made the magazine’s list each of the last several years.
Given its mammoth service area it’s not surprising that TVA is a major player in the regional economy and it often lands on rankings like this. Still, recognition from Site Selection is a lot better than not making the list at all.
The list is based on an “analysis of corporate end-user project activity in 2012 in that company’s territory; website tools and data; innovative programs and incentives for business, including energy efficiency and renewable energy programs; and the utility’s own job-creating infrastructure and facility investment trends,” the magazine said.
The power companies are listed in alphabetical order.
Click here for the Site Selection story.
The Tennessee Valley Authority paid a new high of $579 million in tax equivalent payments in fiscal year 2012, a $49 million increase over fiscal 2011.
The biggest chunk – more than $354 million – was paid to Tennessee governments.
TVA pays tax equivalent payments to state and local governments in the states where it sell electricity or owns power plants and other assets.
“These funds provided by TVA play a significant role in the continued economic development, improved quality of life, and strong community growth across TVA’s service region,” outgoing TVA President and CEO Tom Kilgore said in a news release. “The payments also are an important part of TVA’s mission to help the consumers we serve every day.”
The Tennessee Valley Authority is one of two Tennessee employers selected as finalists for the 2012 Freedom Award, Employer Support of the Guard and Reserve, a Department of Defense agency, announced today.
Marketing firm iostudio of Nashville was also selected as a finalist.
The Secretary of Defense Employer Support Freedom Award is given to employers in recognition of their support of employees who serve in the Guard and Reserve.
When it came to boosting the economy, the Tennessee Valley Authority was one of best utilities in North America in fiscal 2010, according to Site Selection magazine.
Knoxville-based TVA is one of ten utility companies included on the annual “Top Utilities in Economic Development” list published in the magazine’s September issue.
The magazine cited TVA for providing services, incentives and financial assistance that “helped companies invest $4.3 billion in economic development projects and attract or retain 41,000 jobs across the region in fiscal year 2010 …”
The race to win Sears Holding Corp. appears to be heating up.
NBC in Chicago and the Detroit Free-Press are reporting that Tennessee has intense competition for the retail giant’s corporate headquarters, saying Michigan is working to lure Sears’s headquarters with incentives worth about $50 million, including tax breaks, housing incentives and relocation grants.
Besides Tennessee, New Jersey, North Carolina and Texas reportedly also are in talks with Sears about a possible relocation.
No word on where in Tennessee the Sears folks would locate. Could Knoxville be on the short list?