Site Selection ranks TVA among Top 10 utilities
for sixth straight year
Sept. 1, 2011 - For the sixth straight year, Site Selection magazine has named the Tennessee Valley Authority one of the top 10 North American utilities for achievement in economic development.
In fiscal year 2010, TVA and its distributor customers, working with regional, state and local partners, helped attract or retain more than 41,000 jobs and leverage $4.3 billion in capital investment for the seven-state TVA territory. Site Selection noted that TVA’s economic development support has contributed to 264,500 new or retained jobs and $27 billion in business investment since 2005.
“Innovation, tenacity and teamwork are powerful keys to economic development success in our region,” says John Bradley, TVA senior vice president of Economic Development. “The distributors of TVA power, regional and state agencies, and economic, industrial and community leaders from throughout the TVA service region are all participants in this success. And the ultimate winners are Valley communities that have more opportunities to gain and retain jobs.”
The Site Selection rankings are based on a number of objective and subjective factors, including project activity, input from corporate end users and site consultants, website tools and data, and innovative programs and incentives for business.
“The most powerful utility economic development teams are backed by corporations that don’t just move power around — they wield it,” says Adam Bruns, managing editor of Site Selection. “They do that through innovative programs for business, collaboration with community partners, and their own investment in generation, transmission and other assets.”
“Utilities play a key role as participants in the economic development efforts of cities, regions, and all areas working to improve their local business climate,” says Mark Arend, editor in chief of Site Selection. “This year’s Top Utilities were particularly successful in this endeavor in 2010.”
Read the Site Selection Top Utilities story.