TVA Wins International Award for Megasites Program
October 22, 2012
KNOXVILLE, Tenn.—The Tennessee Valley Authority has earned a Gold Award from the International Economic Development Council for excellence in economic development.
TVA received the top honor for its Megasites certification program, which has attracted several major manufacturers to the Tennessee Valley in recent years, in the category of multi-year economic development program for communities with populations greater than 500,000.
The award was presented Oct. 2 at the IEDC’s Annual Conference in Houston, Texas, attended by 1,500 economic development professionals and government leaders from around the world.
“It is with great satisfaction that we accept this prestigious global recognition on behalf of TVA, our customers and economic development partners,” said John Bradley, TVA Senior Vice President of Economic Development. “The real winners are the Valley communities that have gained a tremendous number of jobs and investments in the past, and who will continue to benefit into the future as a result of the mega-business success of this Megasites certification program.”
IEDC Chairman Jay Moon described TVA’s Megasites program as a “phenomenal multi-year community preparedness and ‘Megabusiness’ success.”
“We recognize the Tennessee Valley Authority for creating innovative and successful strategies to promote economic development in this period of global recovery,” Moon said. “TVA demonstrates that they are at the forefront of the economic development profession and are using cutting-edge, effective practices that can be replicated in other communities."
The Megasites program began in 2004 after Bill Adams, a TVA Economic Development program manager, conceived a “catalog of certified sites” ready for manufacturers in response to international automobile companies’ interest in building factories in North America.
Automotive consultant McCallum Sweeney Consulting established criteria for the 1,000-acre, utility-accessible sites and administered the program.
The Megasites program has generated about $5.5 billion in economic impact and more than 32,000 jobs annually, according to a Younger Associates economic impact study. Five companies have located to Megasites: Volkswagen in Chattanooga; Hemlock Semiconductor in Clarksville; Toyota in Blue Springs, Miss., near Tupelo; and Severstal and PACCAR, both in Columbus, Miss. Two Megasites remain the Interstate 24 site in Hopkinsville-Christian County, Ky., and the Memphis Regional Megasite in West Tennessee.
The IEDC, the world’s largest organization for economic development professional, helps members create good jobs, community growth and improved quality of life in their regions. The Excellence in Economic Development Awards annually recognize the world’s best economic development programs and partnerships, marketing materials and most influential leaders.
The Tennessee Valley Authority, a corporation owned by the U.S. government, provides electricity for business customers and distribution utilities that serve 9 million people in parts of seven southeastern states at prices below the national average. TVA, which receives no taxpayer money and makes no profits, also provides flood control, navigation and land management for the Tennessee River system and assists utilities and state and local governments with economic development. More information may be found about TVA’s economic development programs at TVAed.com.
Mike Bradley, Knoxville, (423) 632-8860
TVA Public Relations, Knoxville, (865) 632-6000