Valley Investment Initiative (VII)

VII is an economic development incentive program jointly conducted by TVA and distributors of TVA power. VII offers competitive incentives to eligible customers who make multi-year commitments to invest in the Tennessee Valley.

The program has enjoyed great success with existing power customers since October 2009 and was recently expanded for use as a recruitment tool to attract new customers, investments and jobs to the Valley.

Customers in targeted sectors whose facilities meet the following qualifiers may be evaluated for a VII award:

Customer characteristics

• Minimum 250 kW peak monthly demand
• Minimum 25 employees and no plans to reduce workforce by 50% or more
• Financially sound

Long-term commitments

• Projected capital investment over a five-year period of 25% of an existing facility’s book value or $2.5 million in a new facility
• Standard power contract with a remaining term at least as long as the five-year VII award period

Award amounts are based on a customer’s five-year projections and actual performance in these categories:

• Capital investment
• Jobs added or retained
• Average wages paid
• Smart energy commitment
• Load factor

To learn more about this program, click the state names below to find the economic development specialist who serves your county.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fact sheet (PDF)

Frequently asked questions