How TVA’s Economic Incentives Work
TVA offers a range of economic incentives that set your business up for success from day one. Valley Incentive Programs consider both economic and power system metrics to create a profile of your company’s value to the region. Your company’s profile determines appropriate funding levels.
Investment Credit
The Investment Credit is jointly offered by TVA and participating local power companies. This performance-based program rewards companies for the economic and energy benefits associated with their new/expanded operations. Awards are applied as a credit to monthly power bills. Most companies can expect up to 10% annual savings over the award period.
Performance Grant
TVA is supporting new job growth by investing in competitive economic development projects. Paid directly to the company, Performance Grant amounts are flexible for approved purposes. Funding amounts are based upon the five-year economic impact of the project and are made at the discretion of TVA Economic Development.
Special Opportunities Grant
We’re investing in underserved areas with the Special Opportunities County (SOC) Performance Grant. By investing in competitive economic development projects, we’re standing by our mission and making life better for the people who live and work in the seven-state Valley region. This program assists smaller economic development projects in communities with greater economic needs. Funding amounts are based on the project’s five-year economic impact and are paid directly to the company.
Workforce+ Grant
Workforce+ is a Performance Grant option that allows TVA to make an investment in competitive economic development projects focused on building a highly skilled and qualified workforce. Award amounts are paid directly to the company and are contingent on companies meeting the minimum requirements of the Performance Grant Program. Funding amounts are based upon approval of the company’s talent pipeline development plan.
Incentives & Grants by State
In addition to TVA funding assistance, each state in the region offers tax credits, incentives, and grant programs for competitive projects spanning a variety of initiatives.
Do Business With Us
We’ve helped thousands of companies find a home in our seven-state Valley region.
99.999% Reliability
TVA offers highly reliable power to its customers, despite record-setting weather.
Diverse Power Generation
Nearly 60% of the region’s power comes from carbon-free sources.
Competitive Electricity Rates
Our region’s industrial electric rates are among the lowest compared to peer utilities.
In the News
Hyosung HICO to Expand Operations in Memphis, Tennessee
Hyosung HICO, a power transformer manufacturer, announced plans to expand operations in Memphis, Tennessee. Plans for the project include creating 120 new jobs and investing $51 million in the company’s U.S. manufacturing headquarters. Economic development partners include Memphis Light Gas and Water, the Greater Memphis Chamber, Memphis Shelby County EDGE and the Tennessee Department of…
GE Aerospace Announces Plans to Expand Operations in Batesville, Mississippi
GE Aerospace, an aerospace and defense company, announced plans to expand operations in Batesville, Mississippi. Plans for the project include creating 100 new jobs and investing $11 million as the company increases production at the Panola County site. Economic development partners include Tallahatchie Valley Electric Power Association, Panola Partnership, and the Mississippi Development Authority. This…
Troax Group to Locate Operations in Portland, Tennessee
Troax Group, a wire mesh safety solutions manufacturer, announced plans to locate operations in Portland, Tennessee. Plans for the project include creating 120 new jobs and investing $23 million in the company’s Robertson County operations. Economic development partners include Cumberland Electric Membership Corporation, the City of Portland, Robertson County and the Tennessee Department of Economic…