ECONOMIC INCENTIVES

Valley Incentive Programs

Reduce the cost of opening or expanding business facilities by taking advantage of our Valley Incentive Programs.

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.

Find the Perfect Site

Explore available sites using our properties and communities tool. Filter by Opportunity Zones, property type, size, location and more. Take a detailed dive into our communities, and get the scoop on population, housing, and the local workforce.

Incentives & Grants by State

  • Without this program [InvestPrep], I can confidently say that we would not have announced the largest announcement in our city’s history.

    -Mandy White, Greater Jackson Chamber Chief Economic Development Officer

  • When I go to work each day, I feel extremely fortunate I have the opportunity to contribute to growth. Growth in a region, growth in a community, and ultimately growth in the lives of families throughout the Valley.

    -Stephanie Hamby, TVA Economic Development Economic Investments

Helping Make Your Site Search a Success

Globally recognized as a top organization in economic development, the TVA Economic Development team provides confidential and expert support to meet your location and expansion goals. Our team of over 50 economic development professionals are here to guide you on your site selection journey.

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

Glaukos Corporation to Establish Operations in Huntsville, Alabama

Glaukos Corporation, a global ophthalmic pharmaceutical and medical technology company, announced plans to establish operations in Huntsville, Madison County, Alabama. Plans for the project include creating 154 new jobs and investing more than $82 million in the company’s research, development, and manufacturing facility. Economic development partners include Huntsville Utilities, Huntsville-Madison County Chamber of Commerce, City of Huntsville, Alabama Department of Commerce,…

Kitchen Food Co., Announces Plans to Establish Operations in Hopkinsville, Kentucky

Kitchen Food Co., a global prepared foods producer, announced plans to establish operations in Hopkinsville, Kentucky. The company plans to locate in the Hopkinsville-Christian County Spec Building, which was assisted by TVA InvestPrep program, creating 925 jobs and investing $69 million in the company’s new world-class facility. This project marks the largest job-creation announcement in…

Performance Food Group to Expand Operations in Hamblen County, Tennessee

Performance Food Group, a foodservice company, announced plans to expand operations in Hamblen County. Plans for the project include creating 37 new jobs and investing $33 million its Morristown facility. Economic development partners include Morristown Utilities, the Morristown Area Chamber of Commerce, and the Tennessee Department of Economic and Community Development. This project furthers TVA’s…