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
ROCKWOOL to Expand Operations in Marshall County, Mississippi
ROCKWOOL, an industrial insulation manufacturer, announced plans to expand operations in Marshall County, Mississippi. Plans for the project include creating 30 new jobs and investing more than $100 million in the company’s facility. Economic development partners include Northcentral Electric Cooperative, Mashall County Industrial Development Authority and Mississippi Development Authority. This project furthers TVA’s mission of…
Charms LLC Announces Plans to Expand Operations in Tipton County, Tennessee
Charms LLC, a candy manufacturer, announced plans to expand operations in Tipton County, Tennessee. Plans for the project include creating 62 new jobs and investing $97.7 million in the company’s Covington location. Economic development partners include Covington Electric System, Tipton Count Community Development and the Tennessee Department of Economic and Community Development. This project furthers…
West Star Aviation to Expand in Hamilton County, Tennessee
West Star Aviation, an aircraft maintenance company, announced plans to expand operations in Hamilton County, Tennessee. Plans for the project include adding 200 new jobs and investing $32 million in the company’s Chattanooga manufacturing facility. Economic development partners include EPB, the City of Chattanooga, Hamilton County, Chattanooga Metropolitan Airport Authority and the Tennessee Department of…