TVA role ranked in development

TVA role ranked in development

September 3rd, 2011 by Staff and Wire Reports in Business Around the Region

TVA role ranked in development

The Tennessee Valley Authority, Georgia Power and Alabama Power Co. were among the top 10 utilities in North America recognized by Site Selection magazine in its 2011 award for the best utilities for economic development.

The trade publication chose the utilities based upon an analysis of project activity in their respective areas, the utility's website tools and data, incentives for business location and expansion and the opinions of site selectors and businesses surveyed by Conway Data Corp. TVA has been included on the list for the past six years.

"The most powerful utility economic development teams are backed by corporations that don't just move power around - they wield it," says Adam Bruns, managing editor of Site Selection. "They do that through innovative programs for business, collaboration with community partners and their own investment in generation, transmission and other assets."

Lowe's to build massive center in Rome

ROME, Ga. - Executives with Lowe's Companies Inc. say they plan to break ground Wednesday on a massive new distribution center in northwest Georgia which could create hundreds of jobs for the region.

The Rome News-Tribune reports that the North Carolina-based home improvement company is expected to initially employ 150 workers at the Floyd County facility, and potentially 600 employees by 2016.

Karen Cobb, a spokeswoman at the Mooresville, N.C.-based firm, said the company on Friday closed on the acquisition of 140 acres of property in the North Floyd Industrial Park.

Officials say the 1.45 million-square-foot distribution center will serve the company's Southeastern U.S. market.

Floyd County Commission Chairman Eddie Lumsden said a groundbreaking ceremony is planned for Wednesday morning.

Rome is about 60 miles northwest of Atlanta.