TVA helps 140 businesses grow
The Tennessee Valley Authority helped with 140 business additions or expansions across its seven-state region in the fiscal year that ended Sept. 30.
Collectively, those businesses are projected to invest $4.9 billion in the valley and create or retain 43,000 jobs.
“That’s up substantially from about 25,000 jobs we helped recruit at the low point in 2008, so we see some recovery,” TVA President Tom Kilgore said Friday. “It’s not what we liked, but it is an improvement.”
TVA’s economic development department had its best year for job additions in 2005 when 57,728 new jobs were lured to the valley. The best year for business investment from TVA-aided projects came in 2007 when additions and expansions totaled $5.6 billion.