Valley Incentive Programs - Workforce+ Grant

Valley Incentive Programs - Workforce+ Grant is sponsored by Tennessee Valley Authority (TVA) Economic Development. This is a Performance Grant option that allows TVA to invest in competitive economic development projects focused on building a highly skilled and qualified workforce. Award amounts are paid directly to the company.

Programs + Services - Economic Incentives - TVA Economic Development 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. 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.

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+ 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. 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 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.

Alabama Department of Commerce Georgia Department of Economic Development Kentucky Cabinet for Economic Development Mississippi Development Authority Economic Development Partnership Of North Carolina Tennessee Economic & Community Development Virginia Economic Development Partnership 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.

We’ve helped thousands of companies find a home in our seven-state Valley region. TVA offers highly reliable power to its customers, despite record-setting weather. 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. Dometic, a global outdoor technology company, announces plans to expand operations in Sparta, Tennessee. Dometic, a global outdoor technology company, announced plans to expand operations in Sparta, Tennessee.

Plans for the project include creating more than 90 new jobs at its White County manufacturing facility. Economic development partners include Sparta Electric & Public Works, the Highlands Economic Partnership, the Tennessee Department of Economic and Community Development, and TVA. This project furthers… Kyoto Fusioneering announces plans to establish operations in Oak Ridge, Tennessee.

Kyoto Fusioneering, a premier fusion technology and integrated systems developer, announced plans to establish operations in Oak Ridge, Tennessee. Plans for this project include creating 51 new jobs and investing $47 million in the company’s U.S. headquarters operations in Anderson County.

Economic development partners include Oak Ridge Electric Department, Oak Ridge National Laboratory, U.S. Department of Energy, City of… Traxion Materials, a tire recycling company, announces plans to expand operations in Campbell County, Tennessee. Traxion Materials, a tire recycling company, announced plans to expand operations in Campbell County, Tennessee.

The company plans to create 49 new jobs and invest $5 million to expand its Jacksboro recycling and upcycling operations. Economic development partners include LaFollette Utilities Board, the Tennessee Department of Economic and Community Development, East Tennessee Economic Development Agency, Campbell County Industrial Board,…