Tennessee Valley Authority Economic Development Assistance:
Economic development, along with energy production and environmental stewardship, is one of the integrated purposes of TVA. TVA’s goals are to increase capital investment and attract and retain better-paying jobs for the people they serve. By partnering with other economic development organizations, TVA leverages resources and expands their networks to generate more leads and secure more projects that add quality jobs in the seven-state Tennessee Valley region.
Economic Development Funds
The Economic Development Loan Fund (EDLF) is a multimillion-dollar revolving loan program designed to stimulate capital investment and job creation in the TVA region. EDLF loans are made available to companies for fixed asset purposes such as plant expansion and equipment purchase. Types of projects targeted include expansion of existing industrial operations, location of new manufacturing operations and retention of existing manufacturing operations when there is a real threat to their continued existence. Depending on job creation and capital investment, loans are made for up to $2 million.
Read a fact sheet about Economic Development Funds
Special emphasis and consideration are given to minority and woman-owned companies and to companies within targeted industrial sectors. TVA often partners with financial institutions in making loans that meet EDLF criteria (view list of partners). A limited number of loans are available to local economic development entities for speculative industrial building and industrial park development projects.
Read the Small Business Act's Definition of "Socially and Economically Disadvantaged"
Available Sites and Buildings
TVAsites.com is a comprehensive GIS-based site and building database that shows available sites in the TVA power service area. It provides geographic and demographic data and offers the capability to create specific business reports. Click the TVASites logo to try the application: