Companies creating jobs in the TVA region (Tennessee and parts of AL, GA, KY, MS, NC, VA) can get TVA Performance Grants paid directly to the business, including SOC grants for smaller projects in economically distressed counties and Workforce+ for talent plans. Amounts are case by case.
TVA's Valley Incentive Programs include Performance Grants paid directly to companies for competitive economic development projects that create jobs in the seven-state Tennessee Valley, with amounts based on the project's five-year economic impact and set at TVA's discretion. The Special Opportunities County (SOC) Performance Grant supports smaller projects in counties with greater economic need, and Workforce+ funds companies' talent pipeline plans. Companies work with TVA Economic Development and their local power company.
Company locating or expanding with a competitive economic development project in the TVA service region (all of Tennessee and parts of Alabama, Georgia, Kentucky, Mississippi, North Carolina and Virginia)
Funding is discretionary and based on the project's five-year economic impact and power-system metrics
SOC grants target smaller projects in designated counties with greater economic needs; Workforce+ requires an approved talent pipeline development plan
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