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TVA Touts Economic Development in 2010

By Todd Hatton / Associated Press

Knoxville, TN – The Tennessee Valley Authority says it helped companies invest $4.3 billion in economic development projects and attract or retain 41,000 jobs across the region in fiscal year 2010. The federal utility says its economic development support has contributed to over 264,000 new or retained jobs and $27 billion in business investment since 2005. Additionally, TVA says this year it assessed more than 50 locations across the service area for access, telecommunications, power availability and reliability, and other characteristics suitable for data center development.