Valley Investment Initiative

Valley Investment Initiative (VII)

VII is an economic development incentive program jointly conducted by TVA and distributors of TVA power. VII offers competitive incentives to eligible customers who make multi-year commitments to invest in the Tennessee Valley.

The program has enjoyed great success with existing power customers since October 2009 and was recently expanded for use as a recruitment tool to attract new customers, investments and jobs to the Valley.

Customers in targeted sectors whose facilities meet the following qualifiers may be evaluated for a VII award:

Customer characteristics

Minimum 250 kW peak monthly demand
Minimum 25 employees and no plans to reduce workforce by 50% or more
Financially sound

Long-term commitments

Projected capital investment over a five-year period of 25% of an existing facility’s book value or $2.5 million in a new facility
Standard power contract with a remaining term at least as long as the five-year VII award period

Award amounts are based on a customer’s five-year projections and actual performance in these categories:

Capital investment
Jobs added or retained
Average wages paid
Energy efficiency

For more information, please contact Karen Brown @ 931-520-5422 or kbrown@cookeville-tn.org or visit the website @ http://www.tvaed.com/vii/index.htm