What is the economic impact of the Tennessee Valley Authority?

The economic impact of the Tennessee Valley Authority (TVA) is significant for the region it serves. As a federal corporation, TVA contributes to the overall economic growth and prosperity of the Tennessee Valley. Through its diversified operations in power generation, flood control, navigation, and economic development, TVA supports job creation and retention, attracting businesses and investments to the area. By providing affordable and reliable electricity, TVA helps the region's businesses remain competitive while also benefiting its residents with lower utility costs. According to TVA's 2020 economic impact report, the organization's activities helped to attract $8.8 billion in capital investments, support nearly 80,000 jobs, and add $11.1 billion to the region's economy. Overall, TVA plays a crucial role in fostering economic development and improving the quality of life for the Tennessee Valley residents.