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The region attracted $9.2 billion in investment last year and created 58,000 jobs
November 10, 2023 at 8:00 p.m
Employee file photo by Matt Hamilton / Visitors applaud during a celebration of the launch of the 2022 Volkswagen ID.4 electric SUV at the Volkswagen Assembly Plant in Chattanooga.
TUPELO, Miss. – TVA helped attract $9.2 billion in planned new investment in its seven-state region, with an estimated 58,000 jobs by announcing new and expanding businesses in the 12-month period ending, according to the public utility 30. September .
Although down from a year ago, overall business announcements in fiscal 2023 were the third-highest year on record for the Tennessee Valley Authority.
John Bradley, vice president of economic development at TVA, said rising interest rates and slower global economic growth have slowed the pace of new investment and the pipeline for new projects in the region from the high pace of recent years.
“We are about 20% below where we were a year ago, but we still have a lot of prospects in the pipeline,” Bradley said in an interview.
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