SeverCorr Invests $850M in Tennessee Plant
Website: www.TVAsites.com

Results:
- 1) Attraction of SeverCorr LLC, one of the largest economic development projects in the USA the year it was announced.
- 2) The $850 million, 1.2 million square foot plant will employ 450 workers. The average annual salary per employee is over $70,000.
- 3) Economic development officials estimate that companies moving into the region to leverage SeverCorr’s high-grade steel could total over 1,000 additional jobs.
- 4) The GIS Planning-developed TVAsites.com saved SeverCorr LLC nine months in the location process.
- 5) According to staff analysis, every $1 invested in TVAsites.com has created $18 in value with data integration and improved efficiencies.
- 6) A time savings analysis reveals a 98 percent reduction in turnaround time and labor. It takes 0.8 hour to gather information on the site, compared with 48.4 hours using a manual process for the same amount of data.
- 7) TVA’s cost studies show savings of $1,525 for each site search and data analysis compared with the manual process.
Notable quote:
“We’re in the cradle of our marketplace. There is good proximity to our end-user markets…All the important components of a site are there [on the website] for you, [such as] incentives, transportation, and work force.” –Eddie Lehner, SeverCorr LLC, Chief Financial Officer
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