| Tennessee Valley - $850M ServerCorr Plant |
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Website: www.TVAsites.com
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“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.” ServerCorr LLC searched for 2 years and thought it found the right site elsewhere in the South only to discover that regulations made the location too costly. After tucking his kids into bed for the evening Eddie Lehner, ServerCorr’s CFO, was on the Internet and went to the Tennessee Valley Authority’s websites. From the comfort of his home computer he identified all the pertinent information he needed to find his company’s future location. The $850 million, 1.2 million square foot plant that will employ 450 workers is in Columbus, MS. The average annual salary per employee is over $70,000. The company will produce high-quality steel for automotive and other purposes and expects to do business with Honda, Hyundai, Nissan and Toyota. Geographic analysis mattered when considering the location and the TVA website was an important factor in choosing the location. The power of quick access saved SeverCorr LLC nine months in the location process. Economic development officials estimate that companies moving into the region to leverage ServerCorr’s high-grade steel could total over 1,000 additional jobs. TVAsites.com is also being used by Wal-Mart to sell the large vacant stores in its real estate portfolio.
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Case Studies
Tennessee Valley - $850M ServerCorr Plant