Public Power

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• Public Power. Advantages in Community Economic
  Development

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• Greg Fay
• General Manager
• Clinton Utilities Board

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• A Little Information about CUB..

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Clinton Tennessee
Clinton, TN
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• We have
• 29,000 Electric Customers
• 6,000 Water Customers
• 4,500 Sewer Customers

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We have. Combined annual revenue in excess of
55,000,000
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• Question
• What responsibly, if any, does a public power
  utility have to economic development?

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Local/Regional Approach

• Local Industrial Development Association (covers
  most of our service area)
• Regional 16 contiguous counties

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Local participation is necessary and
popular Regional participation is VITAL
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• We partnered with our sister utilities and the
  private sector to combine our resources and
  market our region ..

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• About 5 years ago we formed East Tennessee
  Economic Development Agency ..

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We are spending huge amounts of money
branding our region
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East Tennessee Economic Development Agency

• Regional marketing and business recruitment
• Representing 16 counties in the Knoxville-Oak
  Ridge Innovation Valley
• Co-located with the State Department of Economic
  and Community Development and TVA

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Positioned for Success
Regional Efforts Local Economic Developers
Partners ECD TVA
Prospects
ETEDA
Private Support Corporate
Public Support Utilities Local Governments
Local Economic Development Organizations
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ETEDA Client Services

• Prospect facilitation
• Buildings and sites database
• Community and demographic data
• Economic development contacts
• Customized information requests

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Target Markets

• Automotive
• Distribution
• Corporate office / shared services
• Electronics instruments
• Medical products devices
• Metalworking, machinery plastics

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Competitive Costs

• Proximity - 75 US market
• Cost of living - 8 below US average
• Building costs - 17 below US average
• Electric rates - 6 below US average
• Labor costs - 10 below US average

East Tennessee provides very competitive
business costs, and an excellent workforce with
outstanding work ethic Carl Parsons Manager
of Manufacturing Support TRW Fuji Valve
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Accessibility

• At the tri-section of I-40, 75, and 81
• Over 160 daily flights, 16 cities direct
• CSX and Norfolk Southern mainlines
• Barge access via the Tennessee River

We provide timely service to 75 of the US
market from our East Tennessee distribution
facility Patrick Flanagan - Managing Director
of Distribution Wyeth-Ayerst Pharmaceuticals
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Knoxville Oak Ridge Innovation Valley
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Reliable Energy

• TVA power service 99.999 reliable
• 30,000 MW of generating capacity
• Excess capacity in water, gas, and sewer

TVAs reliable generating plants, sound power
supply processes, and superior transmission
system enable it to provide affordable
electricity with the highest reliability rating
in the nation. Bill Baxter, Chairman of the
Board Tennessee Valley Authority
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Talented Workforce

• 3,500 PhD's
• 45,000 technical workers
• 75,000 college students
• 500,000 person labor force
• Fastest growing metro region in Tennessee high
  in migration

We are particularly pleased with the
availability of high quality, intelligent and
motivated employees Bill Rowe Plant
Manager Kimberly Clark
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Technology Access

• ORNL and UT
• Advanced materials research
• HTML
• Metals Processing Lab
• Nanotechnology
• Center for Nanophase Materials
• Energy research

Very few areas in the US offer the technology
infrastructure of this region. Even fewer have a
comparable quality of life. Dr. Terry Douglass
- Former President CTI, Inc. (makers of PET scan
technology)
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Quality Lifestyle

• Spectacular natural beauty
• Twice named Americas most livable city
• National award winning schools
• Low tax burden - low cost of living
• Family oriented environment

We located our financial services center here
for the pro-business environment and the
unmatched quality of life. Pamela Murray
Executive Vice President Marriott International
- Enterprise Accounting Services
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Jobs Now!
Jobs Now a five-year regional fundraising
effort designed to provide additional resources
to increase economic growth in the Knoxville Oak
Ridge Innovation Valley
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Jobs Now! Five-Year Goals

• Create 35,000 net new jobs
• Increase capital investment by 2.5B
• Increase per capita income by 5000
• (second year-140 above projections)

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• We have a recipe for success and we are in the
  kitchen cooking
• Greg Fay

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• Questions?????