TVA's Kilgore says region's economy turning around

By The Associated Press

CHATTANOOGA — Tennessee Valley Authority President Tom Kilgore says it looks like the region’s economy is starting to turn around.

Despite unemployment exceeding 10 percent in Tennessee, Kentucky and Georgia and 9 percent in the other four states that TVA serves at the end of 2010, TVA says the number of jobs the utility helped create rose last year for the first time since 2005.

TVA’s economic development efforts helped attract or retain 41,000 jobs, compared to about 26,000 in 2009. The size of the increase is partly due to TVA changing the way it counts jobs. For 2010, 12,500 jobs were saved or added at existing businesses.

Kilgore told the Chattanooga Times Free Press that TVA is “glad that it looks like the economy is beginning to turn around.”

Click video to hear audio