WHO IS IVI?
Innovation Valley Inc. will be managed by an independent, private Board of Directors representing the business community in partner geographies. More Information
FAQ
Innovation Valley Inc. is a regional partnership created to implement a new five-year economic development Blueprint for the Knoxville-Oak Ridge Innovation Valley.
Partner organizations include: Blount County Chamber of Commerce, Knoxville Chamber, Loudon County Economic Development Agency, Oak Ridge Economic Partnership, The Roane Alliance, and Tellico Reservoir Development Agency. More Information |
PERFORMANCE METRICS
TopLevel Performance Metrics
| Evaluation Criteria |
Innovation Valley FY 2008 (7/1/08 – Evaluation Criteria 6/30/09) Target |
Innovation Valley Fiveyear Target |
| OVERALL (RECRUITMENT AND EXPANSION): |
|
|
| Total Number of All Jobs Created (Direct and Indirect) |
6,000 |
30,000 |
| Total New and Expansion Project Capital Investment (Millions) |
$625.0 |
$3,125.0 |
| RECRUITMENT: |
|
|
| Total Prospect Inquiries |
500 |
2,500 |
| Total Prospect Visits |
3 |
35 |
| Total Number of New Projects Located |
|
|
| Total Number of New Projects Located in Targeted Industry Sectors |
1 |
10 |
| Total Number of New Jobs Created |
2,200 |
11,000 |
| Total Number of New Jobs Created in Targeted Industry Sectors |
220 |
5,500 |
| Total New Project Capital Investment (Millions) |
$185.0 |
$925.0 |
| Total New Capital Investment (Millions) in Targeted Industry Sectors |
$18.5 |
$462.5 |
| Average Annual Wage |
$39,645 |
$45,000 |
| Total New Capital Investment (Millions) in Targeted Industry Sectors |
$18.5 |
$462.5 |
| Average Annual Wage of Companies in Targeted Sectors |
$43,609 |
$49,500 |
| EXPANSION: |
|
|
| Number of Existing Company Jobs Added |
3,800 |
19,000 |
| Capital Investment of Expansions (Millions) |
$440.0 |
$2,200.0 |
All Program Performance Metrics
| Evaluation Criteria |
Innovation Valley Evaluation Criteria FY 2008 Target |
Innovation Valley Fiveyear Target |
| Education and Workforce Development: |
|
|
| High School Graduation Rate (%) |
83.0 |
90.0 |
| New Technology Curriculum Offerings at High School Level |
2 |
12 |
| New Curriculums Added at UT and Other Local Educational Institutions |
4 |
16 |
| Technology and Entrepreneurship: |
|
|
| Number of New Knowledgebased Startup Companies Formed |
5 |
50 |
| Number of TechnologyRelated Jobs Created |
77 |
2,750 |
| Business Retention and Expansion: |
|
|
| Number of Existing Company Jobs Added |
3,800 |
19,000 |
| Capital Investment of Expansions (Millions) |
$440.0 |
$2,200.0 |
| Number of Existing Industry Headquarter Visits |
35 |
200 |
| Public Policy: |
|
|
| Reduction in Populationweighted Ambient Concentration of Fine Particulate Matter (PM2.5) in All Monitored Counties (%) |
TED |
TED |
| Number of Technologyrelated Incentives Legislation Changes Supported and Passed |
0 |
2 |
| Resources for Living: |
|
|
| Increase in Number of Direct Flights (%) |
TED |
TED |
| Number of Members in Minority Executives Association |
0 |
36 |
| Increase in Quality Housing Stock in Innovation Valley (%) |
0 |
25% |
|
