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NEW & ANNOUNCEMENTS

Economic Development News & Announcements

Change happens quickly in our region. Check out the latest news and announcements from TVA Economic Development. For media inquiries, please contact us.

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01.16.26 | Newsroom

Laser Isotope Separation Technologies (LIS) to Expand Operations in Oak Ridge, Tennessee

Laser Isotope Separation Technologies (LIS), a U.S. laser enrichment technology developer, announced plans to expand operations in Oak Ridge, Tennessee. Plans for the project include creating 203 new jobs and investing $1.3 billion, becoming the first U.S. origin commercial laser uranium enrichment plant in the world, supporting U.S. utilities, next-generation reactor developers, and national defense…
12.23.25 | Newsroom

Korea Zinc to Establish First U.S. Operations in Clarksville, Tennessee

Korea Zinc, the world’s leading comprehensive nonferrous metal manufacturer, announced plans to establish the company’s first U.S. operations in Clarksville, Tennessee. Plans for the project include creating 420 new jobs and investing more than $6 billion in the company’s facilities, representing the largest single private corporate investment made in Tennessee history. Economic development partners include…
12.18.25 | Newsroom

AFKA Aluminum Solutions to Establish Operations in Bowling Green, Kentucky

AKFA Aluminum Solutions, a full-cycle aluminum production company, announced plans to establish operations in Bowling Green. Plans for the project include creating 331 new jobs. This announcement marks the first Uzbekistani company to establish manufacturing operations in the U.S. Economic development partners include the Bowling Green Area Chamber of Commerce, Kentucky Cabinet for Economic Development…
12.17.25 | Newsroom

T.RAD North America Announces Plans to Establish Operations in Montgomery County

T.RAD North America, a global radiator manufacturer, announced plans to establish operations in Montgomery County. Plans for the project include creating 930 new jobs and investing $90 million in the company’s Clarksville operations. Economic development partners include Cumberland Electric Membership Corporation, the Tennessee Department of Economic and Community Development, and the Clarksville, Montgomery County Industrial…
12.10.25 | Newsroom

Eli Lilly Announces Plans to Establish Operations in Huntsville, Alabama

Eli Lilly, a leading pharmaceutical company, announced plans to establish operations in Huntsville, Alabama. Plans for the advanced manufacturing facility include creating 450 new quality jobs and investing $6 billion, which represents the largest initial investment in the state’s history. Economic development partners include Alabama Department of Commerce, Athens Utilities, Huntsville-Madison County Chamber of Commerce,…
12.1.25 | Newsroom

Toyota to Expand its U.S. Manufacturing Presence in Jackson, Tennessee and Blue Springs, Mississippi

Toyota, a global automotive manufacturer, announced plans to expand its U.S. manufacturing presence, including two locations within TVA’s footprint. Toyota announced plans to invest $125 million in the company’s Blue Springs, Mississippi facility and $71.4 million along with 33 new jobs at its casting plant in Jackson, Tennessee. Economic development partners include Mississippi Development Authority,…
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News Index

Centrus to Expand in Oak Ridge, Tennessee

Centrus, the only uranium enrichment centrifuge manufacturing facility in the U.S., announced plans to expand operations in Oak Ridge, Tennessee. Plans for the project include creating 430 new jobs and investing more than $560 million to support large-scale restoration of uranium enrichment capability. Economic development partners include Oak Ridge Electric Department, the Tennessee Department of...

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Heil Trailer International Plans to Expand Operations in Athens, Tennessee

Heil Trailer International, a global manufacturer of specialty transport trailers, announced plans to expand operations in Athens, Tennessee. Plans for the project include creating 18 new jobs and investing $9.8 million following the securement of a U.S. Department of the Army contract for the company’s Tactical Fuel Distribution System. Economic development partners include the Athens...

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ALUKO Group Announces New Operations in Halls, Tennessee

ALUKO Group, a South Korean aluminum manufacturer, announced plans to establish operations in Halls, Tennessee. Plans for the project include creating 285 new jobs and investing $108 million in the Lauderdale County manufacturing facility. Economic development partners include Ripley Power & Light, Lauderdale County Economic and Community Development, Lauderdale County, and the Tennessee Department of...

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