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.

10.16.24 | Newsroom

Reconext to Establish Presence in Memphis

Reconext, a global aftermarket electronics company, announced plans to establish operations in Shelby County, Tennessee. Plans for the project include creating 200 new jobs and investing $9 million to support the company’s client base across the Southeast. Economic development partners include Memphis Light, Gas and Water, the Greater Memphis Chamber, Memphis Shelby County EDGE, and…

10.11.24 | Newsroom

The Anderson-DuBose Company to Establish First Distribution Facility in Jefferson City, Tennessee

The Anderson-DuBose Company, a distributor for the food service industry, announced plans to establish operations in Jefferson City, Tennessee. Plans for the project include creating 80 new jobs and investing $40 million in the company’s facility. Economic development partners include Appalachian Electric Cooperative, Jefferson County Alliance, City of Jefferson City, Jefferson County, Norfolk Southern Railway,…

09.9.24 | Newsroom

Kentucky Aluminum Processors Breaks Ground on New $40 Million Facility in Logan County, Kentucky

Kentucky Aluminum Processors, an aluminum recycling facility, plans to establish operations in Logan County, Kentucky. Plans for the project include the creation of 75 new jobs and $40 million in the company’s new Russellville facility. Economic development partners include the Kentucky Cabinet for Economic Development, Pennyrile Rural Electric Cooperative Corporation, and the Logan County Alliance…

09.9.24 | Newsroom

Builders Supply Co. expands in DeKalb County, Alabama

Builders Supply Co. Inc., a building materials and supply manufacturer, announced plans to expand operations in Dekalb County, Alabama. Plans for the project include investing $10.6 million in a new Fort Payne facility and creating an additional 10 jobs. Economic development and local power company partners include Fort Payne Improvement Authority, City of Fort Payne,…

09.4.24 | Newsroom

Orano USA Seeks To Locate Uranium Enrichment Operations in Oak Ridge, Tennessee

Orano USA, a leading provider of materials and services to the US nuclear industry, announced plans to locate a state-of-the-art centrifuge uranium enrichment facility in Oak Ridge, Tennessee. Plans for the project include creating more than 300 new jobs, with an historic capital investment towards furthering an ecosystem for the future of nuclear advancement in…

08.26.24 | Newsroom

Amazon Announces Last-Mile Facility in Lee County, Mississippi

8/26/24 Amazon, a global e-commerce company, announced plans to establish operations in Lee County, Mississippi. The company plans to locate its Last-Mile Facility in a new Saltillo facility supported by TVA InvestPrep. Economic Development partners include Tombigbee Electric Power Association, Community Development Foundation, and the Mississippi Development Authority. This project furthers TVA’s mission of service…

08.22.24 | Newsroom

Nashville Wire Products Expands in Humphreys County, Tennessee

Nashville Wire Products, a wire shelving, display and retail products producer, announced plans to expand operations in Humphreys County, Tennessee. Plans for the project include creating 102 new jobs and investing $20 million as the company establishes a new manufacturing site in McEwen, Tennessee. Economic development partners include Meriwether Lewis Electric Cooperative, Humphreys County Economic Development Council, Humphreys County…

08.22.24 | Newsroom

Broad Support for TVA’s Advanced Nuclear Leadership

The Tennessee Valley Authority Board of Directors, on Thursday, approved $150 million in additional advanced nuclear funding to support continued design work and TVA’s development of potential small modular reactors (SMRs) at its Clinch River site near Oak Ridge, Tenn. The Board, which approved an initial $200 million at its February 2022 board meeting, has…

08.13.24 | Newsroom

MD Carts LLC to Expand in Johnson City, Tennessee

MD Carts, LLC, a manufacturer of golf carts, announced plans to expand operations in Johnson City, Tennessee. Plans for the project include creating 200 new jobs and investing $10 million to allow for larger production capacity. Economic development partners include BrightRidge, the City of Johnson City, Washington County Economic Development Council and the Tennessee Department of Economic and Community…

08.12.24 | Newsroom

John Deere Power Products Announces Plans for Expansion in Greene County, Tennessee

John Deere Power Products, an agriculture, construction, forestry, and turf care equipment manufacturer, announced plans to expand operations in Greene County, Tennessee. The company plans to create 25 new jobs and invest $15 million to meet increased demand and expand its manufacturing presence in Greeneville. Economic development partners include Greeneville Energy Authority, Greene County Partnership and the Tennessee Department…

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News Index

Dometic, a global outdoor technology company, announces plans to expand operations in Sparta, Tennessee.

Dometic, a global outdoor technology company, announced plans to expand operations in Sparta, Tennessee. Plans for the project include creating more than 90 new jobs at its White County manufacturing facility. Economic development partners include Sparta Electric & Public Works, the Highlands Economic Partnership, the Tennessee Department of Economic and Community Development, and TVA. This project furthers...

Solero Technologies, a leading global automotive supplier, announces plans to expand operations in Water Valley, Mississippi

Solero Technologies, a leading global automotive supplier, announced plans to expand operations in Water Valley, Mississippi. Plans for the project include creating 86 new jobs and investing $14 million to upgrade and add new lines at the company’s Yalobusha County operations. Economic development partners include Water Valley Utilities Commission, the city of Water Valley, Yalobusha County Economic Development District,...

Marathon Cheese, a custom cheese packaging and transportation company, announces plans to expand operations in Booneville, Mississippi

Marathon Cheese, a custom cheese packaging and transportation company, announced plans to expand operations in Booneville, Mississippi. Plans for the project include creating 39 new jobs and investing $326,000 as the company expands production at its Prentiss County location. Economic development partners include Prentiss County Electric Power Association, Mississippi Development Authority, Prentiss County Development Association, and TVA. This project...