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.

07.31.24 | Newsroom

PANTHERx Rare to Establish New Dispensing Facility in Collierville, Tennessee

PANTHERx Rare, a pharmacy and wholesale company, announced plans to establish operations in Collierville, Tennessee. Plans for the project include creating 120 new jobs and investing $4 million in the company’s new dispensing facility. Economic development partners include Memphis Light Gas, and Water, the Greater Memphis Chamber and the Tennessee Department of Economic and Community Development. This project furthers…

07.23.24 | Newsroom

Liebherr Announces Plans for New Facility in Tupelo, Mississippi

Liebherr, one of the world’s largest manufacturers of construction equipment, announced plans to establish operations in Tupelo, Mississippi. Plans for the project include creating 180 new jobs and investing $176 million, with potential for future growth at the company’s Lee County distribution and manufacturing operations. Economic development partners include Tombigbee Electric Power Association, the Community…

07.22.24 | Newsroom

Howmet Aerospace Inc. Expands Footprint in Morristown, Tennessee

Howmet Aerospace Inc., an international provider of advanced engineered solutions, announced plans to expand operations in Morristown, Tennessee. Plans for the project include creating 50 new jobs and investing $28 million in its Hamblen County facility. Economic development partners include Morristown Utilities, the Morristown Area Chamber of Commerce and the Tennessee Department of Economic and…

07.18.24 | Newsroom

Ashley Furniture Industries Plans Expansion in Lee County, Mississippi

Ashley Furniture Industries, the world’s largest manufacturer of home furnishings, announced plans to expand operations in Lee County, Mississippi. Plans for the project include creating 500 new jobs and investing $80 million at the company’s Verona facility. Economic development partners include Tombigbee Electric Power Association, Mississippi Development Authority, and the Community Development Foundation. This project…

06.27.24 | Newsroom

Shape Corp. Announces New Facility in Huntsville, Alabama

Shape Corp., an automotive manufacturing supplier, announced plans to establish new operations in Huntsville, Alabama in addition to their existing Athens, Alabama location. The company plans to create 100 new jobs and invest $74 million in its Huntsville facility. Economic development partners include Limestone County Economic Development Association, Athens Utilities, State of Alabama Department of…

06.11.24 | Newsroom

Lazestar Inc. Plans Expansion in Williamson County, Tennessee

Lazestar, Inc., a manufacturing and laser welding company, announced plans to establish operations in Williamson County, Tennessee. The company plans to create 25 new jobs and invest $5 million in its Fairview facility. Economic development partners include Middle Tennessee Electric, Williamson Inc., and the Tennessee Department of Economic and Community Development. This project furthers TVA’s…

06.10.24 | Newsroom

Toyota Motors Manufacturing to Expand Operations in Madison County, Alabama

Toyota Motors Manufacturing announced plans to expand operations in Madison County, Alabama. The company plans to add 350 new jobs and invest $282 million with this latest expansion. Economic development partners include Huntsville Utilities, Madison County, City of Huntsville, Huntsville Madison Chamber of Commerce, and the Alabama Department of Commerce. This project furthers TVA’s mission…

05.22.24 | Newsroom

Loudon County Welcomes PPG’s Newest U.S. Manufacturing Facility

PPG, a paint and coatings manufacturer, announced plans to establish operations in Loudon County, Tennessee. The company plans to create 129 new jobs and invest $225 million in its newest U.S. manufacturing facility. Economic development partners include Loudon Utilities, Loudon County, City of Loudon, Loudon County Economic Development Agency, and the Tennessee Department of Economic…

05.9.24 | Newsroom

BorTec USA to Establish First U.S. Location in Johnson City, Tennessee

BorTec USA, a manufacturer of pipes for the oil and gas industries, announced plans to establish operations in Johnson City, Tennessee. Plans for the project include creating 35 new jobs and investing $3 million in the company’s first U.S. location. Economic development partners include BrightRidge, the City of Johnson City, Washington County Economic Development Council,…

04.26.24 | Newsroom

Avancez Plans Expansion at Ford’s BlueOval City Supplier Park in Haywood County

Avancez, an automotive supplier, announced plans to establish operations at Ford’s BlueOval City Supplier Park. Plans for the project include creating 500 new jobs and investing $54 million in the company’s Haywood County assembly operations. Economic development partners include Southwest Tennessee Electric Membership Corporation, the Tennessee Department of Economic and Community Development, Haywood County, and…

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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...