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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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11.4.21 | Newsroom

Virnig Manufacturing, Inc. announced plans to establish operations in Pikeville, Tennessee

Virnig Manufacturing, Inc., a producer of skid steer attachments, announced plans to establish operations in Pikeville, Tennessee. Plans for the project include creating 74 new jobs and investing $11 million as the company expands its operations to Bledsoe County. Economic development partners include Sequachee Valley Electric Cooperative, Bledsoe County, City of Pikeville, and Tennessee Department of Economic and Community…
11.3.21 | Newsroom

SP-Teri announced plans to establish operations in Humphreys County

SP-Teri, a figure skating boot manufacturer, announced plans to establish operations in Humphreys County. Plans for the project include creating 35 new jobs and investing $435,000 at the company’s new McEwen headquarters and manufacturing facility. Economic development partners include Meriwether Lewis Electric Cooperative, Tennessee Department of Economic and Community Development, and the Humphreys County Economic Development Council. This impactful…
11.2.21 | Newsroom

Tyson Foods announced plans to establish operations in Bowling Green, Kentucky

Tyson Foods, a world-leading protein company, announced plans to establish operations in Bowling Green, Kentucky. Plans for the project include creating 450 jobs and investing $355 million, the largest attraction project in the history of Bowling Green and Warren County. Economic development partners include Warren Rural Electric Cooperative Corporation, Kentucky Cabinet for Economic Development and the Bowling Green…
11.1.21 | Newsroom

Voyant Beauty announced plans to expand operations in Olive Branch, Mississippi

Voyant Beauty, a leading manufacturer of beauty and personal care products, announced plans to expand operations in Olive Branch, Mississippi. Plans for the project include adding 80 new jobs and investing $13 million to increase capacity and expand product lines. Economic development partners include Northcentral Electric Cooperative, DeSoto County Economic Development Council, DeSoto County officials and Mississippi Development Authority….
10.27.21 | Newsroom

Faurecia announced plans to expand operations in Spring Hill, Tennessee

Faurecia, an automotive components manufacturer, announced plans to expand operations in Spring Hill, Tennessee. Plans for the project include creating 170 new jobs and investing $18 million to expand operations and increase manufacturing capabilities to support production to several major OEMs. Economic development partners include Columbia Power & Water Systems, Maury Alliance, Middle Tennessee Industrial Development Association, and Tennessee…
10.22.21 | Newsroom

Lodge Manufacturing Company announced plans to expand its Marion County operations

Lodge Manufacturing Company, America’s oldest manufacturer of cast iron cookware, announced plans to expand its Marion County operations. Plans for this project include creating 239 jobs and investing $56 million to enhance production capabilities. Economic development partners include Sequachee Valley Electric Cooperative, Marion County Government, City of South Pittsburg Government, and Tennessee Department of Economic and Community Development. This…
10.20.21 | Newsroom

Steam Logistics announced plans to expand operations in Chattanooga

Steam Logistics, a third-party logistics company, announced plans to expand operations in Chattanooga. Plans for the project include creating 400 new jobs and investing nearly $7 million to support the Chattanooga-based company’s growth. Economic development partners include EPB, Chattanooga Area Chamber of Commerce, City of Chattanooga, Hamilton County and Tennessee Department of Economic and Community Development. This project furthers…
10.18.21 | Newsroom

Tull Brothers Inc. announced plans to expand operations in Corinth, Mississippi

Tull Brothers Inc., an industry-leading manufacturer and distributor of sustainable building opening solutions, announced plans to expand operations in Corinth, Mississippi. Plans for the project include investing $2 million, renovating an existing building and creating more than 15 jobs to support the company’s growth. Economic development partners include Alcorn County Electric Power Association, The Alliance, Alcorn County and Mississippi…
10.13.21 | Newsroom

Engineered Plastics Components, Inc. announced plans to expand operations at the company’s Bessemer, AL facility

Engineered Plastics Components, Inc., a thermal plastics automotive supplier, announced plans to expand operations at the company’s Bessemer, AL facility. Plans for the project include creating 75 jobs and investing $8 million.  Economic Development partners include Bessemer Electric Service, The City of Bessemer, Birmingham Business Alliance and the Alabama Department of Commerce. This project furthers TVA’s mission of…
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News Index

Hyosung HICO to Expand Operations in Memphis, Tennessee

Hyosung HICO, a power transformer manufacturer, announced plans to expand operations in Memphis, Tennessee. Plans for the project include creating 120 new jobs and investing $51 million in the company’s U.S. manufacturing headquarters. Economic development partners include Memphis Light Gas and Water, the Greater Memphis Chamber, Memphis Shelby County EDGE and the Tennessee Department of...

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GE Aerospace Announces Plans to Expand Operations in Batesville, Mississippi

GE Aerospace, an aerospace and defense company, announced plans to expand operations in Batesville, Mississippi. Plans for the project include creating 100 new jobs and investing $11 million as the company increases production at the Panola County site. Economic development partners include Tallahatchie Valley Electric Power Association, Panola Partnership, and the Mississippi Development Authority. This...

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Troax Group to Locate Operations in Portland, Tennessee

Troax Group, a wire mesh safety solutions manufacturer, announced plans to locate operations in Portland, Tennessee. Plans for the project include creating 120 new jobs and investing $23 million in the company’s Robertson County operations. Economic development partners include Cumberland Electric Membership Corporation, the City of Portland, Robertson County and the Tennessee Department of Economic...

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