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.

10.7.21 | Newsroom

Firestone Building Products announced plans to expand operations in Nashville

Firestone Building Products, a leading manufacturer of roofing and building solutions,  announced plans to expand operations in Nashville. Plans for the project include creating 28 new jobs and investing $13 million to support the company headquarters expansion. Economic development partners include Nashville Electric Service, Nashville Area Chamber of Commerce and Tennessee Department of Economic and Community Development. This project…

10.6.21 | Newsroom

IMC Companies announced plans to expand its headquarters operations in Shelby County

IMC Companies, the largest marine drayage company in the U.S., announced plans to expand its headquarters operations in Shelby County. Plans for the project include creating 150 new jobs and investing $23 million to support the company’s growth. Economic development partners include MLGW, City of Collierville, Memphis / Shelby County EDGE, and Tennessee Department of Economic and Community Development….

10.4.21 | Newsroom

Harbor Steel & Supply Corp. announced plans to expand operations in Bowling Green, Kentucky

Harbor Steel & Supply Corp., a metals distributor and manufacturer, announced plans to expand operations in Bowling Green, Kentucky. Plans for the project include adding 25 new jobs and investing $8 million to support growth and meet supply demands. Economic development partners include Warren RECC, the Bowling Green Area Chamber of Commerce and Kentucky Cabinet for Economic Development. This…

09.30.21 | Newsroom

Smith & Wesson Brands, Inc. announced plans to locate operations and create hundreds of new jobs in Blount County, TN

Smith & Wesson Brands, Inc., a leading U.S. based firearms manufacturer, announced plans to locate operations and create hundreds of new jobs in Blount County, TN. Plans for the project include creating 750 jobs and investing $125 million in the company’s new headquarters, distribution, assembly and plastic injection molding operations. Economic development partners include City of Alcoa Utilities, Tennessee…

09.28.21 | Newsroom

Ford Motor Company announced plans to locate its new Electric Vehicle and battery plant in Stanton, Tennessee

Ford Motor Company, a leading American automotive manufacturer, along with SK Innovation announced plans to locate its new Electric Vehicle and battery plant in Stanton, Tennessee. Plans for the company’s largest, most advanced, most efficient auto production complex include creating nearly 6,000 jobs and investing $5.6 billion to build next-generation zero-emission vehicles on the nearly 6-square mile Memphis Regional Megasite. The…

09.24.21 | Newsroom

Florim USA, Inc. announced plans to expand operations at its Clarksville, Tennessee facility

Florim USA, Inc., a global leader in the ceramics industry, announced plans to expand operations at its Clarksville, Tennessee facility. Plans for the project include adding 30 new jobs and investing $35 million to increase production capabilities and offerings. Economic development partners include Cumberland Electric Membership Corporation, Clarksville-Montgomery County Economic Development Council, and Tennessee Department of Economic and Community…

09.24.21 | Newsroom

Load Covering Solutions Ltd. announced plans to establish operations in Cadiz, Kentucky

Load Covering Solutions Ltd., a producer and distributor of tarp systems for the commercial trucking industry, announced plans to establish operations in Cadiz, Kentucky. Plans for the project include creating 30 new jobs and investing $2 million it the Trigg County operations. Economic development partners include Pennyrile RECC, Southwestern Kentucky Economic Development Council, and the Kentucky Cabinet for Economic…

09.20.21 | Newsroom

Kelvion Inc., announced plans to expand operations in Knoxville, Tennessee

Kelvion Inc., global heat exchanger manufacturer, announced plans to expand operations in Knoxville, Tennessee. Plans for the project include creating 74 new jobs and investing $3.8 million to increase production. Economic development partners include Knoxville Utilities Board, Knoxville Chamber, East Tennessee Economic Development Agency, and Tennessee Department of Economic and Community Development. This project helps further TVA’s mission of…

09.8.21 | Newsroom

Shinhung Global USA Inc., announced plans to expand operations in Clarksville, Tennessee

Shinhung Global USA Inc., a global logistics company, announced plans to expand operations in Clarksville, Tennessee. Plans for the project include creating 80 new jobs and investing $10 million in the company’s sole U.S. facility. Economic development partners include Cumberland Electric Membership Corporation, Clarksville-Montgomery County Economic Development Council, and Tennessee Department of Economic and Community Development. This project furthers…

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...

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...

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...