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.

12.6.21 | Newsroom

Nashville Box, LLC announced plans to locate operations in Lebanon, Tennessee

Nashville Box, LLC, a corrugated box manufacturer, announced plans to locate operations in Lebanon, Tennessee. Plans for the project include creating 48 new jobs and investing $3.3 million to support growth and service businesses with high volume corrugated packaging needs. Economic development partners include Middle Tennessee Electric, Joint Economic and Community Development Board of Wilson County, and Tennessee Department…

11.30.21 | Newsroom

Anatolia Granite and Marble Corp announced plans to expand operations in Putnam County, Tennessee

Anatolia Granite and Marble Corp, a natural stone, glass and metal manufacturer, announced plans to expand operations in Putnam County, Tennessee. Plans for the project include creating 40 new jobs and investing $567,000 in the Baxter facility. Economic development partners include Upper Cumberland Electric Membership Corporation, City of Baxter, Highlands Economic Partnership, Upper Cumberland Development District, Small Business Center…

11.29.21 | Newsroom

Bioventus announced plans to expand operations in Shelby County

Bioventus, a global medical device manufacturer, announced plans to expand operations in Shelby County. Plans for the project include creating 40 new jobs and investing $9 million to meet growing customer demands and expand product portfolio at the Cordova facility. Economic development partners include Memphis Light Gas and Water, the Memphis Chamber, Memphis/Shelby County EDGE, and Tennessee Department of…

11.24.21 | Newsroom

VP Racing Fuels announced plans to expand operations in Carroll County

VP Racing Fuels, a race fuel manufacturer and distributor, announced plans to expand operations in Carroll County. Plans for the project include investing $14.2 million and creating 150 new jobs across its existing facility and establishing a new location in Carroll County. Economic development partners include Carroll County Electric Department, City of McKenzie, Carroll County and Tennessee Department of…

11.22.21 | Newsroom

86 Pearson Lane, LLC announced plans to establish operations in Lexington, Tennessee

86 Pearson Lane, LLC, a startup heat exchange manufacturer, announced plans to establish operations in Lexington, Tennessee. Plans for the company’s first location include creating 150 jobs and investing $16 million in Henderson County. Economic development partners include Lexington Electric System, Tennessee Department of Economic and Community Development, City of Lexington and Henderson County. This project further TVA’s mission…

11.12.21 | Newsroom

Cerrowire announced plans to establish a new metal clad cable manufacturing facility in Hartselle, Alabama

Cerrowire, a leading U.S. manufacturer of cooper building wire, announced plans to establish a new metal clad cable manufacturing facility in Hartselle, Alabama. Plans for the project include creating 130 new jobs and investing $100 million at the facility. Economic development partners include Joe Wheeler EMC, Morgan County Economic Development Association, and the Alabama Department of Commerce. …

11.10.21 | Newsroom

Amazon announced plans to establish an “XL” Non-Sortable facility designed to receive, store and package heavy or bulky items like home appliances in Huntsville, Alabama.

Amazon, a global electronic commerce and cloud computing company, announced plans to establish an “XL” Non-Sortable facility designed to receive, store and package heavy or bulky items like home appliances in Huntsville, Alabama. Plans for the project include creating 250 new jobs at the facility, which will also utilize innovative Amazon technologies and energy efficient, zero-emission power…

11.8.21 | Newsroom

Dr. Schneider Automotive Systems announced plans to establish operations in Lee County, Mississippi

Dr. Schneider Automotive Systems, a global automotive supplier specializing in high-quality automotive interior products, announced plans to establish operations in Lee County, Mississippi. Plans for the project include creating 400 jobs and investing $22.5 million in the Baldwyn facility. Economic development partners include Prentiss County EPA, Community Development Foundation, Lee County and Mississippi Development Authority. This project furthers TVA’s…

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…

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News Index

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,...

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,...

Hyosung HICO Announces Expansion in Memphis, Tennessee

Hyosung HICO, a global power transformer manufacturer, announced plans to expand operations in Memphis, Tennessee. Plans for the project include creating 240 new jobs and investing more than $150 million as the company constructs a new facility at its U.S. headquarters, marking the second expansion project at the facility in six months. Upon completion, the...