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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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07.19.21 | Newsroom

Kairos Power announced plans to establish a low-power demonstration reactor in Oak Ridge, Tennessee

Kairos Power, an advanced nuclear engineering company, announced plans to establish a low-power demonstration reactor in Oak Ridge, Tennessee. Plans for the project include investing $100 million and creating 55 jobs to deploy the reactor, called Hermes, and advance Kairos Power’s manufacturing capabilities. Economic development partners include City of Oak Ridge Electric Department, East Tennessee Economic Council, Oak Ridge…
07.7.21 | Newsroom

Smart USA Co. announced plans to locate operations in Nashville, Tennessee

Smart USA Co., one of the world’s fastest growing retirement technology platforms, announced plans to locate operations in Nashville, Tennessee. Plans for establishing the company’s U.S. headquarters include creating 128 new jobs, and investing $2.2 million. Economic development partners include Nashville Electric Service, Nashville Area Chamber of Commerce and Tennessee Department of Economic and Community…
06.23.21 | Newsroom

NOVONIX announced plans to expand operations at its Chattanooga, Tennessee PUREgraphite facility

NOVONIX, a developer of anode material for the lithium-battery market, announced plans to expand operations at its Chattanooga, Tennessee PUREgraphite facility. Plans for the project include creating 290 jobs and investing $160 million to address the need for a US-based lithium-ion battery supply chain, specifically for electric vehicles and similar storage applications. Economic development partners…
06.21.21 | Newsroom

Edelbrock, LLC announced plans to locate its headquarter operations in Olive Branch, Mississippi

Edelbrock, LLC, a manufacturer of high-performance aftermarket engine components, announced plans to locate its headquarter operations in Olive Branch, Mississippi. Plans for the project include creating 200 new jobs and investing $14 million, while retaining the company’s distribution operations at the Olive Branch location. Economic development partners include Northcentral Electric Cooperative, DeSoto County Economic Development…
06.21.21 | Newsroom

Helen of Troy Limited announced plans to locate operations in Fayette County, Tennessee

Helen of Troy Limited, a leading designer and distributor of brand-name consumer products, announced plans to locate operations in Fayette County, Tennessee. Plans for project include creating 350 jobs at the new Gallaway distribution facility. Economic development partners include Chickasaw Electric Cooperative, Fayette County and Tennessee Department of Economic and Community Development. This project helps…
06.16.21 | Newsroom

Orbital Effects announced plans to expand in Huntsville, Alabama

Orbital Effects, a cutting-edge radar satellite technology company, announced plans to expand in Huntsville, Alabama. The company will create 25 new jobs at Huntsville’s Cummings Research Park. Economic development partners include Huntsville-Madison County Chamber, City of Huntsville, Huntsville Utilities, and the Alabama Department of Commerce. This project helps further TVA’s mission of service by improving…
06.10.21 | Newsroom

Walgreen Company announced plans to establish operations in Memphis, Tennessee

Walgreen Company, a leading pharmaceutical and wellness products provider, announced plans to establish operations in Memphis, Tennessee. Plans for the company’s advanced fulfillment center include creating 200 jobs and investing $30 million. Economic development partners include Memphis Light, Gas and Water, City of Memphis, Shelby County, Greater Memphis Chamber and Tennessee Department of Economic and…
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News Index

Glaukos Corporation to Establish Operations in Huntsville, Alabama

Glaukos Corporation, a global ophthalmic pharmaceutical and medical technology company, announced plans to establish operations in Huntsville, Madison County, Alabama. Plans for the project include creating 154 new jobs and investing more than $82 million in the company’s research, development, and manufacturing facility. Economic development partners include Huntsville Utilities, Huntsville-Madison County Chamber of Commerce, City of Huntsville, Alabama Department of Commerce,...

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Kitchen Food Co., Announces Plans to Establish Operations in Hopkinsville, Kentucky

Kitchen Food Co., a global prepared foods producer, announced plans to establish operations in Hopkinsville, Kentucky. The company plans to locate in the Hopkinsville-Christian County Spec Building, which was assisted by TVA InvestPrep program, creating 925 jobs and investing $69 million in the company’s new world-class facility. This project marks the largest job-creation announcement in...

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Performance Food Group to Expand Operations in Hamblen County, Tennessee

Performance Food Group, a foodservice company, announced plans to expand operations in Hamblen County. Plans for the project include creating 37 new jobs and investing $33 million its Morristown facility. Economic development partners include Morristown Utilities, the Morristown Area Chamber of Commerce, and the Tennessee Department of Economic and Community Development. This project furthers TVA’s...

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