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.

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…

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….

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News Index

Centrus to Expand in Oak Ridge, Tennessee

Centrus, the only uranium enrichment centrifuge manufacturing facility in the U.S., announced plans to expand operations in Oak Ridge, Tennessee. Plans for the project include creating 430 new jobs and investing more than $560 million to support large-scale restoration of uranium enrichment capability. Economic development partners include Oak Ridge Electric Department, the Tennessee Department of...

Heil Trailer International Plans to Expand Operations in Athens, Tennessee

Heil Trailer International, a global manufacturer of specialty transport trailers, announced plans to expand operations in Athens, Tennessee. Plans for the project include creating 18 new jobs and investing $9.8 million following the securement of a U.S. Department of the Army contract for the company’s Tactical Fuel Distribution System. Economic development partners include the Athens...

ALUKO Group Announces New Operations in Halls, Tennessee

ALUKO Group, a South Korean aluminum manufacturer, announced plans to establish operations in Halls, Tennessee. Plans for the project include creating 285 new jobs and investing $108 million in the Lauderdale County manufacturing facility. Economic development partners include Ripley Power & Light, Lauderdale County Economic and Community Development, Lauderdale County, and the Tennessee Department of...