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.

01.20.22 | Newsroom

3M announced plans to expand operations in Clinton, Tennessee

3M, a leading global consumer goods producer, announced plans to expand operations in Clinton, Tennessee. Plans for the project include adding nearly 600 jobs and investing $470 million to expand two of its fast-growing product lines: Filtrete™ air filters and Command™ adhesive strips, allowing the company to respond to growing consumer demand. Economic development partners include Clinton Utilities Board, Anderson…

01.12.22 | Newsroom

Novelis announced plans to expand its recently opened operations in Guthrie, Kentucky

Novelis, an aluminum producer and recycler, announced plans to expand its recently opened operations in Guthrie, Kentucky. Plans for the project include creating 140 new jobs and investing $365 million to increase capacity to serve the automotive market. Economic development partners include Pennyrile RECC, the Kentucky Cabinet of Economic Development, Southwestern Kentucky Economic Development Kentucky Economic Development Council, Todd…

01.12.22 | Newsroom

REI Co-op announced plans to establish operations in Lebanon, Tennessee

REI Co-op, the nation’s largest consumer co-op and specialty outdoor retailer, announced plans to establish operations in Lebanon, Tennessee. Plans for the project include creating 280 new jobs at the company’s new distribution center. Economic development partners include Middle Tennessee Electric, Joint Economic and Community Development Board of Wilson County, and Tennessee Department of Economic and Community…

12.13.21 | Newsroom

West Star Aviation announced plans to expand operations in Chattanooga, TN

West Star Aviation, a full-service aircraft maintenance, repair and overhaul company, announced plans to expand operations in Chattanooga, TN. Plans for the project include creating 100 jobs and investing $17 million in the Hamilton County facility to support growth. Economic development partners include EPB and Tennessee Department of Economic and Community Development. This project furthers TVA’s mission of service…

12.7.21 | Newsroom

Sinova Global announced plans to establish operations in Lake County, Tennessee

Sinova Global, a silicon metal producer, announced plans to establish operations in Lake County, Tennessee. Plans for the project include creating 140 new jobs and investing $150 million in the new state-of-the-art silicon metal refining plant. The silicon metal produced at the Tiptonville plant will be used to manufacture silicone anode batteries, solar cells, semiconductors and aluminum and is…

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…

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News Index

Homeland Vinyl Products to expand operations in Surgoinsville, Tennessee

Homeland Vinyl Products, a residential and commercial vinyl products manufacturer, announced plans to expand operations in Surgoinsville, Tennessee. Plans for the project include creating 50 new jobs and investing $5.5 million as the company adds additional product lines. Economic development partners include Holston Electric Cooperative, Hawkins County Industrial Development Board, Networks Sullivan Partnership and the Tennessee Department of Economic...

Virginia Transformer announces plans to establish operations in Muscle Shoals, Alabama.

Virginia Transformer, North America’s largest power transformer manufacturer, announced plans to establish operations in Muscle Shoals, Alabama. Plans for the project include creating 1,100 new jobs at the company’s state-of-the-art operations in Colbert County. Economic development partners include Muscle Shoals Electric Board, Shoals EDA, Alabama Department of Commerce, Norfolk Southern, City of Muscle Shoals, Colbert County and...

Underground Solutions, Inc. announces plans to establish operations in Batesville, Mississippi.

Underground Solutions, Inc., an infrastructure technology company, announced plans to establish operations in Batesville, Mississippi. The company plans to invest $80 million in the manufacturing facility and create 50 new jobs. Economic development partners include Tallahatchie Valley Electric Power Association, Panola Partnership, Mississippi Development Authority and TVA. This project furthers TVA’s mission of service to help improve the...