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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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02.19.25 | Newsroom

Charms LLC Announces Plans to Expand Operations in Tipton County, Tennessee

Charms LLC, a candy manufacturer, announced plans to expand operations in Tipton County, Tennessee. Plans for the project include creating 62 new jobs and investing $97.7 million in the company’s Covington location. Economic development partners include Covington Electric System, Tipton Count Community Development and the Tennessee Department of Economic and Community Development.  This project furthers…
02.6.25 | Newsroom

Southeastern Timber Products to Expand Operations in Choctaw County, Mississippi

Southeastern Timber Products, a manufacturer of lumber, timber, and decking products, announced plans to expand operations in Choctaw County. Plans for the project include creating 40 new jobs and investing $123 million in its Ackerman facility. Economic development partners include The Enterprise, 4-County Electric Power, and Mississippi Development Authority. This project furthers TVA’s mission of…
01.29.25 | Newsroom

Yancey Engineered Solutions Announces Plans to Establish Operations in Batesville, Mississippi

Yancey Engineered Solutions, a generator enclosure and fuel tank manufacturer, announced plans to establish operations in Batesville, Mississippi. Plans for the project include creating 250 jobs and investing $20.8 million in the company’s Panola County facility. Economic development partners include Tallahatchie Valley Electric Power Association, Mississippi Development Authority, and Panola Partnership. This project furthers TVA’s…
01.3.25 | Newsroom

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,…
12.24.24 | Newsroom

Danny Isaacs Honored with Kentucky Association for Economic Development’s Allied Professional of the Year Award

Danny Isaacs, Economic Development Regional Consultant for the Tennessee Valley Authority (TVA), has been awarded the prestigious Allied Professional Award by the Kentucky Association for Economic Development (KAED). A key to any location is the assistance and expertise offered by economic development professionals in areas such as utilities, job training, construction, education, government, and research. …
12.23.24 | Newsroom

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…
12.20.24 | Newsroom

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…
12.19.24 | Newsroom

ALUKO Group to Establish First U.S. Manufacturing Facility in Madison County, Tennessee

ALUKO Group, an aluminum battery casing manufacturer, announced plans to establish operations in Madison County, Tennessee. Plans for the project include creating 55 new jobs and investing more than $36 million in the company’s first U.S. manufacturing facility. The new facility will supply aluminum battery casings at Ford Motor Company’s BlueOval City. Economic development partners…
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News Index

Howmet Aerospace Inc., Announces Expansion in Morristown, Tennessee

Howmet Aerospace Inc., an international aerospace company, announced plans to expand operations in Morristown, Tennessee. Plans for the project include creating 217 new jobs at the company’s Hamblen County 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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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...

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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...

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