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.

11.17.20 | Newsroom

Fraley and Schilling, Inc. plans to expand operations in Knoxville, Tennessee

Fraley and Schilling, Inc., a trucking and logistics provider, announced plans to expand operations in Knoxville, Tennessee. Plans for the project include adding 50 new jobs and investing $2.4 million to support growing demand in transportation and logistics. Economic development partners include Knoxville Utilities Board, the Knoxville Chamber, and Tennessee Department of Economic and Community…

11.13.20 | Newsroom

Ardagh Group plans to expand operations in Olive Branch, Mississippi

Ardagh Group, a global supplier of metal and glass packaging, announced plans to expand operations in Olive Branch, Mississippi. Plans for the project include expanding production lines to accommodate growth and adding 80 new jobs. Economic development partners include Northcentral Electric Cooperative, DeSoto County Economic Development Council, DeSoto County and Olive Branch officials, and Mississippi…

11.9.20 | Newsroom

Frito-Lay Inc. plans to expand operations in Pulaski, Tennessee

Frito-Lay Inc., a division of PepsiCo and a leading snack manufacturer, announced plans to expand operations in Pulaski, Tennessee. Plans for the project include creating 100 new jobs and investing $100 million to support future growth, adding four new manufacturing lines. Economic development partners include Pulaski Electric System, Giles County Economic Development Commission, Middle Tennessee…

11.2.20 | Newsroom

FNS Group plans to expand operations in Clarksville, Tennessee

FNS Group, a full-service transportation and logistics provider, announced plans to expand operations in Clarksville, Tennessee. Plans for the project include creating 62 new jobs and investing $33 million to construct a new facility, expanding the company’s footprint in the area. Economic development partners include Cumberland Electric Membership Corporation, Tennessee Department of Economic and Community…

10.29.20 | Newsroom

Nova Steel plans to locate in Bowling Green, Kentucky

Nova Steel, a global steel processing company, announced plans to locate in Bowling Green, Kentucky. Plans for the project include creating 110 new jobs and investing $70 million in the new facility. Economic development partners include Warren Rural Electric Cooperative Corporation, Kentucky Cabinet for Economic Development, and the Bowling Green Area Chamber of Commerce.

10.29.20 | Newsroom

Cannon Automotive Solutions plan to locate operations in Cleveland, Tennessee

Cannon Automotive Solutions, an automotive components manufacturer, plan to locate operations in Cleveland, Tennessee. The site of the new facility will be Spring Branch Industrial Park’s first tenant and was developed, in part, through TVA’s InvestPrep program. Plans for the project include 197 new jobs, and $114 million in capital investment. Economic development partners include…

10.27.20 | Newsroom

CFD Research Corporation plans to locate in Jackson County, Alabama

CFD Research Corporation, a provider of innovative solutions for the aerospace and defense, biomedical and life sciences, and energy and materials industries, announced plans to locate in Jackson County, Alabama. CFD broke ground on the 10.4 acre site, developed in part, through TVA’s InvestPrep program. Plans for the company’s engineering test facility include creating 10…

10.20.20 | Newsroom

General Motors LLC plans to establish a new Electric Vehicle Platform at its Spring Hill, Tennessee facility

General Motors LLC, announced plans to establish a new Electric Vehicle Platform at its Spring Hill, Tennessee facility. Plans for the project include retaining the 4,200 employee workforce and investing $1.7 Billion in the advanced automotive manufacturing operations. This project represents the largest single expansion investment ever made in Tennessee. General Motors is a direct…

10.19.20 | Newsroom

Babynov USA plans to locate operations in Red Boiling Springs, Tennessee

Babynov USA, a global organic baby food manufacturer, announced plans to locate operations in Red Boiling Springs, Tennessee. Plans for the company’s first U.S. production facility include creating 150 jobs and investing $44.9 million to expand its global market. Economic development partners include Tri-County Electric Membership Corporation, Tennessee Department of Economic and Community Development, Tennessee…

10.14.20 | Newsroom

Reliance Worldwide Corporation plans to construct a new distribution facility in Cullman, Alabama

Reliance Worldwide Corporation, a global provider of water control systems and plumbing solutions for domestic, commercial, industrial applications, announced plans to construct a new distribution facility in Cullman, Alabama. Plans for the project include creating 130 new jobs and investing $24 million. Economic development partners include Cullman Electric Cooperative, Cullman Economic Development Agency, Alabama Department…

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News Index

ROCKWOOL to Expand Operations in Marshall County, Mississippi

ROCKWOOL, an industrial insulation manufacturer, announced plans to expand operations in Marshall County, Mississippi. Plans for the project include creating 30 new jobs and investing more than $100 million in the company’s facility. Economic development partners include Northcentral Electric Cooperative, Mashall County Industrial Development Authority and Mississippi Development Authority. This project furthers TVA’s mission of...

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...

West Star Aviation to Expand in Hamilton County, Tennessee

West Star Aviation, an aircraft maintenance company, announced plans to expand operations in Hamilton County, Tennessee. Plans for the project include adding 200 new jobs and investing $32 million in the company’s Chattanooga manufacturing facility. Economic development partners include EPB, the City of Chattanooga, Hamilton County, Chattanooga Metropolitan Airport Authority and the Tennessee Department of...