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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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09.20.21 | Newsroom

Kelvion Inc., announced plans to expand operations in Knoxville, Tennessee

Kelvion Inc., global heat exchanger manufacturer, announced plans to expand operations in Knoxville, Tennessee. Plans for the project include creating 74 new jobs and investing $3.8 million to increase production. Economic development partners include Knoxville Utilities Board, Knoxville Chamber, East Tennessee Economic Development Agency, and Tennessee Department of Economic and Community Development. This project helps further TVA’s mission of…
09.8.21 | Newsroom

Shinhung Global USA Inc., announced plans to expand operations in Clarksville, Tennessee

Shinhung Global USA Inc., a global logistics company, announced plans to expand operations in Clarksville, Tennessee. Plans for the project include creating 80 new jobs and investing $10 million in the company’s sole U.S. facility. Economic development partners include Cumberland Electric Membership Corporation, Clarksville-Montgomery County Economic Development Council, and Tennessee Department of Economic and Community Development. This project furthers…
09.7.21 | Newsroom

Martinrea Hopkinsville, LLC

Martinrea Hopkinsville, LLC, an automotive supplier of lightweight structures and propulsion systems, announced plans to expand operations in Christian County, Kentucky. Plans for the project include adding 33 new jobs to the existing 515 workforce and investing $31 million to support the company’s growth. Economic development partners include Pennyrile RECC, Southwestern Kentucky Economic Development Council, City of Hopkinsville, Christian…
09.7.21 | Newsroom

Thermo Fisher Scientific announced plans to establish a new manufacturing facility in Wilson County, Tennessee

Thermo Fisher Scientific, a leading global life sciences company, announced plans to establish a new manufacturing facility in Wilson County, Tennessee. Plans for the project include creating 1,400 new jobs and investing $100 million in the Lebanon facility. Economic development partners include Middle Tennessee Electric, the Joint Economic & Community Development Board of Wilson County, and Tennessee Department of…
08.30.21 | Newsroom

KBR, Inc., plans to expand its operations in Huntsville, Alabama

KBR, Inc., which provides engineering, scientific and technical services to the defense and aerospace industries, announced plans to expand its operations in Huntsville, Alabama. Plans for the project include creating 160 new jobs to support the company’s growth. Economic development partners include, Huntsville-Madison County Chamber, Huntsville Utilities, and the Alabama Department of Commerce. This project…
08.26.21 | Newsroom

IGT Technologies, Inc., announced plans to expand operations in Knoxville, Tennessee

IGT Technologies, Inc., a technology and business process management company, announced plans to expand operations in Knoxville, Tennessee. Plans for the project include creating 200 new jobs and investing $3.9 million to support the company’s growth. Economic development partners include, Knoxville Utilities Board, Knoxville Chamber, East Tennessee Economic Development Agency, University of Tennessee, Pellissippi State Community College, and Tennessee…
08.25.21 | Newsroom

Sungwoo Hitech America Corp announced plans to locate its first U.S. manufacturing operations in Washington County, Tennessee

Sungwoo Hitech America Corp, a global automotive supplier, announced plans to locate its first U.S. manufacturing operations in Washington County, Tennessee. Plans for the project include creating 117 jobs and investing $40 million in the Telford facility. Economic development partners include BrightRidge, Northeast Tennessee Regional Economic Partnership, Town of Jonesborough, Washington County and Tennessee Department of Economic and Community…
08.18.21 | Newsroom

Amazon nnounced plans to establish a new, state-of-the-art fulfillment center in Clarksville, Tennessee

Amazon, a global electronic commerce and cloud computing company, announced plans to establish a new, state-of-the-art fulfillment center in Clarksville, Tennessee. Plans for the project include creating 500 new jobs at the facility, which will also house innovative Amazon technologies and energy efficient, zero-emission power industrialized truck equipment. Economic development partners include Cumberland Electric Membership Corporation, Clarksville-Montgomery…
08.10.21 | Newsroom

Bilstein Cold Rolled Steel LP announced plans to expand operations in Bowling Green, Kentucky

Bilstein Cold Rolled Steel LP, a global fabricated metals manufacturer, announced plans to expand operations in Bowling Green, Kentucky. Plans for the project include investing $17.8 million to support the company’s growth and additional facility space. Economic development partners include Warren Rural Electric Cooperative Corporation, the Bowling Green Area Chamber of Commerce, and the Kentucky Cabinet for…
08.5.21 | Newsroom

Oldcastle APG announced plans to expand operations in Clarksville, Tennessee

Oldcastle APG, North America’s leading manufacturer of concrete building and hardscape products, announced plans to expand operations in Clarksville, Tennessee. Plans for the project include creating 45 new jobs and investing more than $10 million to increase production. Economic development partners include Cumberland Electric Membership Corporation, Clarksville-Montgomery County Economic Development Council and Tennessee Department of Economic and Community Development….
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News Index

Kyoto Fusioneering announces plans to establish operations in Oak Ridge, Tennessee.

Kyoto Fusioneering, a premier fusion technology and integrated systems developer, announced plans to establish operations in Oak Ridge, Tennessee. Plans for this project include creating 51 new jobs and investing $47 million in the company’s U.S. headquarters operations in Anderson County. Economic development partners include Oak Ridge Electric Department, Oak Ridge National Laboratory, U.S. Department of Energy, City of...

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Traxion Materials, a tire recycling company, announces plans to expand operations in Campbell County, Tennessee.

Traxion Materials, a tire recycling company, announced plans to expand operations in Campbell County, Tennessee. The company plans to create 49 new jobs and invest $5 million to expand its Jacksboro recycling and upcycling operations. Economic development partners include LaFollette Utilities Board, the Tennessee Department of Economic and Community Development, East Tennessee Economic Development Agency, Campbell County Industrial Board,...

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Energizing Tennessee: Recruiting for the Nuclear Renaissance with Derrick Collins, TVA

Advanced energy 🤝 economic development. Derrick Collins, Regional Economic Development Consultant for the Tennessee Valley Authority joins Energizing Tennessee to discuss: Click here to listen. About Energizing Tennessee: Energizing Tennessee, powered by the Tennessee Advanced Energy Business Council, explores the latest news and insights about the advanced energy sector. Hear from advanced energy leaders and experts...

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