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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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06.23.21 | Newsroom

NOVONIX announced plans to expand operations at its Chattanooga, Tennessee PUREgraphite facility

NOVONIX, a developer of anode material for the lithium-battery market, announced plans to expand operations at its Chattanooga, Tennessee PUREgraphite facility. Plans for the project include creating 290 jobs and investing $160 million to address the need for a US-based lithium-ion battery supply chain, specifically for electric vehicles and similar storage applications. Economic development partners…
06.21.21 | Newsroom

Edelbrock, LLC announced plans to locate its headquarter operations in Olive Branch, Mississippi

Edelbrock, LLC, a manufacturer of high-performance aftermarket engine components, announced plans to locate its headquarter operations in Olive Branch, Mississippi. Plans for the project include creating 200 new jobs and investing $14 million, while retaining the company’s distribution operations at the Olive Branch location. Economic development partners include Northcentral Electric Cooperative, DeSoto County Economic Development…
06.21.21 | Newsroom

Helen of Troy Limited announced plans to locate operations in Fayette County, Tennessee

Helen of Troy Limited, a leading designer and distributor of brand-name consumer products, announced plans to locate operations in Fayette County, Tennessee. Plans for project include creating 350 jobs at the new Gallaway distribution facility. Economic development partners include Chickasaw Electric Cooperative, Fayette County and Tennessee Department of Economic and Community Development. This project helps…
06.16.21 | Newsroom

Orbital Effects announced plans to expand in Huntsville, Alabama

Orbital Effects, a cutting-edge radar satellite technology company, announced plans to expand in Huntsville, Alabama. The company will create 25 new jobs at Huntsville’s Cummings Research Park. Economic development partners include Huntsville-Madison County Chamber, City of Huntsville, Huntsville Utilities, and the Alabama Department of Commerce. This project helps further TVA’s mission of service by improving…
06.10.21 | Newsroom

Walgreen Company announced plans to establish operations in Memphis, Tennessee

Walgreen Company, a leading pharmaceutical and wellness products provider, announced plans to establish operations in Memphis, Tennessee. Plans for the company’s advanced fulfillment center include creating 200 jobs and investing $30 million. Economic development partners include Memphis Light, Gas and Water, City of Memphis, Shelby County, Greater Memphis Chamber and Tennessee Department of Economic and…
06.9.21 | Newsroom

Simple Logistics Solutions (SiLo) announced plans to establish operations in Nashville, Tennessee

Simple Logistics Solutions (SiLo), a transportation freight broker, announced plans to establish operations in Nashville, Tennessee. Plans for the project include creating 92 jobs and investing $700,000 in its headquarters operations. Economic development partners include Nashville Electric Service, Nashville Area Chamber of Commerce, and Tennessee Department of Economic and Community Development. This project helps further…
06.8.21 | Newsroom

Advanex Americas announced plans to locate its headquarters and manufacturing operations in White House, Tennessee

Advanex Americas, a global precision spring and component parts manufacturer, announced plans to locate its headquarters and manufacturing operations in White House, Tennessee. Plans for the project include creating 102 jobs and investing $17 million to support production of the company’s products, which are used in a variety of industries from ballpoint pens to space…
05.26.21 | Newsroom

Safari Enterprises, LLC, announced plans to locate its headquarters and manufacturing operations to Macon County, Tennessee

Safari Enterprises, LLC, a leading manufacturer of two-seater helicopter kits, announced plans to locate its headquarters and manufacturing operations to Macon County, Tennessee. Plans for the project include creating 85 jobs and investing $7.5 million in the new facility at the Lafayette Municipal Airport. Economic development partners include Tri-County Electric Membership Corporation, Tennessee Central Economic…
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News Index

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...

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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...

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Light Electric Vehicles announces plans to establish operations in Algood, Tennessee.

Light Electric Vehicles (LEV), an electric bicycle manufacturer, announced plans to establish operations in Algood, Tennessee. Plans for the project include creating 288 new jobs and investing $7 million in the company’s Putnam County production and distribution facility. Economic development partners include Upper Cumberland Electric Membership Corporation, the Tennessee Department of Economic and Community Development, Highlands Economic Partnership, Putnam County...

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