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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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04.14.21 | Newsroom

LG Electronics announced plans to expand operations in Clarksville, Tennessee

LG Electronics, a world-leading home appliance manufacturer, announced plans to expand operations in Clarksville, Tennessee. Plans for the project include creating 334 new jobs and investing $20.5 million to meet unprecedented demand for the company’s top-rated washing machines. Economic development partners include Cumberland Electric Membership Corporation, Clarksville-Montgomery County Economic Development Council, and Tennessee Department of…
04.6.21 | Newsroom

BRS Offroad North America announced plans to establish operations in Lewis County, Tennessee

BRS Offroad North America, an offroad and luxury camper manufacturer, announced plans to establish operations in Lewis County, Tennessee. Plans for the company’s headquarters and manufacturing operations include investing $1.7 million and creating 115 new jobs at the Hohenwald facility. Economic development partners include Meriwether Lewis Electric Cooperative, City of Hohenwald, Lewis County, City of…
04.1.21 | Newsroom

Miller Industries announced plans to expand operations in Greeneville, Tennessee

Miller Industries, a towing and recovery equipment manufacturer, announced plans to expand operations in Greeneville, Tennessee. Plans for the project include creating 80 new jobs and investing $15 million to renovate and upgrade operations. Economic development partners include Greeneville Light & Power System, Greene County Partnership and Tennessee Department of Economic and Community Development. This…
03.23.21 | Newsroom

Alphatec Spine announced today the intention to lease a 75,000 square foot facility in Memphis, Tennessee

Alphatec Spine, a provider of innovative solutions dedicated to revolutionizing the approach to spine surgery, announced today the intention to lease a 75,000 square foot facility in Memphis, Tennessee, which will house ATEC’s primary distribution operations. Plans for the project include investing $3.5 million and creating 95 jobs. Economic development partners include EDGE, Greater Memphis…
03.22.21 | Newsroom

Choate Engineering Performance announced plans to establish operations in Hardeman County, Tennessee

Choate Engineering Performance, a manufacturer of engines and components for the automotive industry, announced plans to establish operations in Hardeman County, Tennessee. Plans for the project include investing $8 million and creating 100 jobs at the Bolivar facility. Economic development partners include Bolivar Energy Authority, City of Bolivar, Bolivar Industrial Development Board, Hardeman County and…
03.19.21 | Newsroom

Matalco Inc. announced plans to establish operations in Simpson County, Kentucky

Matalco Inc., a producer of aluminum products for manufacturing industries, announced plans to establish operations in Simpson County, Kentucky. Plans for the newly formed venture, Matalco Kentucky LLC, include creating 60 new jobs and investing $53.3 million to support growth and demand. Economic development partners include Franklin Electric Plant Board, Kentucky Cabinet for Economic Development…
03.18.21 | Newsroom

NTT Data announced plans to establish its digital innovation center in Nashville, Tennessee

NTT Data, a global IT services provider, announced plans to establish its digital innovation center in Nashville, Tennessee. Plans for the project include creating 350 jobs and investing $9.9 million in the digital delivery center, including a focus on healthcare and manufacturing technology. Economic development partners include Nashville Electric Service, Nashville Area Chamber of Commerce,…
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News Index

Eli Lilly Announces Plans to Establish Operations in Huntsville, Alabama

Eli Lilly, a leading pharmaceutical company, announced plans to establish operations in Huntsville, Alabama. Plans for the advanced manufacturing facility include creating 450 new quality jobs and investing $6 billion, which represents the largest initial investment in the state’s history. Economic development partners include Alabama Department of Commerce, Athens Utilities, Huntsville-Madison County Chamber of Commerce,...

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Toyota to Expand its U.S. Manufacturing Presence in Jackson, Tennessee and Blue Springs, Mississippi

Toyota, a global automotive manufacturer, announced plans to expand its U.S. manufacturing presence, including two locations within TVA’s footprint. Toyota announced plans to invest $125 million in the company’s Blue Springs, Mississippi facility and $71.4 million along with 33 new jobs at its casting plant in Jackson, Tennessee. Economic development partners include Mississippi Development Authority,...

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Hyosung HICO Announces Expansion in Memphis, Tennessee

Hyosung HICO, a global power transformer manufacturer, announced plans to expand operations in Memphis, Tennessee. Plans for the project include creating 240 new jobs and investing more than $150 million as the company constructs a new facility at its U.S. headquarters, marking the second expansion project at the facility in six months. Upon completion, the...

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