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.

11.2.20 | 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…

10.8.20 | Newsroom

Material Bank plans to locate operations in Olive Branch, Mississippi

Material Bank, the world’s largest material marketplace in the architecture, design and construction industry, announced plans to locate operations in Olive Branch, Mississippi. Plans for the distribution center include creating 300 jobs and investing $14.5 million to support the company’s growth. Economic development partners include Northcentral Electric Cooperative, city of Olive Branch, DeSoto County, DeSoto…

10.8.20 | Newsroom

Teknor Apex plans to expand operations in Brownsville, Tennessee

Teknor Apex, a global custom compound solutions provider, announced plans to expand operations in Brownsville, Tennessee. Plans for the project include creating 20 new jobs and investing $7.4 million to increase the company’s scope of products being produced at the Haywood County facility. Economic development partners include Brownsville Energy Authority, HTL Advantage, Brownsville-Haywood County Industrial…

10.7.20 | Newsroom

GEDIA Automotive Group plans to locate operations in Dalton, Georgia

GEDIA Automotive Group, a global advanced manufacturer for the automotive industry, announced plans to locate operations in Dalton, Georgia. Plans for the advanced manufacturing facility include creating 200 new jobs and $85 million in capital investment to produce components for electric vehicles. Economic development partners include North Georgia Electric Membership Corporation, Dalton-Whitfield County Joint Development…

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News Index

Vibrant Health Products, Inc., To Establish its First U.S. Manufacturing Facility in Fayette County, Tennessee

Vibrant Health Products, Inc., an organic food products producer, announced plans to establish its first U.S. manufacturing facility in Fayette County, Tennessee. Plans for the project include creating 394 new jobs and investing $48.5 million in the company’s operations. Economic development partners include Chickasaw Electric Cooperative, Greater Memphis Chamber, City of Rossville, Fayette County and...

Master Machine, LLC, To Expand Operations in Hamilton County

Master Machine, LLC, a system design and manufacturer of products primarily for nuclear-focused industries, announced plans to expand operations in Hamilton County. Plans for the project include creating 44 new jobs and investing $12 million in the company’s Chattanooga operations. Economic development partners include EPB, Chattanooga Area Chamber of Commerce, Hamilton County, the city of...

Clayton Supply Announces Plan to Expand Operations in Hamblen County

Clayton Supply, a leading homebuilding company, announced plans to expand operations in Hamblen County. Plans for the project include creating 90 new jobs and investing $6.8 million in the Morristown facility. Economic development partners include Morristown Utilities, Morristown Area Chamber of Commerce, City of Morristown, Hamblen County and the Tennessee Department of Economic and Community...