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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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09.28.20 | Newsroom

Mission Forest Products plans to locate operations in Corinth, Mississippi

Mission Forest Products, a producer of high-quality dimensional lumber products, announced plans to locate operations in Corinth, Mississippi. Plans for the state-of-the-art pine sawmill include $160 million capital investment and 130 new jobs with additional economic and employment opportunities for forest product firms in the region. Economic development partners include Alcorn County Electric Power, The…
09.28.20 | Newsroom

Torch Technologies plans to expand operations in Huntsville, Alabama

Torch Technologies, a technical services and solutions company, announced plans to expand operations in Huntsville, Alabama.  Plans for the project include creating 120 new jobs and investing $32.3 million to construct new lab, office, and manufacturing space.  Economic development partners include Huntsville Utilities, Huntsville-Madison County Chamber of Commerce, and the Alabama Department of Commerce.
09.22.20 | Newsroom

Homeland Vinyl plans to expand operations in Surgoinsville, Tennessee

Homeland Vinyl, a manufacturer of vinyl profiles, including fencing, rail and deck products, announced plans to expand operations in Surgoinsville, Tennessee. Plans for the project include creating 55 new jobs and investing $2.2 million to add multiple new extrusion lines and assembly line capabilities. Economic development partners include Holston Electric Cooperative, Hawkins County Industrial Development…
09.15.20 | Newsroom

Aphena Pharma Solutions, LLC plans to expand operations in Cookeville, Tennessee

Aphena Pharma Solutions, LLC, a leading pharmaceutical service provider specializing in packaging, announced plans to expand operations in Cookeville, Tennessee. Plans for the project include creating 160 new jobs and $21 million in capital investment to accommodate future growth at the Cookeville-based company. Economic development partners include Cookeville Electric Department, Tennessee Department of Economic and…
09.3.20 | Newsroom

General Atomics Electromagnetic Systems plans to expand operations in Lee County, Mississippi

General Atomics Electromagnetic Systems, a manufacturer of advanced technological components for the U.S. Department of Defense, announced plans to expand operations in Lee County, Mississippi. Plans for the project include creating 125 jobs and investing $39.5 million to increase the company’s high-tech manufacturing capabilities. Economic development partners include Tombigbee EPA, Mississippi Development Authority, Community Development…
08.19.20 | Newsroom

Southern Champion Tray plans to expand operations in Chattanooga, Tennessee

Southern Champion Tray, a paperboard packaging manufacturer, announced plans to expand operations in Chattanooga, Tennessee. Plans for the project include creating 120 new jobs and investing $85 million in its new facility to support new product lines, including tamper-evident packaging systems for restaurant and food delivery services. Economic development partners include EPB, Tennessee Department of…
08.17.20 | Newsroom

Mazda Toyota Manufacturing plans to increase investment in its new Huntsville, Alabama

Mazda Toyota Manufacturing, the leading automotive manufacturing joint venture, announced plans to increase investment in its new Huntsville, Alabama facility by $830 million. This additional commitment brings the total investment to the state-of-the-art facility to $2.3 billion, providing for new cutting-edge technologies to its production lines and enhanced training to its workforce of 4,000 employees…
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News Index

PolyFlex To Expand Operations in Warren County, Tennessee

PolyFlex, a global packaging manufacturer, announced plans to expand operations in Warren County, Tennessee. Plans for the project include creating 60 new jobs and investing $8 million as the company expands its manufacturing presence, adding a new location in McMinnville. Economic development partners include McMinnville Electric System, the Industrial Development Board of McMinnville-Warren County and...

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Oklo Inc., to Establish Operations in Oak Ridge, Tennessee

Oklo Inc., an advanced nuclear technology company, announced plans to establish operations in Oak Ridge, Tennessee. Plans for the project include creating more than 800 new jobs and investing $1.7 billion, which includes the development of an advanced nuclear fuel recycling facility. This announcement establishes Oklo as the nation’s first privately funded nuclear recycling facility,...

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MAHLE GmbH Announced Plans to Expand Operations in Hamblen County

MAHLE GmbH, an automotive supplier of electric compressors, announced plans to expand operations in Hamblen County. Plans for the project include investing $10 million and creating 50 new jobs, which will bring the company’s total headcount to nearly 800 people at its Morristown facility. Economic development partners include Morristown Utility System, Morristown Area Chamber of...

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