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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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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…
10.6.20 | Newsroom

Nippon Express, USA plans to locate operations on the campus of Mazda-Toyota Manufacturing in Huntsville, Alabama

Nippon Express, USA, a supply chain services, company announced plans to locate operations on the campus of Mazda-Toyota Manufacturing in Huntsville, Alabama.  Plans for the project include creating 101 new jobs and investing $19 million to construct a new facility.  Economic development partners include City of Athens Electric Department, Huntsville-Madison County Chamber of Commerce, Limestone…
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News Index

Centrus to Expand in Oak Ridge, Tennessee

Centrus, the only uranium enrichment centrifuge manufacturing facility in the U.S., announced plans to expand operations in Oak Ridge, Tennessee. Plans for the project include creating 430 new jobs and investing more than $560 million to support large-scale restoration of uranium enrichment capability. Economic development partners include Oak Ridge Electric Department, the Tennessee Department of...

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Heil Trailer International Plans to Expand Operations in Athens, Tennessee

Heil Trailer International, a global manufacturer of specialty transport trailers, announced plans to expand operations in Athens, Tennessee. Plans for the project include creating 18 new jobs and investing $9.8 million following the securement of a U.S. Department of the Army contract for the company’s Tactical Fuel Distribution System. Economic development partners include the Athens...

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ALUKO Group Announces New Operations in Halls, Tennessee

ALUKO Group, a South Korean aluminum manufacturer, announced plans to establish operations in Halls, Tennessee. Plans for the project include creating 285 new jobs and investing $108 million in the Lauderdale County manufacturing facility. Economic development partners include Ripley Power & Light, Lauderdale County Economic and Community Development, Lauderdale County, and the Tennessee Department of...

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