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.

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…

08.18.20 | Newsroom

CITE Armored plans to expand its presence in Mississippi

CITE Armored, a manufacturer of armored cars, SWAT and supply vehicles for the military and domestic organizations, announced plans to expand its presence in Mississippi, locating new operations in Batesville. Plans for the project include the creation of 30 jobs and $2.3 million in capital investment to accommodate additional production. Economic development partners include Tallahatchie…

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…

08.12.20 | Newsroom

Facebook announced plans to locate operations in Gallatin, Tennessee

Facebook, a global technology company, announced plans to locate operations in Gallatin, Tennessee, creating 100 new jobs and investing $800 million in the company’s new state-of-the-art data center. Economic development partners include Gallatin Department of Electricity, the City of Gallatin, Tennessee Department of Economic and Community Development, and many partners within TVA. Facebook has partnered…

08.11.20 | Newsroom

Samuel Roll Form Group plans to expand operations in Iuka, Mississippi

Samuel Roll Form Group, a steel components manufacturer and supplier, announced plans to expand operations in Iuka, Mississippi. Plans to increase production at the facility include investing $6.9 million and creating 30 new jobs. Economic development partners include Tishomingo EPA, Mississippi Development Authority, Tishomingo officials and Tishomingo County Development Foundation. This project helps further TVA’s…

08.6.20 | Newsroom

Dollar General plans to locate operations in Bowling Green, Kentucky

Dollar General, a major retail company, announced plans to locate operations in Bowling Green, Kentucky. Plans for the company’s new cold storage and distribution center include investing $26 million and creating 65 new jobs at the approximately 160,000 square foot facility. Economic development partners include Warren Rural Electric Cooperative Corporation, Bowling Green Area Chamber of…

08.4.20 | Newsroom

Engineered Medical Systems, LLC expands operations in Bartlett, Tennessee

Engineered Medical Systems, LLC, a medical device manufacturer, announced plans to expand operations in Bartlett, Tennessee. Plans to increase manufacturing capacity at the Shelby County facility include creating 60 new jobs and investing $13.3 million. Economic development partners include Memphis Light Gas and Water, Bartlett Area Chamber of Commerce, City of Bartlett, Shelby County and…

08.3.20 | Newsroom

Ashley Furniture Industries, Inc. expands operations in Lee County, Mississippi

Ashley Furniture Industries, Inc., a leader in furniture manufacturing, announced plans to expand operations in Lee County, Mississippi. Plans to expand operations in North Mississippi include investing $22 million and creating 130 new job opportunities across the company’s Verona and Saltillo facilities. Economic development partners include Tombigbee Electric Power Association, Mississippi Development Authority, Community Development…

07.31.20 | Newsroom

Tyson Foods Inc. expands in Union City, Tennessee

Tyson Foods, Inc., one of the world’s largest food companies, announced plans to expand operations in Union City, Tennessee. The company has invested $87.6 million, adding new production lines and square footage to the facility, and is expected to create 230 new jobs. Economic development partners include Union City Energy Authority, Tennessee Department of Economic…

07.31.20 | Newsroom

PROJECTXYZ, Inc. invests in Muscle Shoals, Alabama

PROJECTXYZ, Inc., a provider of research, design and solutions in manufacturing, engineering and logistics, announced plans to invest in Muscle Shoals, Alabama. Plans for the acquisition of CBC INGS America, LLC, include the retention of more than 100 jobs at the plastic injection molding facility. Economic Development partners include Muscle Shoals Electric Board, Shoals Economic…

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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,...

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,...

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...