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.

11.18.20 | Newsroom

Stanley Engineered Fastening plans to expand operations in Hopkinsville, Kentucky

Stanley Engineered Fastening, a division of Stanley Black & Decker and producer of precision fasteners and other products, announced plans to expand operations in Hopkinsville, Kentucky. Plans for the project include adding 49 new jobs and investing $6 million at the Christian County facility. Economic development partners include Pennyrile Rural Electric Cooperative Corporation, Southwestern Kentucky…

11.18.20 | Newsroom

Genuine Parts Company plans to establish operations in Lebanon, Tennessee

Genuine Parts Company, a leading automotive and industrial parts distributor, announced plans to establish operations in Lebanon, Tennessee. Plans for the new distribution facility, which will supply auto parts to nearly 300 NAPA Auto Parts stores, include creating 250 jobs and investing $50 million. Economic development partners include Middle Tennessee Electric, Joint Community Development Board…

11.17.20 | Newsroom

Fraley and Schilling, Inc. plans to expand operations in Knoxville, Tennessee

Fraley and Schilling, Inc., a trucking and logistics provider, announced plans to expand operations in Knoxville, Tennessee. Plans for the project include adding 50 new jobs and investing $2.4 million to support growing demand in transportation and logistics. Economic development partners include Knoxville Utilities Board, the Knoxville Chamber, and Tennessee Department of Economic and Community…

11.13.20 | Newsroom

Ardagh Group plans to expand operations in Olive Branch, Mississippi

Ardagh Group, a global supplier of metal and glass packaging, announced plans to expand operations in Olive Branch, Mississippi. Plans for the project include expanding production lines to accommodate growth and adding 80 new jobs. Economic development partners include Northcentral Electric Cooperative, DeSoto County Economic Development Council, DeSoto County and Olive Branch officials, and Mississippi…

11.9.20 | Newsroom

Frito-Lay Inc. plans to expand operations in Pulaski, Tennessee

Frito-Lay Inc., a division of PepsiCo and a leading snack manufacturer, announced plans to expand operations in Pulaski, Tennessee. Plans for the project include creating 100 new jobs and investing $100 million to support future growth, adding four new manufacturing lines. Economic development partners include Pulaski Electric System, Giles County Economic Development Commission, Middle Tennessee…

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…

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News Index

Homeland Vinyl Products to expand operations in Surgoinsville, Tennessee

Homeland Vinyl Products, a residential and commercial vinyl products manufacturer, announced plans to expand operations in Surgoinsville, Tennessee. Plans for the project include creating 50 new jobs and investing $5.5 million as the company adds additional product lines. Economic development partners include Holston Electric Cooperative, Hawkins County Industrial Development Board, Networks Sullivan Partnership and the Tennessee Department of Economic...

Virginia Transformer announces plans to establish operations in Muscle Shoals, Alabama.

Virginia Transformer, North America’s largest power transformer manufacturer, announced plans to establish operations in Muscle Shoals, Alabama. Plans for the project include creating 1,100 new jobs at the company’s state-of-the-art operations in Colbert County. Economic development partners include Muscle Shoals Electric Board, Shoals EDA, Alabama Department of Commerce, Norfolk Southern, City of Muscle Shoals, Colbert County and...

Underground Solutions, Inc. announces plans to establish operations in Batesville, Mississippi.

Underground Solutions, Inc., an infrastructure technology company, announced plans to establish operations in Batesville, Mississippi. The company plans to invest $80 million in the manufacturing facility and create 50 new jobs. Economic development partners include Tallahatchie Valley Electric Power Association, Panola Partnership, Mississippi Development Authority and TVA. This project furthers TVA’s mission of service to help improve the...