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.

03.18.21 | Newsroom

Mullen Technologies announced plans to establish operations in Memphis, Tennessee

Mullen Technologies, an emerging Electric Vehicle manufacturer, announced plans to establish operations in Memphis, Tennessee. Plans for project include creating 434 new jobs and investing $362 million to manufacture the company’s first line of fully electric vehicles. Economic development partners include Memphis Light, Gas and Water, EDGE, City of Memphis, Shelby County and the Memphis…

03.18.21 | Newsroom

NTT Data announced plans to establish its digital innovation center in Nashville, Tennessee

NTT Data, a global IT services provider, announced plans to establish its digital innovation center in Nashville, Tennessee. Plans for the project include creating 350 jobs and investing $9.9 million in the digital delivery center, including a focus on healthcare and manufacturing technology. Economic development partners include Nashville Electric Service, Nashville Area Chamber of Commerce,…

03.17.21 | Newsroom

Royal Canin announced plans to expand operations in Lebanon, Tennessee

Royal Canin, a Mars Petcare brand and global leader in pet health nutrition, announced plans to expand operations in Lebanon, Tennessee. Plans for the project include adding 90 new jobs and investing $200 million to support the company’s future growth. Economic development partners include Middle Tennessee Electric, Joint Economic and Community Development Board of Wilson…

02.3.21 | Newsroom

Electric Vehicle Fast Charging Network Coming to Tennessee

KNOXVILLE, Tenn. ― The Tennessee Valley Authority and the Tennessee Department of Environment and Conservation announced Wednesday they are partnering to develop a statewide electric vehicle fast charging network to power the growth of EVs across Tennessee and reduce barriers to transportation electrification. TDEC and TVA signed an agreement to collaborate and fund a network…

12.9.20 | Newsroom

Confluent Medical plans to locate operations in Chattanooga, Tennessee

Confluent Medical, a manufacturer of high-performance medical tubing, announced plans to locate operations in Chattanooga, Tennessee. The company plans to invest $8.3 million to expand its medical manufacturing capabilities and create 80 new jobs. Economic development partners include EPB, Chattanooga Area Chamber of Commerce, Hamilton County Government, City of Chattanooga and Tennessee Department of Economic…

12.1.20 | Newsroom

Kimberly-Clark plans to expand operations in Corinth, Mississippi

Kimberly-Clark, a leading producer of essential home products, announced plans to expand operations in Corinth, Mississippi. Plans to expand capacity and bring new capabilities to support the company’s growth include adding 33 new jobs and investing $140 million. Economic development partners include Alcorn County Electric Power Association, The Alliance, Alcorn County, City of Corinth, and…

11.30.20 | Newsroom

Gestamp plans to expand its Chattanooga, Tennessee operations.

Gestamp, a leading automotive OEM supplier, announced plans to expand its Chattanooga, Tennessee operations. Plans for the project include creating 260 new jobs and investing nearly $95 million to upgrade facilities for increased capacity due to new electric vehicle production. Economic development partners include EPB, Chattanooga Area Chamber of Commerce, Hamilton County Government, City of…

11.23.20 | Newsroom

Kith Kitchens plans to establish operations in Florence, Alabama

Kith Kitchens, a quality cabinet design and manufacturer, announced plans to establish operations in Florence, Alabama. Plans for the new facility include creating 131 new jobs and investing $11 million. TVA’s InvestPrep program helped to develop the site, allowing Kith Kitchens to become operational and meet the company’s growing business demands. Economic Development partners include…

11.19.20 | Newsroom

August Bioservices, LLC plans to expand operations in Davidson County, Tennessee

August Bioservices, LLC, a contract development and manufacturing organization supporting the pharmaceutical industry, announced plans to expand operations in Davidson County, Tennessee. Plans for the project include creating 180 new jobs and investing $64.7 million in the company’s Nashville headquarters operations. Economic development partners include Nashville Electric Service, Nashville Area Chamber of Commerce and Tennessee…

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…

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News Index

Kyoto Fusioneering announces plans to establish operations in Oak Ridge, Tennessee.

Kyoto Fusioneering, a premier fusion technology and integrated systems developer, announced plans to establish operations in Oak Ridge, Tennessee. Plans for this project include creating 51 new jobs and investing $47 million in the company’s U.S. headquarters operations in Anderson County. Economic development partners include Oak Ridge Electric Department, Oak Ridge National Laboratory, U.S. Department of Energy, City of...

Traxion Materials, a tire recycling company, announces plans to expand operations in Campbell County, Tennessee.

Traxion Materials, a tire recycling company, announced plans to expand operations in Campbell County, Tennessee. The company plans to create 49 new jobs and invest $5 million to expand its Jacksboro recycling and upcycling operations. Economic development partners include LaFollette Utilities Board, the Tennessee Department of Economic and Community Development, East Tennessee Economic Development Agency, Campbell County Industrial Board,...

Energizing Tennessee: Recruiting for the Nuclear Renaissance with Derrick Collins, TVA

Advanced energy 🤝 economic development. Derrick Collins, Regional Economic Development Consultant for the Tennessee Valley Authority joins Energizing Tennessee to discuss: Click here to listen. About Energizing Tennessee: Energizing Tennessee, powered by the Tennessee Advanced Energy Business Council, explores the latest news and insights about the advanced energy sector. Hear from advanced energy leaders and experts...