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.

12.16.19 | Newsroom

Hyosung Heavy Industries plans to locate its first US production facility in Memphis, Tennessee

Hyosung Heavy Industries (HICO), a Korea-based electrical power equipment manufacturer, announced plans to locate its first US production facility in Memphis, Tennessee. Plans for the project include the creation of 410 new jobs and $86.9 million in capital investment, and expected load growth of 2.1 MW, to increase the company’s global footprint. Economic development partners…

12.11.19 | Newsroom

TPG Plastics LLC plans to locate in Murray, Kentucky

TPG Plastics LLC, designer and manufacturer of engineered plastics and blow-molded products, announced plans to locate in Murray, Kentucky. The company will lease the Murray West Speculative building, creating 75 new jobs and $14 million in capital investment. Economic development partners include West Kentucky Rural Electric Cooperative Corporation, Murray-Calloway County Economic Development Corporation and Kentucky Cabinet for…

11.21.19 | Newsroom

Amazon plans to locate in Olive Branch, Mississippi

Amazon, a leading global web services provider, announced plans to locate in Olive Branch, Mississippi. Plans for the consumer goods fulfillment center include the creation of 500 new jobs at the DeSoto County facility. This announcement represents the company’s second fulfillment center in North Mississippi. Economic development partners include Northcentral Mississippi Electric Power Association, Desoto…

11.18.19 | Newsroom

Kimberly-Clark Corporation plans to expand operations in Corinth, Mississippi

Kimberly-Clark Corporation, a leading producer of personal care products, announced plans to expand operations in Corinth, Mississippi. Plans for the project include the creation of 25 new jobs and investing $20 million to support the growth of its product line. Economic development partners include Alcorn County Electric Power Association, The Alliance, City of Corinth and…

11.15.19 | Newsroom

Mueller Water Products plans to expand operations to Marion County, Tennessee

Mueller Water Products, a leading manufacturer of products used in the transmission, distribution and measurement of water in North America, announced plans to expand operations to Marion County, Tennessee. Plans for the project include creating 325 new jobs at the facility. Economic Development partners include Sequachee Valley Electric Cooperative, City of Kimball, Marion County, and…

11.15.19 | Newsroom

Mersen plans to locate in Columbia, Tennessee

Mersen, a global leader in advance materials, announced plans to locate in Columbia, Tennessee. Plans for the project include creating 100 new jobs and investing $65 million in the company’s operations. The company will be a direct serve customer of TVA, adding approximately 20 MW of new load. Economic development partners include Maury Alliance and…

11.4.19 | Newsroom

New Way Trucks plans to locate in Booneville, Mississippi

New Way Trucks, one of the largest manufacturers of refuse and recycling equipment, announced plans to locate in Booneville, Mississippi. Plans for the project include the creation of 100 new jobs and investment of $2.5 million in the operation. Economic development partners include Prentiss County Electric Power Association, Prentiss County and City of Booneville officials,…

10.28.19 | Newsroom

ERMCO Inc. to expand operations in Dyersburg, Tennessee

ERMCO, Inc., one of the nation’s largest producers of oil-filled distribution transformers, announced plans to expand operations in Dyersburg, Tennessee. Plans for the project include the creation of 150 new jobs and $12 million in investment. Economic development partners include Dyersburg Electric System, Dyersburg/Dyer County Chamber of Commerce, City of Dyersburg, Dyer County and Tennessee…

10.28.19 | Newsroom

Nippon Paint announces new operations in Chattanooga, Tennessee

Nippon Paint USA Inc., a leading global paint and coatings manufacturer for the automotive industry, announced plans to establish operations in Chattanooga, Tennessee. Plans for the new location include creating 150 new jobs and investing $60 million in the facility. Economic development partners include EPB, Chattanooga Area Chamber of Commerce and Tennessee Department of Economic…

10.28.19 | Newsroom

Lightning Source to expand operations in Jackson, Tennessee

Lightning Source LLC, an on-demand print and distribution service provider, announced plans to expand operations in Jackson, Tennessee. Plans for the project include creating nearly 150 new jobs and investing $22 million in its print-manufacturing facility. Economic development partners include Jackson Energy Authority, Tennessee Department of Economic and Community Development, City of Jackson and Madison…

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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...