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.

10.3.19 | Newsroom

The Wacker Group to expand its Charleston, Tennessee operations

The Wacker Group, a global polysilicon producer, announced plans to expand its Charleston, Tennessee operations. The company represents Tennessee’s largest plant investment, with plans for the latest addition to create 50 new jobs and $150 million investment in a new facility producing pyrogenic silica. Economic development partners include Cleveland-Bradley Chamber of Commerce, Tennessee Department of…

10.1.19 | Newsroom

Airtech Advanced Materials Group to expand operations in Robertson County, Tennessee

Airtech Advanced Materials Group, a vacuum bagging and composite tooling manufacturer, announced plans to expand operations in Robertson County, Tennessee. Plans for the project include creating 30 new jobs and investing $13 million in the company’s facility to meet continued growth. Economic development partners include Springfield Electric Department, Robertson County Industrial Development Board and Tennessee…

10.1.19 | Newsroom

Booz Allen Hamilton to locate operations in Knoxville, Tennessee

Booz Allen Hamilton, a technology consulting firm, announced plans to locate operations in Knoxville, Tennessee. Plans for the project include adding 52 new jobs and investing more than $3.6 million to the new research and development facility. Economic development partners include Lenoir City Utilities Board, Knoxville Chamber of Commerce and Tennessee Department of Economic and…

06.26.19 | Newsroom

Mitsubishi Motors North America to relocate headquarters from Cypress, Calif. to Franklin, Tenn.

June 25, 2019 – Mitsubishi Motors North America announced that the automaker will relocate its headquarters to Franklin, Tennessee from Cypress, California. Mitsubishi Motors’ move represents an investment in the county of $18.25 million and brings approximately 200 new jobs to Williamson County. Economic Development Partners include Middle Tennessee Electric Membership Corporation, Williamson, Inc., Nashville…

06.26.19 | Newsroom

Navistar expands Huntsville, Ala. facility

June 25, 2019 – Navistar, a global commercial truck and bus manufacturer, announced plans to expand its manufacturing facility in Huntsville, Alabama. Plans for the project include the creation of 145 new jobs and $125 million in capital investment. Economic development partners include Huntsville Utilities, Huntsville/Madison County Chamber of Commerce, the Port of Huntsville and…

06.26.19 | Newsroom

Sitel expands financial customer service center in Knoxville, Tenn.

June 20, 2019 – Sitel announced plans to expand its financial customer service support center in Knoxville, Tennessee. Plans for the project include 804 jobs and $7.6 million in capital investment. Economic development partners include Lenoir City Utility Board, Development Corporation of Knox County and the Knoxville Chamber of Commerce.

06.26.19 | Newsroom

Scapa North America breaks ground in Knox County, Tenn.

June 20, 2019 – Scapa North America, a global supplier of bonding solutions, announced plans to establish its operations in Knox County, Tennessee. Plans for the headquarters and manufacturing facility include the creation of 305 new jobs, and $24.9 million in capital investment. Economic development partners include Lenoir City Utility Board, Development Corporation of Knox…

06.26.19 | Newsroom

Rooms To Go announces new Wilson County, Tenn. warehouse and retail outlet

June 17, 2019 – Rooms To Go, one of the nation’s top selling furniture retailers, announced plans to locate a warehouse and retail outlet in Wilson County, Tennessee. Plans for the new distribution center include the creation of 200 new jobs and $64 million in capital investment. Economic development partners include Middle Tennessee Electric Membership…

06.26.19 | Newsroom

Pennington Stave and Cooperage Corp. announces plans to locate in Metcalfe County, Kentucky

June 5, 2019 – Pennington Stave and Cooperage Corp., a startup manufacturer of staves and barrels for the spirits and wine industries, announced plans to locate in Metcalfe County, Kentucky. Plans for the new production facility include the creation of 126 new jobs and $34.4 million in investment. Economic development partners include Tri-County Electric Membership…

06.26.19 | Newsroom

Y-Tec, Keylex, and Toyotetsu – YKTA to locate new supplier facility in Huntsville, Ala.

May 22, 2019 – Y-Tec, Keylex, and Toyotetsu – YKTA, a collaboration of global automotive suppliers, announced plans to locate a new facility in Huntsville, Alabama. The automotive parts manufacturer will be located on-site and serve the Mazda Toyota Manufacturing USA plant. Plans for the project include investing $220 million and the creation of 650…

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News Index

Oklo Inc., to Establish Operations in Oak Ridge, Tennessee

Oklo Inc., an advanced nuclear technology company, announced plans to establish operations in Oak Ridge, Tennessee. Plans for the project include creating more than 800 new jobs and investing $1.7 billion, which includes the development of an advanced nuclear fuel recycling facility. This announcement establishes Oklo as the nation’s first privately funded nuclear recycling facility,...

MAHLE GmbH Announced Plans to Expand Operations in Hamblen County

MAHLE GmbH, an automotive supplier of electric compressors, announced plans to expand operations in Hamblen County. Plans for the project include investing $10 million and creating 50 new jobs, which will bring the company’s total headcount to nearly 800 people at its Morristown facility. Economic development partners include Morristown Utility System, Morristown Area Chamber of...

Parsons Corporation to Expand in Huntsville, Alabama

Parsons Corporation, a defense and intelligence contractor, announced plans to expand their presence in Huntsville, AL. Plans for the project include creating 198 new jobs and investing more than $5 million. Economic development partners include Huntsville Utilities, City of Huntsville, Alabama Department of Commerce, and the Huntsville-Madison County Chamber of Commerce. This project furthers TVA’s...