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.

06.26.19 | Newsroom

Arconic to expand Alcoa, Tennessee operations

February 14, 2019 – Arconic, a manufacturer of industrial and automotive product, and a direct serve customer of TVA, announced plans to expand its Alcoa, Tennessee operations. Plans for the project include adding 133 new jobs to the company’s 928 current employment, $100 million in investment and adding 10 MW of new load bringing the…

06.26.19 | Newsroom

FedEx Logistics to move headquarters to downtown Memphis

February 13, 2019 – FedEx Logistics announced plans to move its headquarters to downtown Memphis. The FedEx hub in Memphis is the largest sorting facility in the FedEx Express global network. Plans for the new location include the creation of 689 jobs, in addition to the 30,000 currently employed and investing $44 million. Economic development…

06.26.19 | Newsroom

OFS Brands Holdings to expand operations in Grayson, Kentucky

OFS Brands Holdings, Inc., a furniture manufacturer for office healthcare, education and hospitality sectors, announced plans to expand operations in Grayson, Kentucky. Plans for the project include investing $1 million, and adding 105 new jobs. Economic development partners include Warren Rural Electric Cooperative Corporation, Kentucky Cabinet for Economic Development, and Leitchfield-Grayson County Industrial Development Corporation.

06.26.19 | Newsroom

Corelle Brands to open facility in Marshall County, Mississippi

January 25, 2019 – Corelle Brands LLC, a leading manufacturer and marketer of houseware brands, announced plans to open a facility in Marshall County, Mississippi. Plans for the manufacturing and distribution operation include creating 400 new jobs and investing $27.7 million. Economic development partners include Chickasaw Electric, Mississippi Development Authority, Marshall County Industrial Development Authority,…

06.26.19 | Newsroom

Volkswagen to expand operations in Chattanooga, Tennessee

January 14, 2019 – Volkswagen, a leading global automotive manufacturer, announced plans to expand operations at its Chattanooga, Tennessee facility. Plans for the project include 1,000 new jobs, $800 million investment, with the potential to add approximately 20 MW of new load, to produce the company’s first electric vehicle in North America. Economic development partners…

06.15.18 | Newsroom

Facebook to locate its newest data center in Huntsville

Facebook, a global technology and social networking company, announced plans to locate its newest data center in Huntsville, Alabama. The company announced plans to locate on 340 acres in north Alabama, investing $750 million and creating 100 new jobs.

06.12.18 | Newsroom

Crown Verity USA Inc. to locate in Bowling Green, KY

Crown Verity USA Inc., a manufacturer of outdoor commercial and residential cooking equipment, announced plans to locate in Bowling Green, Kentucky. The project is expected to create 25 new jobs and $3.6 million in investment.

06.11.18 | Newsroom

Berry Global, Inc. to expand in Bowling Green

Berry Global, Inc., a plastics provider for various industries, announced plans to expand in Bowling Green, Kentucky. The project is expected to create 20 new jobs and invest $16.5 million.

06.11.18 | Newsroom

Corvac Composites LLC to expand in Morgantown, KY

Corvac Composites LLC, an automotive supplier, announced plans to expand operations in Morgantown, Kentucky. Plans for the project include the creation of 30 new jobs and $6.1 million investment.

05.22.18 | Newsroom

The Global Valley

Talk about a dream headline. TVA Economic Development experienced it in waking reality with this one, published from the Wall Street Journal to the Los Angeles Times and everywhere in between: “Toyota and Mazda Announce $1.6 Billion Plant in Huntsville, Alabama”. When the two OEM car manufacturers announced their joint venture on a TVA-Certified Megasite…

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News Index

ROCKWOOL to Expand Operations in Marshall County, Mississippi

ROCKWOOL, an industrial insulation manufacturer, announced plans to expand operations in Marshall County, Mississippi. Plans for the project include creating 30 new jobs and investing more than $100 million in the company’s facility. Economic development partners include Northcentral Electric Cooperative, Mashall County Industrial Development Authority and Mississippi Development Authority. This project furthers TVA’s mission of...

Charms LLC Announces Plans to Expand Operations in Tipton County, Tennessee

Charms LLC, a candy manufacturer, announced plans to expand operations in Tipton County, Tennessee. Plans for the project include creating 62 new jobs and investing $97.7 million in the company’s Covington location. Economic development partners include Covington Electric System, Tipton Count Community Development and the Tennessee Department of Economic and Community Development. This project furthers...

West Star Aviation to Expand in Hamilton County, Tennessee

West Star Aviation, an aircraft maintenance company, announced plans to expand operations in Hamilton County, Tennessee. Plans for the project include adding 200 new jobs and investing $32 million in the company’s Chattanooga manufacturing facility. Economic development partners include EPB, the City of Chattanooga, Hamilton County, Chattanooga Metropolitan Airport Authority and the Tennessee Department of...