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.

10.28.19 | Newsroom

ATN Hoelzel LP to expand operations, locating its North American headquarters in Hamilton County, TN

ATN Hoelzel LP, a global automotive supplier with a focus on automated and robot guided gluing equipment, announced plans to expand operations, locating its North American headquarters in Hamilton County, TN. Plans for the project include investing $6 million and creating 100 new jobs. Economic development partners include EPB, Tennessee Department of Economic and Community…

10.28.19 | Newsroom

Wikia Inc. to expand facility in Huntsville, Alabama

Wikia Inc., a global software development firm, announced plans to expand its facility in Huntsville, Alabama. Plans for the project include the addition of 92 jobs and $1 million in capital investment. Economic development partners include Huntsville Utilities, Huntsville/Madison County Chamber of Commerce, and the Alabama Department of Commerce.

10.28.19 | Newsroom

Bravo Inc. to locate in Henderson County, Tennessee

Bravo Inc., a leading manufacturer of premier secondary containment systems, announced plans to locate in Henderson County, Tennessee. Plans for the new facility include 83 new jobs and $2.8 million in capital investment. Economic development partners include Lexington Electric System, Lexington-Henderson County IDB, City of Lexington, Henderson County, Tennessee Department of Economic and Community Development.

10.28.19 | Newsroom

Valley Joist to expand, build new facility on TVA InvestPrep site

Valley Joist, a design, engineer and manufacturer of steel joist and deck products, announced plans to expand operations and build a new facility on a TVA InvestPrep site. Plans for the expansion project include adding 50 new jobs to the existing 150 workforce, investing approximately $8 million and adding 1MW of load. Economic development partners…

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.

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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...