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.

02.12.18 | Newsroom

Cooper Tire & Rubber plans to locate its largest distribution center in the U.S. to Marshall County, MS

Cooper Tire & Rubber Company, a global company specializing in design, manufacturing and marketing of tires, announced plans to locate its largest distribution center in the U.S. to Marshall County, Mississippi. Plans for the project represent $50.5 million investment, creating 100 new jobs.

02.12.18 | Newsroom

Asurion to open new HQ in Nashville

Asurion, LLC, a global technology company and one of Nashville’s largest employers, announced plans to consolidate operations into a new corporate headquarters in Nashville. Plans for the project including retaining over 2,000 employees, creating 400 new jobs and investing $200 million.

01.26.18 | Newsroom

Delek US Holdings Inc. announced plans to expand its HQ in Brentwood, TN

Delek US Holdings Inc., announced plans to expand its headquarters in Brentwood, Tennessee. Plans for the expansion project include $4 million in capital investment and the creation of 175 new jobs.

01.26.18 | Newsroom

Novelis plans new location in Todd County, KY

Novelis, a global aluminum manufacturer, announced plans for a new location in Todd County, Kentucky. Plans for the new plant include 125 advanced manufacturing jobs and $305 million investment.

11.16.17 | Newsroom

TVA Economic Development Efforts Drive Strong Results in FY 2017

The Tennessee Valley Authority announced another successful year in economic development activity by stimulating $8.3 billion in capital investment and growing or retaining 70,000 jobs in the TVA service territory in fiscal year 2017. More than 220 companies announced plans to locate to the Valley or expand existing operations in FY17, while boosting economic growth…

05.3.17 | Newsroom

How Green Is Our Valley?

There’s no doubt about it: Sustainability is hot. In a recent survey on the subject, a full 90 percent of corporate real estate executives indicated that sustainability is an important consideration in their clients’ location decisions. Communities that actively embrace sustainability are viewed as more progressive and competitive than those that don’t. That’s why all…

03.2.17 | Newsroom

LG Electronics to locate its new U.S. manufacturing operation in Montgomery County, TN

LG Electronics a global electronics and appliance company, announced plans to locate its new U.S. manufacturing operation in Montgomery County, Tennessee. The facility will be LG’s first washing machine manufacturing facility in the United States. The project plans to create 600 new jobs and $250 million in capital investment.

11.21.16 | Newsroom

TVA Keeps Valley Commerce on the Grow

Fiscal year 2016 has been a good year for TVA and the Valley in the area of economic development. As it has since TVA was founded over 80 years ago, TVA’s Economic Development organization has partnered with state, regional and local partners to drive investment in the Valley by recruiting companies from around the world…

10.31.16 | Newsroom

Tennessee Valley’s Automotive Fast Lane

“Today, the world knows Detroit, Michigan, as the center of the automotive universe, but if Henry Ford had had his way, the nation’s auto hub would have been the Tennessee Valley,” says Chris Berryman, target market specialist for TVA Economic Development. It was 1921, and Ford saw in Muscle Shoals, Ala., the opportunity to snap…

09.15.16 | Newsroom

11 Years of Success with Site Selection

When TVA was created back in 1933, it was—as much as anything—an economic development agency, meant to lift the hurting Tennessee Valley out of poverty and usher in an era of modernity, electricity and abundance. TVA went to work immediately, building dams to prevent flooding, create a navigable waterway and produce electricity; replacing topsoil to…

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News Index

BWXT Enrichment Operations, LLC To Establish Operations in Oak Ridge, Tennessee

BWXT Enrichment Operations, LLC, a manufacturer of centrifuge assemblies, announced plans to establish operations in Oak Ridge, Tennessee. Plans for the project include creating 60 new jobs and investing $45 million to support the company’s long-term plan to support fuel production for the National Nuclear Security Administration’s defense program. Economic development partners include City of...

Shinsung ST USA To Establish Operations in Simpson County, Kentucky

Shinsung ST USA, a leading innovator in energy storage solutions, announced plans to establish operations in Simpson County. Plans for the project include creating 100 new jobs and investing $53 million in the Franklin manufacturing operations. Economic development partners include Warren RECC, Franklin-Simpson County Industrial Development Authority and the Kentucky Cabinet for Economic Development. This...

Barrett Firearms Manufacturing, Inc., To Expand Operations in Rutherford County

Barrett Firearms Manufacturing, Inc., a firearm and ammunition manufacturer, announced plans to expand operations in Rutherford County. Plans for the project include creating 183 new jobs and investing more than $76 million in the company’s new headquarters and state-of-the-art manufacturing facility. Economic development partners include Middle Tennessee Electric, Rutherford County Chamber of Commerce, and the...