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

Hematite Inc. opens second U.S. production facility in Fayetteville, Tenn.

May 13, 2019 – Hematite Inc., a Canadian automotive supplier, announced plans to establish a production facility in Fayetteville, Tennessee. Plans for the project include $11.5 million in capital investment and the creation of 70 new jobs at the company’s second U.S. facility. Economic development partners include Fayetteville Public Utilities, Fayetteville Lincoln County Industrial Development…

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Homeland Vinyl Products to expand operations in Surgoinsville, Tennessee

Homeland Vinyl Products, a residential and commercial vinyl products manufacturer, announced plans to expand operations in Surgoinsville, Tennessee. Plans for the project include creating 50 new jobs and investing $5.5 million as the company adds additional product lines. Economic development partners include Holston Electric Cooperative, Hawkins County Industrial Development Board, Networks Sullivan Partnership and the Tennessee Department of Economic...

Virginia Transformer announces plans to establish operations in Muscle Shoals, Alabama.

Virginia Transformer, North America’s largest power transformer manufacturer, announced plans to establish operations in Muscle Shoals, Alabama. Plans for the project include creating 1,100 new jobs at the company’s state-of-the-art operations in Colbert County. Economic development partners include Muscle Shoals Electric Board, Shoals EDA, Alabama Department of Commerce, Norfolk Southern, City of Muscle Shoals, Colbert County and...

Underground Solutions, Inc. announces plans to establish operations in Batesville, Mississippi.

Underground Solutions, Inc., an infrastructure technology company, announced plans to establish operations in Batesville, Mississippi. The company plans to invest $80 million in the manufacturing facility and create 50 new jobs. Economic development partners include Tallahatchie Valley Electric Power Association, Panola Partnership, Mississippi Development Authority and TVA. This project furthers TVA’s mission of service to help improve the...