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.

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.

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…

08.1.16 | Newsroom

TVA Prepares Rural Leaders to Bring Home Jobs

At 3:30 on the Tuesday afternoon the president of a rural chamber of commerce hangs up the phone. She knows the proposal deadline is Friday, and the deal could bring hundreds of jobs and millions in investment to her desperately poor county. With a deep breath, she grins and thinks, “We’ve got this!”Scenes like this…

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News Index

PolyFlex To Expand Operations in Warren County, Tennessee

PolyFlex, a global packaging manufacturer, announced plans to expand operations in Warren County, Tennessee. Plans for the project include creating 60 new jobs and investing $8 million as the company expands its manufacturing presence, adding a new location in McMinnville. Economic development partners include McMinnville Electric System, the Industrial Development Board of McMinnville-Warren County and...

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...