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.

10.16.25 | Newsroom

Radiant Announces Plans to Establish Operations in Oak Ridge, Tennessee

Radiant, a nuclear generator company, announced plans to establish the company’s nuclear manufacturing and research and development operations in Oak Ridge, Tennessee. Plans for the project include creating 175 new jobs and investing $280 million that will support the development and mass production of the world’s first one-megawatt portable nuclear generator. Economic development partners include…

10.1.25 | Newsroom

Nissha Medical Technologies to Establish Operations in Nashville, Tennessee

Nissha Medical Technologies, a global medical device company, announced plans to establish operations in Nashville, Tennessee. Plans for the project include creating 38 new jobs and investing $4.5 million in the company’s engineering operations for research and development at Vanderbilt University. Economic development partners include Nashville Electric Service, the Tennessee Department of Economic and Community…

09.29.25 | Newsroom

Jabil Announced Plans to Establish Operations in Marshall County, Mississippi

Jabil, a global manufacturing healthcare solutions provider, announced plans to establish operations in Marshall County, Mississippi. Plans for the project include creating 24 new jobs and investing $70 million in the company’s new facility. Economic development partners include Northcentral Electric Cooperative, Mississippi Development Authority, and Marshall County Board of Supervisors. This project furthers TVA’s mission…

09.5.25 | Newsroom

BuildEx Modular-Tennessee To Establish Operations in Lincoln County, Tennessee

BuildEx Modular-Tennessee, a manufacturer and distributor or high-quality modular housing, announced plans to establish operations in Lincoln County, Tennessee. Plans for the project include 110 new jobs and invest $23 million in the company’s Fayetteville operations. Economic development partners include Fayetteville Public Utilities, Fayetteville Lincoln County Industrial Development Board, Middle Tennessee Industrial Development Association, and…

News Index

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...

Light Electric Vehicles announces plans to establish operations in Algood, Tennessee.

Light Electric Vehicles (LEV), an electric bicycle manufacturer, announced plans to establish operations in Algood, Tennessee. Plans for the project include creating 288 new jobs and investing $7 million in the company’s Putnam County production and distribution facility. Economic development partners include Upper Cumberland Electric Membership Corporation, the Tennessee Department of Economic and Community Development, Highlands Economic Partnership, Putnam County...