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

Togo North America, Inc. announces Portland, Tennessee location

February 21, 2019 – Togo North America Inc., an international producer of automotive parts, announced plans to establish a new facility in Portland, Tennessee. Plans for the new location include creating 58 new jobs and investing $11.4 million. Economic development partners include Cumberland Electric Membership Corporation, Tennessee Department of Economic and Community Development, City of…

06.26.19 | Newsroom

Arconic to expand Alcoa, Tennessee operations

February 14, 2019 – Arconic, a manufacturer of industrial and automotive product, and a direct serve customer of TVA, announced plans to expand its Alcoa, Tennessee operations. Plans for the project include adding 133 new jobs to the company’s 928 current employment, $100 million in investment and adding 10 MW of new load bringing the…

06.26.19 | Newsroom

FedEx Logistics to move headquarters to downtown Memphis

February 13, 2019 – FedEx Logistics announced plans to move its headquarters to downtown Memphis. The FedEx hub in Memphis is the largest sorting facility in the FedEx Express global network. Plans for the new location include the creation of 689 jobs, in addition to the 30,000 currently employed and investing $44 million. Economic development…

06.26.19 | Newsroom

OFS Brands Holdings to expand operations in Grayson, Kentucky

OFS Brands Holdings, Inc., a furniture manufacturer for office healthcare, education and hospitality sectors, announced plans to expand operations in Grayson, Kentucky. Plans for the project include investing $1 million, and adding 105 new jobs. Economic development partners include Warren Rural Electric Cooperative Corporation, Kentucky Cabinet for Economic Development, and Leitchfield-Grayson County Industrial Development Corporation.

06.26.19 | Newsroom

Corelle Brands to open facility in Marshall County, Mississippi

January 25, 2019 – Corelle Brands LLC, a leading manufacturer and marketer of houseware brands, announced plans to open a facility in Marshall County, Mississippi. Plans for the manufacturing and distribution operation include creating 400 new jobs and investing $27.7 million. Economic development partners include Chickasaw Electric, Mississippi Development Authority, Marshall County Industrial Development Authority,…

06.26.19 | Newsroom

Volkswagen to expand operations in Chattanooga, Tennessee

January 14, 2019 – Volkswagen, a leading global automotive manufacturer, announced plans to expand operations at its Chattanooga, Tennessee facility. Plans for the project include 1,000 new jobs, $800 million investment, with the potential to add approximately 20 MW of new load, to produce the company’s first electric vehicle in North America. Economic development partners…

06.15.18 | Newsroom

Facebook to locate its newest data center in Huntsville

Facebook, a global technology and social networking company, announced plans to locate its newest data center in Huntsville, Alabama. The company announced plans to locate on 340 acres in north Alabama, investing $750 million and creating 100 new jobs.

06.12.18 | Newsroom

Crown Verity USA Inc. to locate in Bowling Green, KY

Crown Verity USA Inc., a manufacturer of outdoor commercial and residential cooking equipment, announced plans to locate in Bowling Green, Kentucky. The project is expected to create 25 new jobs and $3.6 million in investment.

06.11.18 | Newsroom

Berry Global, Inc. to expand in Bowling Green

Berry Global, Inc., a plastics provider for various industries, announced plans to expand in Bowling Green, Kentucky. The project is expected to create 20 new jobs and invest $16.5 million.

06.11.18 | Newsroom

Corvac Composites LLC to expand in Morgantown, KY

Corvac Composites LLC, an automotive supplier, announced plans to expand operations in Morgantown, Kentucky. Plans for the project include the creation of 30 new jobs and $6.1 million investment.

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News Index

Kyoto Fusioneering announces plans to establish operations in Oak Ridge, Tennessee.

Kyoto Fusioneering, a premier fusion technology and integrated systems developer, announced plans to establish operations in Oak Ridge, Tennessee. Plans for this project include creating 51 new jobs and investing $47 million in the company’s U.S. headquarters operations in Anderson County. Economic development partners include Oak Ridge Electric Department, Oak Ridge National Laboratory, U.S. Department of Energy, City of...

Traxion Materials, a tire recycling company, announces plans to expand operations in Campbell County, Tennessee.

Traxion Materials, a tire recycling company, announced plans to expand operations in Campbell County, Tennessee. The company plans to create 49 new jobs and invest $5 million to expand its Jacksboro recycling and upcycling operations. Economic development partners include LaFollette Utilities Board, the Tennessee Department of Economic and Community Development, East Tennessee Economic Development Agency, Campbell County Industrial Board,...

Energizing Tennessee: Recruiting for the Nuclear Renaissance with Derrick Collins, TVA

Advanced energy 🤝 economic development. Derrick Collins, Regional Economic Development Consultant for the Tennessee Valley Authority joins Energizing Tennessee to discuss: Click here to listen. About Energizing Tennessee: Energizing Tennessee, powered by the Tennessee Advanced Energy Business Council, explores the latest news and insights about the advanced energy sector. Hear from advanced energy leaders and experts...