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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.

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03.31.25 | Newsroom

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…
03.20.25 | Newsroom

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…
03.3.25 | Newsroom

ABB Electrification to Expand Operations in McNairy County, Tennessee

ABB Electrification, an electrical distribution equipment manufacturer, announced plans to expand operations in McNairy County, Tennessee. Plans for the project include creating 50 new jobs and investing $76 million in the company’s Selmer facility. Economic development partners include Pickwick Electric, McNairy County Industrial Development Board and the Tennessee Department of Economic and Community Development. This…
02.19.25 | Newsroom

ROCKWOOL to Expand Operations in Marshall County, Mississippi

ROCKWOOL, an industrial insulation manufacturer, announced plans to expand operations in Marshall County, Mississippi. Plans for the project include creating 30 new jobs and investing more than $100 million in the company’s facility. Economic development partners include Northcentral Electric Cooperative, Mashall County Industrial Development Authority and Mississippi Development Authority. This project furthers TVA’s mission of…
02.19.25 | Newsroom

Charms LLC Announces Plans to Expand Operations in Tipton County, Tennessee

Charms LLC, a candy manufacturer, announced plans to expand operations in Tipton County, Tennessee. Plans for the project include creating 62 new jobs and investing $97.7 million in the company’s Covington location. Economic development partners include Covington Electric System, Tipton Count Community Development and the Tennessee Department of Economic and Community Development.  This project furthers…
02.6.25 | Newsroom

Southeastern Timber Products to Expand Operations in Choctaw County, Mississippi

Southeastern Timber Products, a manufacturer of lumber, timber, and decking products, announced plans to expand operations in Choctaw County. Plans for the project include creating 40 new jobs and investing $123 million in its Ackerman facility. Economic development partners include The Enterprise, 4-County Electric Power, and Mississippi Development Authority. This project furthers TVA’s mission of…
01.29.25 | Newsroom

Yancey Engineered Solutions Announces Plans to Establish Operations in Batesville, Mississippi

Yancey Engineered Solutions, a generator enclosure and fuel tank manufacturer, announced plans to establish operations in Batesville, Mississippi. Plans for the project include creating 250 jobs and investing $20.8 million in the company’s Panola County facility. Economic development partners include Tallahatchie Valley Electric Power Association, Mississippi Development Authority, and Panola Partnership. This project furthers TVA’s…
01.3.25 | Newsroom

Glaukos Corporation to Establish Operations in Huntsville, Alabama

Glaukos Corporation, a global ophthalmic pharmaceutical and medical technology company, announced plans to establish operations in Huntsville, Madison County, Alabama. Plans for the project include creating 154 new jobs and investing more than $82 million in the company’s research, development, and manufacturing facility. Economic development partners include Huntsville Utilities, Huntsville-Madison County Chamber of Commerce, City of Huntsville, Alabama Department of Commerce,…
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News Index

Centrus to Expand in Oak Ridge, Tennessee

Centrus, the only uranium enrichment centrifuge manufacturing facility in the U.S., announced plans to expand operations in Oak Ridge, Tennessee. Plans for the project include creating 430 new jobs and investing more than $560 million to support large-scale restoration of uranium enrichment capability. Economic development partners include Oak Ridge Electric Department, the Tennessee Department of...

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Heil Trailer International Plans to Expand Operations in Athens, Tennessee

Heil Trailer International, a global manufacturer of specialty transport trailers, announced plans to expand operations in Athens, Tennessee. Plans for the project include creating 18 new jobs and investing $9.8 million following the securement of a U.S. Department of the Army contract for the company’s Tactical Fuel Distribution System. Economic development partners include the Athens...

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ALUKO Group Announces New Operations in Halls, Tennessee

ALUKO Group, a South Korean aluminum manufacturer, announced plans to establish operations in Halls, Tennessee. Plans for the project include creating 285 new jobs and investing $108 million in the Lauderdale County manufacturing facility. Economic development partners include Ripley Power & Light, Lauderdale County Economic and Community Development, Lauderdale County, and the Tennessee Department of...

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