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.

08.26.25 | Newsroom

Parsons Corporation to Expand in Huntsville, Alabama

Parsons Corporation, a defense and intelligence contractor, announced plans to expand their presence in Huntsville, AL. Plans for the project include creating 198 new jobs and investing more than $5 million. Economic development partners include Huntsville Utilities, City of Huntsville, Alabama Department of Commerce, and the Huntsville-Madison County Chamber of Commerce. This project furthers TVA’s…

08.25.25 | Newsroom

Performance Drones Works, PDW Announces Expansion in Huntsville, Alabama

Performance Drones Works, PDW, a robotics manufacturer for military and government operations, announced plans to expand its manufacturing operation in Huntsville, AL. Plans for the project include creating 525 new jobs and investing more than $9 million. Economic development partners include Huntsville Utilities, City of Huntsville, Alabama Department of Commerce, and the Huntsville-Madison County Chamber of…

08.22.25 | Newsroom

Hitachi Energy to Expand Operations in Crockett County, Tennessee

Hitachi Energy, a global producer of transformer components and power grid products, announced plans to expand operations in Crockett County, Tennessee. Plans for the project include creating 100 new jobs and investing $97 million in the company’s Alamo facility. Economic development partners include Gibson Electric Membership Corporation, Crockett County Chamber of Commerce, and the Tennessee…

08.7.25 | Newsroom

ValorFlex Holdings to Establish Headquarters in Bowling Green, Kentucky

ValorFlex Holdings, a leader in manufacturing, real estate and energy resource innovation, announced plans to establish headquarter operations in Bowling Green, Kentucky. Plans for the project include creating 25 new jobs and investing more than $6 million in the company’s new corporate headquarters. Economic development partners include Warren RECC, Bowling Green Area Chamber of Commerce,…

07.29.25 | Newsroom

Vibrant Health Products, Inc., To Establish its First U.S. Manufacturing Facility in Fayette County, Tennessee

Vibrant Health Products, Inc., an organic food products producer, announced plans to establish its first U.S. manufacturing facility in Fayette County, Tennessee. Plans for the project include creating 394 new jobs and investing $48.5 million in the company’s operations. Economic development partners include Chickasaw Electric Cooperative, Greater Memphis Chamber, City of Rossville, Fayette County and…

07.28.25 | Newsroom

Master Machine, LLC, To Expand Operations in Hamilton County

Master Machine, LLC, a system design and manufacturer of products primarily for nuclear-focused industries, announced plans to expand operations in Hamilton County. Plans for the project include creating 44 new jobs and investing $12 million in the company’s Chattanooga operations. Economic development partners include EPB, Chattanooga Area Chamber of Commerce, Hamilton County, the city of…

07.14.25 | Newsroom

Clayton Supply Announces Plan to Expand Operations in Hamblen County

Clayton Supply, a leading homebuilding company, announced plans to expand operations in Hamblen County. Plans for the project include creating 90 new jobs and investing $6.8 million in the Morristown facility. Economic development partners include Morristown Utilities, Morristown Area Chamber of Commerce, City of Morristown, Hamblen County and the Tennessee Department of Economic and Community…

07.14.25 | Newsroom

ValorFlex Packaging to Establish Operations in Bowling Green, Kentucky

ValorFlex Packaging, a packaging services company, announced plans to establish operations in Bowling Green. Plans for the project include creating 82 new jobs and investing $23.4 million in the company’s manufacturing facility. Economic development partners include Warren RECC, Bowling Green Area Chamber of Commerce, and the Kentucky Cabinet for Economic Development. This project furthers TVA’s…

07.3.25 | Newsroom

Tate Ornamental Inc., Announces Expansion in Robertson County, Tennessee

Tate Ornamental, Inc., a metal, architectural woodworking and stone company, announced plans to expand operations at its Robertson County, Tennessee headquarters. Plans for the project include creating 50 new jobs and investing $12 million in the company’s White House facility. Economic development partners include Cumberland Electric Membership Corporation, the Tennessee Department of Economic and Community…

07.1.25 | Newsroom

Advanex Americas, Inc., Announces Expansion in Robertson County

Advanex Americas, Inc., an international spring manufacturer, announced plans to expand operations in Robertson County. Plans for the project include creating 56 new jobs and investing $11.4 million in the company’s U.S. headquarters in White House, Tennessee. Economic development partners include Cumberland Electric Membership Corporation, the Tennessee Department of Economic and Community Development, Robertson County…

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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...