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.

10.24.24 | Newsroom

DENSO Announces Plans to Expand Operations in Athens, Tennessee

DENSO, a global automotive supplier, announced plans to expand operations in Athens, Tennessee. Plans for the project include creating 200 new jobs and investing $100 million to increase the production of products that support cleaner mobility. Economic development partners include Athens Utilities Board, Tennessee Department of Economic and Community Development and the McMinn County Economic…

10.16.24 | Newsroom

Reconext to Establish Presence in Memphis

Reconext, a global aftermarket electronics company, announced plans to establish operations in Shelby County, Tennessee. Plans for the project include creating 200 new jobs and investing $9 million to support the company’s client base across the Southeast. Economic development partners include Memphis Light, Gas and Water, the Greater Memphis Chamber, Memphis Shelby County EDGE, and…

10.11.24 | Newsroom

The Anderson-DuBose Company to Establish First Distribution Facility in Jefferson City, Tennessee

The Anderson-DuBose Company, a distributor for the food service industry, announced plans to establish operations in Jefferson City, Tennessee. Plans for the project include creating 80 new jobs and investing $40 million in the company’s facility. Economic development partners include Appalachian Electric Cooperative, Jefferson County Alliance, City of Jefferson City, Jefferson County, Norfolk Southern Railway,…

09.9.24 | Newsroom

Kentucky Aluminum Processors Breaks Ground on New $40 Million Facility in Logan County, Kentucky

Kentucky Aluminum Processors, an aluminum recycling facility, plans to establish operations in Logan County, Kentucky. Plans for the project include the creation of 75 new jobs and $40 million in the company’s new Russellville facility. Economic development partners include the Kentucky Cabinet for Economic Development, Pennyrile Rural Electric Cooperative Corporation, and the Logan County Alliance…

09.9.24 | Newsroom

Builders Supply Co. expands in DeKalb County, Alabama

Builders Supply Co. Inc., a building materials and supply manufacturer, announced plans to expand operations in Dekalb County, Alabama. Plans for the project include investing $10.6 million in a new Fort Payne facility and creating an additional 10 jobs. Economic development and local power company partners include Fort Payne Improvement Authority, City of Fort Payne,…

09.4.24 | Newsroom

Orano USA Seeks To Locate Uranium Enrichment Operations in Oak Ridge, Tennessee

Orano USA, a leading provider of materials and services to the US nuclear industry, announced plans to locate a state-of-the-art centrifuge uranium enrichment facility in Oak Ridge, Tennessee. Plans for the project include creating more than 300 new jobs, with an historic capital investment towards furthering an ecosystem for the future of nuclear advancement in…

08.26.24 | Newsroom

Amazon Announces Last-Mile Facility in Lee County, Mississippi

8/26/24 Amazon, a global e-commerce company, announced plans to establish operations in Lee County, Mississippi. The company plans to locate its Last-Mile Facility in a new Saltillo facility supported by TVA InvestPrep. Economic Development partners include Tombigbee Electric Power Association, Community Development Foundation, and the Mississippi Development Authority. This project furthers TVA’s mission of service…

08.22.24 | Newsroom

Nashville Wire Products Expands in Humphreys County, Tennessee

Nashville Wire Products, a wire shelving, display and retail products producer, announced plans to expand operations in Humphreys County, Tennessee. Plans for the project include creating 102 new jobs and investing $20 million as the company establishes a new manufacturing site in McEwen, Tennessee. Economic development partners include Meriwether Lewis Electric Cooperative, Humphreys County Economic Development Council, Humphreys County…

08.22.24 | Newsroom

Broad Support for TVA’s Advanced Nuclear Leadership

The Tennessee Valley Authority Board of Directors, on Thursday, approved $150 million in additional advanced nuclear funding to support continued design work and TVA’s development of potential small modular reactors (SMRs) at its Clinch River site near Oak Ridge, Tenn. The Board, which approved an initial $200 million at its February 2022 board meeting, has…

08.13.24 | Newsroom

MD Carts LLC to Expand in Johnson City, Tennessee

MD Carts, LLC, a manufacturer of golf carts, announced plans to expand operations in Johnson City, Tennessee. Plans for the project include creating 200 new jobs and investing $10 million to allow for larger production capacity. Economic development partners include BrightRidge, the City of Johnson City, Washington County Economic Development Council and the Tennessee Department of Economic and Community…

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News Index

Eli Lilly Announces Plans to Establish Operations in Huntsville, Alabama

Eli Lilly, a leading pharmaceutical company, announced plans to establish operations in Huntsville, Alabama. Plans for the advanced manufacturing facility include creating 450 new quality jobs and investing $6 billion, which represents the largest initial investment in the state’s history. Economic development partners include Alabama Department of Commerce, Athens Utilities, Huntsville-Madison County Chamber of Commerce,...

Toyota to Expand its U.S. Manufacturing Presence in Jackson, Tennessee and Blue Springs, Mississippi

Toyota, a global automotive manufacturer, announced plans to expand its U.S. manufacturing presence, including two locations within TVA’s footprint. Toyota announced plans to invest $125 million in the company’s Blue Springs, Mississippi facility and $71.4 million along with 33 new jobs at its casting plant in Jackson, Tennessee. Economic development partners include Mississippi Development Authority,...

Hyosung HICO Announces Expansion in Memphis, Tennessee

Hyosung HICO, a global power transformer manufacturer, announced plans to expand operations in Memphis, Tennessee. Plans for the project include creating 240 new jobs and investing more than $150 million as the company constructs a new facility at its U.S. headquarters, marking the second expansion project at the facility in six months. Upon completion, the...