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.

10.17.25 | Newsroom

Tate, Inc., Announces New Operations in Barren County, Kentucky

Tate, Inc., a manufacturer of thermal management and airflow solutions, announced plans to establish operations in Barren County, Kentucky. Plans for the project include creating 400 new jobs and investing $61M in the company’s state-of-the-art manufacturing facility. This project marks the largest economic development investment in Barren County in nearly 20 years. Economic development partners…

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…

10.14.25 | Newsroom

Nidec to Expand Operations in Henderson County, Tennessee

Nidec, a global manufacturer of advanced alternators, announced plans to expand operations in Henderson County, Tennessee. Plans for the project include creating 200 new jobs and investing $50 million in the company’s Lexington facility. Economic development partners include Lexington Electric System, the Tennessee Department of Economic and Community Development and the city of Lexington. This…

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…

09.30.25 | Newsroom

BWXT To Expand Operations in Erwin, Tennessee

BWXT, a nuclear energy company, announced plans to expand operations at its Nuclear Fuel Services, Inc. facility in Erwin, Tennessee. Plans for the project include creating 198 new jobs and investing $122 million in the company’s Unicoi County facility as it grows its capabilities in support of national defense needs. Economic development partners include Erwin…

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…

09.24.25 | Newsroom

PolyFlex To Expand Operations in Warren County, Tennessee

PolyFlex, a global packaging manufacturer, announced plans to expand operations in Warren County, Tennessee. Plans for the project include creating 60 new jobs and investing $8 million as the company expands its manufacturing presence, adding a new location in McMinnville. Economic development partners include McMinnville Electric System, the Industrial Development Board of McMinnville-Warren County and…

09.9.25 | Newsroom

Oklo Inc., to Establish Operations in Oak Ridge, Tennessee

Oklo Inc., an advanced nuclear technology company, announced plans to establish operations in Oak Ridge, Tennessee. Plans for the project include creating more than 800 new jobs and investing $1.7 billion, which includes the development of an advanced nuclear fuel recycling facility. This announcement establishes Oklo as the nation’s first privately funded nuclear recycling facility,…

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…

09.2.25 | Newsroom

MAHLE GmbH Announced Plans to Expand Operations in Hamblen County

MAHLE GmbH, an automotive supplier of electric compressors, announced plans to expand operations in Hamblen County. Plans for the project include investing $10 million and creating 50 new jobs, which will bring the company’s total headcount to nearly 800 people at its Morristown facility. Economic development partners include Morristown Utility System, Morristown Area Chamber of…

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News Index

Helix Electrical, manufacturer of electrical components and large modular assemblies, announces plans to establish operations at a groundbreaking in Jackson County, Alabama.

Helix Electrical, manufacturer of electrical components and large modular assemblies, announced plans to establish operations at a groundbreaking in Jackson County, Alabama. The company plans to create 160 jobs and invest $45M in its new Advanced Fabrication Campus. Economic development partners include North Alabama Electric Cooperative, Jackson County EDA, the Alabama Department of Commerce and TVA. This project furthers...

Valmont Industries, producer of engineered steel transmission, distribution and substation structures, announces plans to expand operations in Jasper, Tennessee.

Valmont Industries, a producer of engineered steel transmission, distribution and substation structures, announced plans to expand operations in Jasper, Tennessee. The company plans to create 84 new jobs and invest $45 million in its Marion County operations to support increased production. Economic development partners include Sequachee Valley Electric Cooperative, Marion County government, the Tennessee Department of Economic and Community...

ITT Goulds Pumps, global pump manufacturer, announces plans to establish operations in Memphis, Tennessee.

ITT Goulds Pumps, a global pump manufacturer, announced plans to establish operations in Memphis, Tennessee. The company plans to create 57 new jobs and invest $30 million in its new manufacturing and distribution center. Economic development partners include Memphis Light Gas and Water, the Greater Memphis Chamber, EDGE, the Tennessee Department of Economic and Community Development, and TVA. This...