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.

12.20.24 | Newsroom

Performance Food Group to Expand Operations in Hamblen County, Tennessee

Performance Food Group, a foodservice company, announced plans to expand operations in Hamblen County. Plans for the project include creating 37 new jobs and investing $33 million its Morristown facility. Economic development partners include Morristown Utilities, the Morristown Area Chamber of Commerce, and the Tennessee Department of Economic and Community Development. This project furthers TVA’s…

12.19.24 | Newsroom

ALUKO Group to Establish First U.S. Manufacturing Facility in Madison County, Tennessee

ALUKO Group, an aluminum battery casing manufacturer, announced plans to establish operations in Madison County, Tennessee. Plans for the project include creating 55 new jobs and investing more than $36 million in the company’s first U.S. manufacturing facility. The new facility will supply aluminum battery casings at Ford Motor Company’s BlueOval City. Economic development partners…

12.12.24 | Newsroom

Bobrick Washroom Equipment to Expand in Jackson, Tennessee

Bobrick Washroom Equipment announced plans to expand operations in Jackson, Tennessee. Plans for the project include creating 26 new jobs and investing $17 million as part of the company’s third expansion in Madison County. Economic development partners include Jackson Energy Authority, Tennessee Department of Economic and Community Development, Jackson Chamber, City of Jackson and Madison…

12.5.24 | Newsroom

Petainer Manufacturing USA, Inc. Plans to Expand Operations into Maury County, Tennessee

Petainer Manufacturing USA, Inc., a global sustainable packaging company, announced plans to expand operations to Maury County, Tennessee. Plans for the project include creating 35 new jobs and investing $10 million in the company’s Mt. Pleasant manufacturing operations. Economic development partners include Mt. Pleasant Power System, Maury Alliance, Tennessee Department of Economic and Community Development…

11.14.24 | Newsroom

AAON Inc. To Establish Operations in Memphis, Tennessee

AAON, Inc., a leading HVAC manufacturer, announced plans to establish operations in Memphis, Tennessee. Plans for the project include creating 828 new jobs and investing $238 million in the company’s Shelby County facility. Economic development partners include Memphis Light, Gas and Water, the Greater Memphis Chamber, and the Tennessee Department of Economic and Community Development….

11.12.24 | Newsroom

Avail Enclosure Systems Announces Plans to Expand in Hamilton County

Avail Enclosure Systems, a global infrastructure company, announced plans to expand operations in Hamilton County. Plans for the project include creating 82 new jobs and investing more than $10 million at its Chattanooga facility. Economic development partners include EPB, the Tennessee Department of Economic and Community Development, City of Chattanooga, Hamilton County, and the Chattanooga…

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…

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News Index

Hygrade Components announces plans to expand operations in Mount Pleasant, Tennessee

Hygrade Components, a metal fabricator, announced plans to expand operations in Mount Pleasant, Tennessee. The company plans to create more than 30 new jobs and invest $1.6 million in its Maury County operations to support growth into new markets. Economic development partners include Mount Pleasant Power System, Maury Alliance, Tennessee Department of Economic and Community Development, Middle Tennessee Industrial...

Homeland Vinyl Products to expand operations in Surgoinsville, Tennessee

Homeland Vinyl Products, a residential and commercial vinyl products manufacturer, announced plans to expand operations in Surgoinsville, Tennessee. Plans for the project include creating 50 new jobs and investing $5.5 million as the company adds additional product lines. Economic development partners include Holston Electric Cooperative, Hawkins County Industrial Development Board, Networks Sullivan Partnership and the Tennessee Department of Economic...

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...