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.

07.23.24 | Newsroom

Liebherr Announces Plans for New Facility in Tupelo, Mississippi

Liebherr, one of the world’s largest manufacturers of construction equipment, announced plans to establish operations in Tupelo, Mississippi. Plans for the project include creating 180 new jobs and investing $176 million, with potential for future growth at the company’s Lee County distribution and manufacturing operations. Economic development partners include Tombigbee Electric Power Association, the Community…

07.22.24 | Newsroom

Howmet Aerospace Inc. Expands Footprint in Morristown, Tennessee

Howmet Aerospace Inc., an international provider of advanced engineered solutions, announced plans to expand operations in Morristown, Tennessee. Plans for the project include creating 50 new jobs and investing $28 million in its Hamblen County facility. Economic development partners include Morristown Utilities, the Morristown Area Chamber of Commerce and the Tennessee Department of Economic and…

07.18.24 | Newsroom

Ashley Furniture Industries Plans Expansion in Lee County, Mississippi

Ashley Furniture Industries, the world’s largest manufacturer of home furnishings, announced plans to expand operations in Lee County, Mississippi. Plans for the project include creating 500 new jobs and investing $80 million at the company’s Verona facility. Economic development partners include Tombigbee Electric Power Association, Mississippi Development Authority, and the Community Development Foundation. This project…

06.27.24 | Newsroom

Shape Corp. Announces New Facility in Huntsville, Alabama

Shape Corp., an automotive manufacturing supplier, announced plans to establish new operations in Huntsville, Alabama in addition to their existing Athens, Alabama location. The company plans to create 100 new jobs and invest $74 million in its Huntsville facility. Economic development partners include Limestone County Economic Development Association, Athens Utilities, State of Alabama Department of…

06.11.24 | Newsroom

Lazestar Inc. Plans Expansion in Williamson County, Tennessee

Lazestar, Inc., a manufacturing and laser welding company, announced plans to establish operations in Williamson County, Tennessee. The company plans to create 25 new jobs and invest $5 million in its Fairview facility. Economic development partners include Middle Tennessee Electric, Williamson Inc., and the Tennessee Department of Economic and Community Development. This project furthers TVA’s…

06.10.24 | Newsroom

Toyota Motors Manufacturing to Expand Operations in Madison County, Alabama

Toyota Motors Manufacturing announced plans to expand operations in Madison County, Alabama. The company plans to add 350 new jobs and invest $282 million with this latest expansion. Economic development partners include Huntsville Utilities, Madison County, City of Huntsville, Huntsville Madison Chamber of Commerce, and the Alabama Department of Commerce. This project furthers TVA’s mission…

05.22.24 | Newsroom

Loudon County Welcomes PPG’s Newest U.S. Manufacturing Facility

PPG, a paint and coatings manufacturer, announced plans to establish operations in Loudon County, Tennessee. The company plans to create 129 new jobs and invest $225 million in its newest U.S. manufacturing facility. Economic development partners include Loudon Utilities, Loudon County, City of Loudon, Loudon County Economic Development Agency, and the Tennessee Department of Economic…

05.9.24 | Newsroom

BorTec USA to Establish First U.S. Location in Johnson City, Tennessee

BorTec USA, a manufacturer of pipes for the oil and gas industries, announced plans to establish operations in Johnson City, Tennessee. Plans for the project include creating 35 new jobs and investing $3 million in the company’s first U.S. location. Economic development partners include BrightRidge, the City of Johnson City, Washington County Economic Development Council,…

04.26.24 | Newsroom

Avancez Plans Expansion at Ford’s BlueOval City Supplier Park in Haywood County

Avancez, an automotive supplier, announced plans to establish operations at Ford’s BlueOval City Supplier Park. Plans for the project include creating 500 new jobs and investing $54 million in the company’s Haywood County assembly operations. Economic development partners include Southwest Tennessee Electric Membership Corporation, the Tennessee Department of Economic and Community Development, Haywood County, and…

04.25.24 | Newsroom

Greenheck Group to Grow Roots in Knoxville, Tennessee

Greenheck Group, a manufacturer of industrial ventilation equipment, announced plans to establish operations in Knoxville, Tennessee. Plans for the project include creating 440 new jobs and investing $300 million in the company’s corporate campus. Economic development partners include Knoxville Utilities Board, Knox County, City of Knoxville, Knoxville Chamber, Industrial Development Board of Knox County, East…

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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...

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...

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...