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.

11.28.23 | Newsroom

Axle Logistics Announces Plans to Expand Operations in Knoxville, Tennessee

Axle Logistics, LLC, a Tennessee-based, third-party logistics company, announced plans to expand operations in Knoxville. Plans for the project include creating more than 650 new jobs and investing nearly $38 million in the company’s Knoxville headquarters. Economic development partners include Knoxville Utilities Board, Knox County mayor’s office, Knox County Commission, Knox County Industrial Development Board,…

11.16.23 | Newsroom

Summit Behavioral Health Announces Plans to Expand Operations in Williamson County.

Summit Behavioral Health , a national provider of behavioral health treatment services, announced plans to expand operations in Williamson County. Plans for the project include creating 125 new jobs and investing $4.5 million in the company’s Franklin headquarters. Economic development partners include Middle Tennessee Electric, Williamson Inc., and the Tennessee Department of Economic and Community…

10.30.23 | Newsroom

Simpson Strong-Tie To Expand Operations in Gallatin, Tennessee

Simpson Strong-Tie, a leader in engineered structural connectors and building solutions, announced plans to expand operations in Gallatin, Tennessee. Plans for the project include creating 37 new jobs and investing $110 million in the Sumner County facility. Economic development partners include Gallatin Department of Electricity, Gallatin Economic Development Agency and the Tennessee Department of Economic…

10.5.23 | Newsroom

SGB Enterprises, Inc., announces plans to establish operations in Maury County, Tennessee.

10/05/23 SGB Enterprises, Inc., announced plans to establish operations in Maury County. Plans for the project include creating 40 new jobs and investing $1.7 million in the company’s Columbia headquarters and manufacturing operations. Economic development partners include Columbia Power and Water Systems, the Maury Alliance, Middle Tennessee Industrial Development Association and the Tennessee Department of…

10.3.23 | Newsroom

Malibu Boats, LLC, expands operations in Roane County, Tennessee

10/03/2023 Malibu Boats, LLC, a powerboat manufacturer, announced plans to expand operations in Roane County, Tennessee. Plans for the project include creating 770 new jobs and investing $75 million in the company’s second facility outside of its Loudon headquarters. Economic development partners include Lenoir City Utilities Board, Roane Alliance, East Tennessee Economic Development Agency and…

10.2.23 | Newsroom

Dutch Tech, Inc., expands operations in Lobelville, Tennessee

10/02/2023 Dutch Tech, Inc., a manufacturer of laminated insulation products, announced plans to expand operations in Lobelville, TN. Plans for the project include creating 73 new jobs and investing $755,000 to expand operations at the company’s Perry County headquarters. Economic development partners include Meriwether Lewis Electric Cooperative, Perry County Government and the Tennessee Department of…

09.12.22 | Newsroom

Riviana Foods Inc. announced plans to expand operations in Memphis, Tennessee.

Riviana Foods Inc., a consumer products processing and packaging company, announced plans to expand operations in Memphis, Tennessee. Plans for the project include creating 80 new jobs and investing more than $80 million to increase production capacity at the company’s state-of-the-art facility. Economic development partners include Memphis Light Gas and Water, City of Memphis, Shelby County, EDGE, Tennessee Department…

09.1.22 | Newsroom

United Launch Alliance announced plans to expand operations in Morgan County, AL.

United Launch Alliance, a leading manufacturer of rockets used for both government and commercial customers, announced plans to expand operations in Morgan County, AL. The project includes creating 51 new jobs and investing $317 million to serve a new contract from Amazon in accordance with their plans to launch a system of internet satellites. Economic development partners include Joe…

09.1.22 | Newsroom

Delavan Ag Pumps, Inc announced plans to establish operations in Elkton, Kentucky.

Delavan Ag Pumps, Inc., an agritech company, announced plans to establish operations in Elkton, Kentucky. Plans for the project include creating 30 new jobs and investing $2.3 million in the production and warehouse operations to support the company’s recently expanded lawn and garden business. Economic development partners include Pennyrile RECC, Southwestern Kentucky Economic Development Council, City of Elkton, Todd…

08.30.22 | Newsroom

Hankook Tire and Technology Co., Ltd, announced plans to expand operations in Montgomery County, TN.

Hankook Tire and Technology Co., Ltd, a leading global tire manufacturer, announced plans to expand operations in Montgomery County, TN. Plans for the project include creating 397 new jobs and investing $612 million in the company’s third major expansion since breaking ground at the state-of-the-art Clarksville facility in 2014. Economic development partners include Cumberland Electric Membership Corporation, Clarksville-Montgomery County…

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News Index

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,...

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...

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...