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.

12.10.25 | Newsroom

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,…

12.1.25 | Newsroom

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,…

11.24.25 | Newsroom

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…

11.20.25 | Newsroom

Carlex Glass America to Expand in Nashville, Tennessee

Carlex Glass America, a precision-formed automotive glass manufacturer, announced plans to expand operations in Nashville, Tennessee. Plans for the project include creating 143 high-skilled jobs and investing $55 million in the company’s Davidson County operations. Economic development partners include Nashville Electric Service, the Tennessee Department of Economic and Community Development, and the Metropolitan Government of…

11.10.25 | Newsroom

Aqua Membranes Announces New Operations in Knoxville, Tennessee

Aqua Membranes, a reverse osmosis membrane manufacturer, announced plans to establish operations in Knoxville. Plans for the project include creating 95 new jobs and investing more than $6.5 million in the company’s new facility. Economic development partners include Knoxville Utilities Board, the Industrial Board of Knox County, Oak Ridge National Laboratory, East Tennessee Economic Development…

11.4.25 | Newsroom

Fratco To Establish Operations in DeKalb County, Alabama

Fratco a leader in corrugated plastic pipe manufacturing, announced plans to establish operations in DeKalb County, Alabama. Plans for the project include creating 50 new jobs at the company’s state-of-the-art manufacturing facility. Economic development partners include DeKalb County Economic Development Authority, the Fort Payne Improvement Authority, the City of Fort Payne, and the Alabama Department…

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…

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