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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.

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05.21.26 | Newsroom

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…
05.13.26 | Newsroom

Underground Solutions, Inc. announces plans to establish operations in Batesville, Mississippi.

Underground Solutions, Inc., an infrastructure technology company, announced plans to establish operations in Batesville, Mississippi. The company plans to invest $80 million in the manufacturing facility and create 50 new jobs. Economic development partners include Tallahatchie Valley Electric Power Association, Panola Partnership, Mississippi Development Authority and TVA. This project furthers TVA’s mission of service to help improve the…
05.7.26 | Newsroom

Light Electric Vehicles announces plans to establish operations in Algood, Tennessee.

Light Electric Vehicles (LEV), an electric bicycle manufacturer, announced plans to establish operations in Algood, Tennessee. Plans for the project include creating 288 new jobs and investing $7 million in the company’s Putnam County production and distribution facility. Economic development partners include Upper Cumberland Electric Membership Corporation, the Tennessee Department of Economic and Community Development, Highlands Economic Partnership, Putnam County…
04.29.26 | Newsroom

Stella-Jones Inc. announces plans to establish operations in Lincoln County, Tennessee

Stella-Jones Inc., a Canadian infrastructure product manufacturer, announced plans to establish operations in Lincoln County, Tennessee. Plans for the project include creating 228 new jobs and investing $45 million in the company’s new steel lattice tower manufacturing facility. Economic development partners include Fayetteville Public Utilities, Fayetteville-Lincoln County Industrial Development Board, Middle Tennessee Industrial Development Association and the Tennessee Department…
04.28.26 | Newsroom

JST announces plans to expand operations in Guntersville, Alabama.

JST, a global leader in design and manufacturing of electronic connectors, announced plans to expand operations in Guntersville, Alabama. Plans for the project include creating 80 jobs and investing $500 million in the company’s North Alabama operations. Economic development partners include North Alabama Electric Cooperative, Guntersville Industrial Development Board, City of Guntersville,  Marshall County, and the Alabama Department of…
04.21.26 | Newsroom

Starbucks announces plans to establish regional operations in Nashville, Tennessee.

Starbucks, a global coffee and consumer products company, announced plans to establish regional operations in Nashville, Tennessee. Plans for the company’s new Southeast corporate office include creating 2,000 new jobs and investing $100 million. Economic development partners include Nashville Electric Service, Metropolitan Government of Nashville and Davidson County, Nashville Area Chamber of Commerce and the Tennessee Department of…
04.1.26 | Newsroom

Lumber Liquidators to Establish Headquarters in Lawrenceburg, Tennessee

Lumber Liquidators announced plans to establish headquarters and warehousing operations in Lawrenceburg, Tennessee. Plans for the project include creating 76 jobs and investing $32.4 million in the company’s Lawrence County facility. Economic development partners include Lawrenceburg Utility Systems, the Lawrence County Chamber of Commerce, Middle Tennessee Industrial Development Association, and the Tennessee Department of Economic…
03.27.26 | Newsroom

Hadrian Announces New Operations in Colbert County, Alabama

Hadrian, a submarine components parts manufacturer, announced plans to establish operations in Colbert County, Alabama. Announced plans for the project include investing $2 billion and creating 1,000 new jobs at the company’s Sheffield operations. Economic development partners include Sheffield Utilities, Alabama Department of Commerce, Shoals Economic Development Authority, Colbert County and the City of Sheffield….
03.25.26 | Newsroom

Morgan Steel to Expand Operations in Memphis, Tennessee

Morgan Steel, a steel manufacturer and distributor, announced plans to expand operations in Memphis, Tennessee. Plans for the project include creating 119 new jobs and investing $11 million in the company’s Shelby County headquarters facility. Economic development partners include Memphis Light Gas and Water, the Tennessee Department of Economic and Community Development, Greater Memphis Chamber, and EDEGE. This project…
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