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.

04.20.22 | Newsroom

Toyota Motor Manufacturing announced plans to invest $222 million in a new four-cylinder production line with the capacity to produce engines for both the combustion and hybrid electric powertrains at its Huntsville, Alabama, facility.

Toyota Motor Manufacturing, a global automotive manufacturer, announced plans to invest $222 million in a new four-cylinder production line with the capacity to produce engines for both the combustion and hybrid electric powertrains at its Huntsville, Alabama, facility. Economic Development partners include Huntsville Utilities, Huntsville-Madison County Chamber, City of Huntsville, and the Alabama Department of Commerce. This…

04.13.22 | Newsroom

Envision AESC announced plans to establish operations in Bowling Green, Kentucky.

Envision AESC, a world leading battery technology company for Electric Vehicles, announced plans to establish operations in Bowling Green, Kentucky. Plans for the project include creating 2,000 new jobs and investing $2 billion in the new state-of-the-art gigafactory, producing battery cells and modules to power next generation Electric Vehicles. Economic development partners include Warren Rural Electric Cooperative Corporation, Kentucky Cabinet…

04.5.22 | Newsroom

Dot Foods, Inc. announced plans to establish operations in Manchester, Tennessee.

Dot Foods, Inc., a food industry redistribution company, announced plans to establish operations in Manchester, Tennessee. Plans for the project include creating 170 new jobs and investing $50 million in its new Coffee County distribution center. Economic development partners include Duck River Electric Membership Corporation, Tennessee Department of Economic and Community Development, Middle Tennessee Industrial Development Association, and the…

03.29.22 | Newsroom

Baxter International Inc. announced plans to establish operations in Marshall County, Mississippi

Baxter International Inc., a provider of leading healthcare solutions, announced plans to establish operations in Marshall County, Mississippi. Plans for the project include creating 105 jobs and investing $11.6 million in the company’s distribution operations. Economic development partners include Northcentral Electric Cooperative, Mississippi Development Authority, Marshall County Industrial Development Authority and Marshall County.

03.29.22 | Newsroom

Ultimate Linings, LLC. announced plans to establish operations in Wilson County, Tennessee

Ultimate Linings, LLC, a global leader in protective coatings for the automotive industry, announced plans to establish operations in Wilson County, Tennessee. Plans for the project include creating 50 new jobs and investing $31 million in the company’s chemical manufacturing facility. Economic development partners include Middle Tennessee Electric, the Joint Economic and Community Development Board of Wilson County and…

03.28.22 | Newsroom

Permobil, Inc. announced plans to expand operations in Wilson County, Tennessee

Permobil, Inc., a global leader in innovative assistive technology, announced plans to expand operations in Wilson County, Tennessee. Plans for the project include adding 70 new jobs and investing $15 million to the company’s North American Headquarters facility. Economic development partners include Middle Tennessee Electric, the Joint Economic and Community Development Board of Wilson County and the Tennessee Department…

03.25.22 | Newsroom

GAN Corp. announced plans to expand its operations in Huntsville, Alabama

GAN Corp, an engineering and technology company, announced plans to expand its operations in Huntsville, Alabama. Plans for the project include creating 100 new jobs and investing $5 million in a new facility at the Cummings Research Park. Economic development partners include Huntsville Utilities, City of Huntsville, Huntsville-Madison County Chamber of Commerce, and the Alabama Department of Commerce. This…

03.17.22 | Newsroom

ATC Drivetrain announced plans to establish operations in Knoxville

ATC Drivetrain, a leading independent global remanufacturer of automotive drivetrain and powertrain systems, announced plans to establish operations in Knoxville. Plans for the project include creating more than 200 new jobs and investing $8.3 million as the company implements new technologies and capabilities in the market. Economic development partners include Knoxville Utilities Board, Knoxville Chamber, East Tennessee Economic Development…

03.10.22 | Newsroom

Noble Supply and Logistics announced plans to locate operations in Olive Branch, Mississippi

Noble Supply and Logistics, a global supply and logistics provider, announced plans to locate operations in Olive Branch, Mississippi. Plans for the project include creating 25 new jobs and investing $4 million in the company’s distribution hub. Economic development partners include Northcentral Electric Cooperative, Mississippi Development Authority, DeSoto County Economic Development Council, City of Olive Branch, and DeSoto County….

03.4.22 | Newsroom

Ultra Safe Nuclear Corporation, announced plans to locate operations in Roane County, Tennessee

Ultra Safe Nuclear Corporation, a manufacturer of inherently safe nuclear fuels, announced plans to locate operations in Roane County, Tennessee. Plans for the project include creating 31 new jobs and investing $13 million at the pilot facility which will specialize in manufacturing the company’s Fully Ceramic Microencapsulated nuclear fuel and refractory ceramic materials. Economic development partners include Oak Ridge…

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News Index

Howmet Aerospace Inc., Announces Expansion in Morristown, Tennessee

Howmet Aerospace Inc., an international aerospace company, announced plans to expand operations in Morristown, Tennessee. Plans for the project include creating 217 new jobs at the company’s Hamblen County 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...

Hyosung HICO to Expand Operations in Memphis, Tennessee

Hyosung HICO, a power transformer manufacturer, announced plans to expand operations in Memphis, Tennessee. Plans for the project include creating 120 new jobs and investing $51 million in the company’s U.S. manufacturing headquarters. Economic development partners include Memphis Light Gas and Water, the Greater Memphis Chamber, Memphis Shelby County EDGE and the Tennessee Department of...

GE Aerospace Announces Plans to Expand Operations in Batesville, Mississippi

GE Aerospace, an aerospace and defense company, announced plans to expand operations in Batesville, Mississippi. Plans for the project include creating 100 new jobs and investing $11 million as the company increases production at the Panola County site. Economic development partners include Tallahatchie Valley Electric Power Association, Panola Partnership, and the Mississippi Development Authority. This...