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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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06.14.22 | Newsroom

Meta (formerly known as Facebook) announced plans to expand its data center operations in Huntsville, AL and Gallatin, TN.

  Meta (formerly known as Facebook) announced plans to expand its data center operations in Huntsville, AL and Gallatin, TN.  Plans for the projects include a combined investment of $950 million and an additional 200 jobs. The projects bring Meta’s total investment in the Valley to $2.5 billion and 400 jobs across both facilities. Economic development partners include Gallatin…
06.3.22 | Newsroom

Ariens Company announced plans to locate operations in Lincoln County, Tennessee.

Ariens Company, a global outdoor power equipment manufacturer, announced plans to locate operations in Lincoln County, Tennessee. Plans for the project include creating 369 new jobs and investing $38 million to locate its new manufacturing and warehouse facility in Tennessee. Economic development partners include Fayetteville Public Utilities, Fayetteville-Lincoln County Industrial Development Board, Middle Tennessee Industrial Development Association and Tennessee…
05.26.22 | Newsroom

Hollobus Technologies announced plans to locate operations in Murray, Kentucky

Hollobus Technologies, Inc., manufacturer of electrical power distribution connectors, announced plans to locate operations in Murray, Kentucky, creating 150 new jobs and $2.25 million in capital investment. The investment will locate the company’s head office, primary manufacturing operation and an R&D facility. Economic development partners include Murray Electric Systems, Murray-Calloway County Economic Development Corporation, and the Kentucky Cabinet for Economic…
05.6.22 | Newsroom

Tri-City Extrusion, Inc. announced plans to expand operations in Sullivan County, Tennessee

Tri-City Extrusion, Inc., an aluminum extrusion producer, announced plans to expand operations in Sullivan County, Tennessee. Plans for the project include creating 50 new jobs and investing $30 million to support customer demand and strengthen production at the company’s manufacturing operations. Economic development partners include Bristol Tennessee Essential Services, NETWORKS Sullivan Partnership, City of Bristol and Tennessee Department of…
05.4.22 | Newsroom

Steel Technologies announced plans to expand operations in Decatur, AL. Plans for the project include an additional 50 new jobs and an investment of $19 million.

Steel Technologies, a leading aluminum and steel processors in North America, announced plans to expand operations in Decatur, AL. Plans for the project include an additional 50 new jobs and an investment of $19 million. Economic Development partners include Joe Wheeler Electric Membership Corporation, Morgan County Economic Development Association, and the Alabama Department of Commerce.  This project helps…
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.
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News Index

Spartan Composites Announces Plans to Establish Operations in Saltillo, Mississippi

Spartan Composites, an advanced composite materials manufacturer, announced plans to establish operations in Saltillo, Mississippi. Plans for the project include creating 45 new jobs and investing $49 million in the company’s Lee County location. Economic development partners include Mississippi Development Authority, Tombigbee Electric Power Association, and the Community Development Foundation. This project furthers TVA’s mission...

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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...

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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...

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