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.

09.24.21 | Newsroom

Load Covering Solutions Ltd. announced plans to establish operations in Cadiz, Kentucky

Load Covering Solutions Ltd., a producer and distributor of tarp systems for the commercial trucking industry, announced plans to establish operations in Cadiz, Kentucky. Plans for the project include creating 30 new jobs and investing $2 million it the Trigg County operations. Economic development partners include Pennyrile RECC, Southwestern Kentucky Economic Development Council, and the Kentucky Cabinet for Economic…

09.20.21 | Newsroom

Kelvion Inc., announced plans to expand operations in Knoxville, Tennessee

Kelvion Inc., global heat exchanger manufacturer, announced plans to expand operations in Knoxville, Tennessee. Plans for the project include creating 74 new jobs and investing $3.8 million to increase production. Economic development partners include Knoxville Utilities Board, Knoxville Chamber, East Tennessee Economic Development Agency, and Tennessee Department of Economic and Community Development. This project helps further TVA’s mission of…

09.8.21 | Newsroom

Shinhung Global USA Inc., announced plans to expand operations in Clarksville, Tennessee

Shinhung Global USA Inc., a global logistics company, announced plans to expand operations in Clarksville, Tennessee. Plans for the project include creating 80 new jobs and investing $10 million in the company’s sole U.S. facility. Economic development partners include Cumberland Electric Membership Corporation, Clarksville-Montgomery County Economic Development Council, and Tennessee Department of Economic and Community Development. This project furthers…

09.7.21 | Newsroom

Martinrea Hopkinsville, LLC

Martinrea Hopkinsville, LLC, an automotive supplier of lightweight structures and propulsion systems, announced plans to expand operations in Christian County, Kentucky. Plans for the project include adding 33 new jobs to the existing 515 workforce and investing $31 million to support the company’s growth. Economic development partners include Pennyrile RECC, Southwestern Kentucky Economic Development Council, City of Hopkinsville, Christian…

09.7.21 | Newsroom

Thermo Fisher Scientific announced plans to establish a new manufacturing facility in Wilson County, Tennessee

Thermo Fisher Scientific, a leading global life sciences company, announced plans to establish a new manufacturing facility in Wilson County, Tennessee. Plans for the project include creating 1,400 new jobs and investing $100 million in the Lebanon facility. Economic development partners include Middle Tennessee Electric, the Joint Economic & Community Development Board of Wilson County, and Tennessee Department of…

08.30.21 | Newsroom

KBR, Inc., plans to expand its operations in Huntsville, Alabama

KBR, Inc., which provides engineering, scientific and technical services to the defense and aerospace industries, announced plans to expand its operations in Huntsville, Alabama. Plans for the project include creating 160 new jobs to support the company’s growth. Economic development partners include, Huntsville-Madison County Chamber, Huntsville Utilities, and the Alabama Department of Commerce. This project…

08.26.21 | Newsroom

IGT Technologies, Inc., announced plans to expand operations in Knoxville, Tennessee

IGT Technologies, Inc., a technology and business process management company, announced plans to expand operations in Knoxville, Tennessee. Plans for the project include creating 200 new jobs and investing $3.9 million to support the company’s growth. Economic development partners include, Knoxville Utilities Board, Knoxville Chamber, East Tennessee Economic Development Agency, University of Tennessee, Pellissippi State Community College, and Tennessee…

08.25.21 | Newsroom

Sungwoo Hitech America Corp announced plans to locate its first U.S. manufacturing operations in Washington County, Tennessee

Sungwoo Hitech America Corp, a global automotive supplier, announced plans to locate its first U.S. manufacturing operations in Washington County, Tennessee. Plans for the project include creating 117 jobs and investing $40 million in the Telford facility. Economic development partners include BrightRidge, Northeast Tennessee Regional Economic Partnership, Town of Jonesborough, Washington County and Tennessee Department of Economic and Community…

08.18.21 | Newsroom

Amazon nnounced plans to establish a new, state-of-the-art fulfillment center in Clarksville, Tennessee

Amazon, a global electronic commerce and cloud computing company, announced plans to establish a new, state-of-the-art fulfillment center in Clarksville, Tennessee. Plans for the project include creating 500 new jobs at the facility, which will also house innovative Amazon technologies and energy efficient, zero-emission power industrialized truck equipment. Economic development partners include Cumberland Electric Membership Corporation, Clarksville-Montgomery…

08.10.21 | Newsroom

Bilstein Cold Rolled Steel LP announced plans to expand operations in Bowling Green, Kentucky

Bilstein Cold Rolled Steel LP, a global fabricated metals manufacturer, announced plans to expand operations in Bowling Green, Kentucky. Plans for the project include investing $17.8 million to support the company’s growth and additional facility space. Economic development partners include Warren Rural Electric Cooperative Corporation, the Bowling Green Area Chamber of Commerce, and the Kentucky Cabinet for…

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News Index

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...

Performance Drones Works, PDW Announces Expansion in Huntsville, Alabama

Performance Drones Works, PDW, a robotics manufacturer for military and government operations, announced plans to expand its manufacturing operation in Huntsville, AL. Plans for the project include creating 525 new jobs and investing more than $9 million. Economic development partners include Huntsville Utilities, City of Huntsville, Alabama Department of Commerce, and the Huntsville-Madison County Chamber of...