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.

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…

02.23.22 | Newsroom

Iron Galaxy Studios, LLC, announced plans to locate operations in Nashville, TN

Iron Galaxy Studios, LLC, a top independent video game developer, announced plans to locate operations in Nashville, TN. Plans for the project include creating 108 new tech jobs at its Nashville game development studio. Economic development partners include Nashville Electric System, Nashville Area Chamber of Commerce, Nashville Technology Council, and Tennessee Department of Economic and Community Development….

02.22.22 | Newsroom

Wall Innovations, LLC, announced plans to establish operations in Hardeman County

Wall Innovations, LLC, an aluminum door and window manufacturer, announced plans to establish operations in Hardeman County. Plans for the company’s U.S. manufacturing and distribution operations include creating 72 new jobs and investing $6.4 million. Economic development partners include Bolivar Energy Authority, City of Bolivar, Hardeman County and Tennessee Department of Economic and Community Development.

02.22.22 | Newsroom

Chick-fil-A Supply announced plans to locate operations in Antioch, Tennessee

Chick-fil-A Supply, an innovative distribution service provider, announced plans to locate operations in Antioch, Tennessee. Plans for the distribution service provider include creating 45 new jobs and investing $16.3 million to support operations, ensuring Chick-fil-A restaurants have the food and products needed to serve its customers. Economic development partners include Nashville Electric Service, Nashville Area Chamber of Commerce and…

02.10.22 | Newsroom

Macy’s Inc. announced plans to expand operations in Robertson County

Macy’s Inc., one of America’s leading digitally led omnichannel retailers, announced plans to expand operations in Robertson County. Plans for the project include creating 50 new jobs to enhance performance at the Portland fulfillment center. Economic development partners include Cumberland Electric Membership Corporation, City of Portland and Tennessee Department of Economic and Community Development. This project furthers TVA’s…

02.8.22 | Newsroom

Tritium announced plans to establish its US manufacturing operations in Lebanon, Tennessee

Tritium, a global leader in the Electric Vehicle charging industry, announced plans to establish its US manufacturing operations in Lebanon, Tennessee. Plans for project include creating 500 new jobs to support manufacturing modular direct current fast chargers at the Wilson County facility. Economic development partners include Middle Tennessee Electric, Joint Economic and Community Development Board of Wilson County, and…

02.3.22 | Newsroom

Monogram Assembled Foods, LLC announced plans to establish operations in Dickson, Tennessee

Monogram Assembled Foods, LLC, a manufacturer of packaged and value-added foods, announced plans to establish operations in Dickson, Tennessee. Plans for the project include creating 400 new jobs and investing $53.5 million in the Tennessee-based company’s facility. Economic development partners include Dickson Electric System, Dickson County Economic Development Alliance, and Tennessee Department of Economic and Community Development. This project…

01.27.22 | Newsroom

PennyMac Financial Services, Inc. announced plans to establish operations in Franklin, Tennessee

PennyMac Financial Services, Inc., a consumer direct lending business, announced plans to establish operations in Franklin, Tennessee. Plans for the project include creating 350 new jobs to support the company’s mortgage origination center. Economic development partners include Middle Tennessee Electric, Williamson Inc., and Tennessee Department of Economic and Community Development. This project helps further TVA’s mission of…

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News Index

Hygrade Components announces plans to expand operations in Mount Pleasant, Tennessee

Hygrade Components, a metal fabricator, announced plans to expand operations in Mount Pleasant, Tennessee. The company plans to create more than 30 new jobs and invest $1.6 million in its Maury County operations to support growth into new markets. Economic development partners include Mount Pleasant Power System, Maury Alliance, Tennessee Department of Economic and Community Development, Middle Tennessee Industrial...

Homeland Vinyl Products to expand operations in Surgoinsville, Tennessee

Homeland Vinyl Products, a residential and commercial vinyl products manufacturer, announced plans to expand operations in Surgoinsville, Tennessee. Plans for the project include creating 50 new jobs and investing $5.5 million as the company adds additional product lines. Economic development partners include Holston Electric Cooperative, Hawkins County Industrial Development Board, Networks Sullivan Partnership and the Tennessee Department of Economic...

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...