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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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04.15.25 | Newsroom

BWXT Enrichment Operations, LLC To Establish Operations in Oak Ridge, Tennessee

BWXT Enrichment Operations, LLC, a manufacturer of centrifuge assemblies, announced plans to establish operations in Oak Ridge, Tennessee. Plans for the project include creating 60 new jobs and investing $45 million to support the company’s long-term plan to support fuel production for the National Nuclear Security Administration’s defense program. Economic development partners include City of…
03.31.25 | Newsroom

Shinsung ST USA To Establish Operations in Simpson County, Kentucky

Shinsung ST USA, a leading innovator in energy storage solutions, announced plans to establish operations in Simpson County. Plans for the project include creating 100 new jobs and investing $53 million in the Franklin manufacturing operations. Economic development partners include Warren RECC, Franklin-Simpson County Industrial Development Authority and the Kentucky Cabinet for Economic Development. This…
03.20.25 | Newsroom

Barrett Firearms Manufacturing, Inc., To Expand Operations in Rutherford County

Barrett Firearms Manufacturing, Inc., a firearm and ammunition manufacturer, announced plans to expand operations in Rutherford County. Plans for the project include creating 183 new jobs and investing more than $76 million in the company’s new headquarters and state-of-the-art manufacturing facility. Economic development partners include Middle Tennessee Electric, Rutherford County Chamber of Commerce, and the…
03.3.25 | Newsroom

ABB Electrification to Expand Operations in McNairy County, Tennessee

ABB Electrification, an electrical distribution equipment manufacturer, announced plans to expand operations in McNairy County, Tennessee. Plans for the project include creating 50 new jobs and investing $76 million in the company’s Selmer facility. Economic development partners include Pickwick Electric, McNairy County Industrial Development Board and the Tennessee Department of Economic and Community Development. This…
02.19.25 | Newsroom

ROCKWOOL to Expand Operations in Marshall County, Mississippi

ROCKWOOL, an industrial insulation manufacturer, announced plans to expand operations in Marshall County, Mississippi. Plans for the project include creating 30 new jobs and investing more than $100 million in the company’s facility. Economic development partners include Northcentral Electric Cooperative, Mashall County Industrial Development Authority and Mississippi Development Authority. This project furthers TVA’s mission of…
02.19.25 | Newsroom

Charms LLC Announces Plans to Expand Operations in Tipton County, Tennessee

Charms LLC, a candy manufacturer, announced plans to expand operations in Tipton County, Tennessee. Plans for the project include creating 62 new jobs and investing $97.7 million in the company’s Covington location. Economic development partners include Covington Electric System, Tipton Count Community Development and the Tennessee Department of Economic and Community Development.  This project furthers…
02.6.25 | Newsroom

Southeastern Timber Products to Expand Operations in Choctaw County, Mississippi

Southeastern Timber Products, a manufacturer of lumber, timber, and decking products, announced plans to expand operations in Choctaw County. Plans for the project include creating 40 new jobs and investing $123 million in its Ackerman facility. Economic development partners include The Enterprise, 4-County Electric Power, and Mississippi Development Authority. This project furthers TVA’s mission of…
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News Index

Vibrant Health Products, Inc., To Establish its First U.S. Manufacturing Facility in Fayette County, Tennessee

Vibrant Health Products, Inc., an organic food products producer, announced plans to establish its first U.S. manufacturing facility in Fayette County, Tennessee. Plans for the project include creating 394 new jobs and investing $48.5 million in the company’s operations. Economic development partners include Chickasaw Electric Cooperative, Greater Memphis Chamber, City of Rossville, Fayette County and...

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Master Machine, LLC, To Expand Operations in Hamilton County

Master Machine, LLC, a system design and manufacturer of products primarily for nuclear-focused industries, announced plans to expand operations in Hamilton County. Plans for the project include creating 44 new jobs and investing $12 million in the company’s Chattanooga operations. Economic development partners include EPB, Chattanooga Area Chamber of Commerce, Hamilton County, the city of...

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Clayton Supply Announces Plan to Expand Operations in Hamblen County

Clayton Supply, a leading homebuilding company, announced plans to expand operations in Hamblen County. Plans for the project include creating 90 new jobs and investing $6.8 million in the Morristown facility. Economic development partners include Morristown Utilities, Morristown Area Chamber of Commerce, City of Morristown, Hamblen County and the Tennessee Department of Economic and Community...

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