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.

11.30.20 | Newsroom

Gestamp plans to expand its Chattanooga, Tennessee operations.

Gestamp, a leading automotive OEM supplier, announced plans to expand its Chattanooga, Tennessee operations. Plans for the project include creating 260 new jobs and investing nearly $95 million to upgrade facilities for increased capacity due to new electric vehicle production. Economic development partners include EPB, Chattanooga Area Chamber of Commerce, Hamilton County Government, City of…

11.23.20 | Newsroom

Kith Kitchens plans to establish operations in Florence, Alabama

Kith Kitchens, a quality cabinet design and manufacturer, announced plans to establish operations in Florence, Alabama. Plans for the new facility include creating 131 new jobs and investing $11 million. TVA’s InvestPrep program helped to develop the site, allowing Kith Kitchens to become operational and meet the company’s growing business demands. Economic Development partners include…

11.19.20 | Newsroom

August Bioservices, LLC plans to expand operations in Davidson County, Tennessee

August Bioservices, LLC, a contract development and manufacturing organization supporting the pharmaceutical industry, announced plans to expand operations in Davidson County, Tennessee. Plans for the project include creating 180 new jobs and investing $64.7 million in the company’s Nashville headquarters operations. Economic development partners include Nashville Electric Service, Nashville Area Chamber of Commerce and Tennessee…

11.18.20 | Newsroom

Stanley Engineered Fastening plans to expand operations in Hopkinsville, Kentucky

Stanley Engineered Fastening, a division of Stanley Black & Decker and producer of precision fasteners and other products, announced plans to expand operations in Hopkinsville, Kentucky. Plans for the project include adding 49 new jobs and investing $6 million at the Christian County facility. Economic development partners include Pennyrile Rural Electric Cooperative Corporation, Southwestern Kentucky…

11.18.20 | Newsroom

Genuine Parts Company plans to establish operations in Lebanon, Tennessee

Genuine Parts Company, a leading automotive and industrial parts distributor, announced plans to establish operations in Lebanon, Tennessee. Plans for the new distribution facility, which will supply auto parts to nearly 300 NAPA Auto Parts stores, include creating 250 jobs and investing $50 million. Economic development partners include Middle Tennessee Electric, Joint Community Development Board…

11.17.20 | Newsroom

Fraley and Schilling, Inc. plans to expand operations in Knoxville, Tennessee

Fraley and Schilling, Inc., a trucking and logistics provider, announced plans to expand operations in Knoxville, Tennessee. Plans for the project include adding 50 new jobs and investing $2.4 million to support growing demand in transportation and logistics. Economic development partners include Knoxville Utilities Board, the Knoxville Chamber, and Tennessee Department of Economic and Community…

11.13.20 | Newsroom

Ardagh Group plans to expand operations in Olive Branch, Mississippi

Ardagh Group, a global supplier of metal and glass packaging, announced plans to expand operations in Olive Branch, Mississippi. Plans for the project include expanding production lines to accommodate growth and adding 80 new jobs. Economic development partners include Northcentral Electric Cooperative, DeSoto County Economic Development Council, DeSoto County and Olive Branch officials, and Mississippi…

11.9.20 | Newsroom

Frito-Lay Inc. plans to expand operations in Pulaski, Tennessee

Frito-Lay Inc., a division of PepsiCo and a leading snack manufacturer, announced plans to expand operations in Pulaski, Tennessee. Plans for the project include creating 100 new jobs and investing $100 million to support future growth, adding four new manufacturing lines. Economic development partners include Pulaski Electric System, Giles County Economic Development Commission, Middle Tennessee…

11.2.20 | Newsroom

FNS Group plans to expand operations in Clarksville, Tennessee

FNS Group, a full-service transportation and logistics provider, announced plans to expand operations in Clarksville, Tennessee. Plans for the project include creating 62 new jobs and investing $33 million to construct a new facility, expanding the company’s footprint in the area. Economic development partners include Cumberland Electric Membership Corporation, Tennessee Department of Economic and Community…

10.29.20 | Newsroom

Nova Steel plans to locate in Bowling Green, Kentucky

Nova Steel, a global steel processing company, announced plans to locate in Bowling Green, Kentucky. Plans for the project include creating 110 new jobs and investing $70 million in the new facility. Economic development partners include Warren Rural Electric Cooperative Corporation, Kentucky Cabinet for Economic Development, and the Bowling Green Area Chamber of Commerce.

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News Index

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...

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...

CG Model Tek LLC to Establish Operations in Tullahoma, Tennessee

CG Model Tek LLC, an aerospace modeling and manufacturing company, announced plans to establish operations in Tullahoma, Tennessee. Plans for the project include creating 32 new jobs and investing $4.5 million in the company’s Coffee County facility. Economic development partners include Tullahoma Utilities Board, Industrial Board of Coffee County, Tullahoma Chamber of Commerce, Middle Tennessee...