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.

03.19.21 | Newsroom

Matalco Inc. announced plans to establish operations in Simpson County, Kentucky

Matalco Inc., a producer of aluminum products for manufacturing industries, announced plans to establish operations in Simpson County, Kentucky. Plans for the newly formed venture, Matalco Kentucky LLC, include creating 60 new jobs and investing $53.3 million to support growth and demand. Economic development partners include Franklin Electric Plant Board, Kentucky Cabinet for Economic Development…

03.18.21 | Newsroom

Mullen Technologies announced plans to establish operations in Memphis, Tennessee

Mullen Technologies, an emerging Electric Vehicle manufacturer, announced plans to establish operations in Memphis, Tennessee. Plans for project include creating 434 new jobs and investing $362 million to manufacture the company’s first line of fully electric vehicles. Economic development partners include Memphis Light, Gas and Water, EDGE, City of Memphis, Shelby County and the Memphis…

03.18.21 | Newsroom

NTT Data announced plans to establish its digital innovation center in Nashville, Tennessee

NTT Data, a global IT services provider, announced plans to establish its digital innovation center in Nashville, Tennessee. Plans for the project include creating 350 jobs and investing $9.9 million in the digital delivery center, including a focus on healthcare and manufacturing technology. Economic development partners include Nashville Electric Service, Nashville Area Chamber of Commerce,…

03.17.21 | Newsroom

Royal Canin announced plans to expand operations in Lebanon, Tennessee

Royal Canin, a Mars Petcare brand and global leader in pet health nutrition, announced plans to expand operations in Lebanon, Tennessee. Plans for the project include adding 90 new jobs and investing $200 million to support the company’s future growth. Economic development partners include Middle Tennessee Electric, Joint Economic and Community Development Board of Wilson…

02.3.21 | Newsroom

Electric Vehicle Fast Charging Network Coming to Tennessee

KNOXVILLE, Tenn. ― The Tennessee Valley Authority and the Tennessee Department of Environment and Conservation announced Wednesday they are partnering to develop a statewide electric vehicle fast charging network to power the growth of EVs across Tennessee and reduce barriers to transportation electrification. TDEC and TVA signed an agreement to collaborate and fund a network…

12.9.20 | Newsroom

Confluent Medical plans to locate operations in Chattanooga, Tennessee

Confluent Medical, a manufacturer of high-performance medical tubing, announced plans to locate operations in Chattanooga, Tennessee. The company plans to invest $8.3 million to expand its medical manufacturing capabilities and create 80 new jobs. Economic development partners include EPB, Chattanooga Area Chamber of Commerce, Hamilton County Government, City of Chattanooga and Tennessee Department of Economic…

12.1.20 | Newsroom

Kimberly-Clark plans to expand operations in Corinth, Mississippi

Kimberly-Clark, a leading producer of essential home products, announced plans to expand operations in Corinth, Mississippi. Plans to expand capacity and bring new capabilities to support the company’s growth include adding 33 new jobs and investing $140 million. Economic development partners include Alcorn County Electric Power Association, The Alliance, Alcorn County, City of Corinth, and…

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…

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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...