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.

03.22.21 | Newsroom

Choate Engineering Performance announced plans to establish operations in Hardeman County, Tennessee

Choate Engineering Performance, a manufacturer of engines and components for the automotive industry, announced plans to establish operations in Hardeman County, Tennessee. Plans for the project include investing $8 million and creating 100 jobs at the Bolivar facility. Economic development partners include Bolivar Energy Authority, City of Bolivar, Bolivar Industrial Development Board, Hardeman County and…

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…

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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...