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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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10.14.20 | Newsroom

Reliance Worldwide Corporation plans to construct a new distribution facility in Cullman, Alabama

Reliance Worldwide Corporation, a global provider of water control systems and plumbing solutions for domestic, commercial, industrial applications, announced plans to construct a new distribution facility in Cullman, Alabama.  Plans for the project include creating 130 new jobs and investing $24 million.  Economic development partners include Cullman Electric Cooperative, Cullman Economic Development Agency, Alabama Department…
10.8.20 | Newsroom

Material Bank plans to locate operations in Olive Branch, Mississippi

Material Bank, the world’s largest material marketplace in the architecture, design and construction industry, announced plans to locate operations in Olive Branch, Mississippi. Plans for the distribution center include creating 300 jobs and investing $14.5 million to support the company’s growth. Economic development partners include Northcentral Electric Cooperative, city of Olive Branch, DeSoto County, DeSoto…
10.8.20 | Newsroom

Teknor Apex plans to expand operations in Brownsville, Tennessee

Teknor Apex, a global custom compound solutions provider, announced plans to expand operations in Brownsville, Tennessee. Plans for the project include creating 20 new jobs and investing $7.4 million to increase the company’s scope of products being produced at the Haywood County facility. Economic development partners include Brownsville Energy Authority, HTL Advantage, Brownsville-Haywood County Industrial…
10.7.20 | Newsroom

GEDIA Automotive Group plans to locate operations in Dalton, Georgia

GEDIA Automotive Group, a global advanced manufacturer for the automotive industry, announced plans to locate operations in Dalton, Georgia. Plans for the advanced manufacturing facility include creating 200 new jobs and $85 million in capital investment to produce components for electric vehicles. Economic development partners include North Georgia Electric Membership Corporation, Dalton-Whitfield County Joint Development…
10.6.20 | Newsroom

Nippon Express, USA plans to locate operations on the campus of Mazda-Toyota Manufacturing in Huntsville, Alabama

Nippon Express, USA, a supply chain services, company announced plans to locate operations on the campus of Mazda-Toyota Manufacturing in Huntsville, Alabama.  Plans for the project include creating 101 new jobs and investing $19 million to construct a new facility.  Economic development partners include City of Athens Electric Department, Huntsville-Madison County Chamber of Commerce, Limestone…
10.2.20 | Newsroom

Moldex-Metric, Inc. plans to locate operations in Wilson County, Tennessee

Moldex-Metric, Inc., a leading manufacturer of N95 respirators, announced plans to locate operations in Wilson County, Tennessee. Plans for the manufacturing operations include creating 200 new jobs and investing $25 million to meet market demand. Economic development partners include Middle Tennessee Electric, Joint Economic Development Board of Wilson County and Tennessee Department of Economic and…
09.28.20 | Newsroom

Mission Forest Products plans to locate operations in Corinth, Mississippi

Mission Forest Products, a producer of high-quality dimensional lumber products, announced plans to locate operations in Corinth, Mississippi. Plans for the state-of-the-art pine sawmill include $160 million capital investment and 130 new jobs with additional economic and employment opportunities for forest product firms in the region. Economic development partners include Alcorn County Electric Power, The…
09.28.20 | Newsroom

Torch Technologies plans to expand operations in Huntsville, Alabama

Torch Technologies, a technical services and solutions company, announced plans to expand operations in Huntsville, Alabama.  Plans for the project include creating 120 new jobs and investing $32.3 million to construct new lab, office, and manufacturing space.  Economic development partners include Huntsville Utilities, Huntsville-Madison County Chamber of Commerce, and the Alabama Department of Commerce.
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News Index

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...

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Underground Solutions, Inc. announces plans to establish operations in Batesville, Mississippi.

Underground Solutions, Inc., an infrastructure technology company, announced plans to establish operations in Batesville, Mississippi. The company plans to invest $80 million in the manufacturing facility and create 50 new jobs. Economic development partners include Tallahatchie Valley Electric Power Association, Panola Partnership, Mississippi Development Authority and TVA. This project furthers TVA’s mission of service to help improve the...

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Light Electric Vehicles announces plans to establish operations in Algood, Tennessee.

Light Electric Vehicles (LEV), an electric bicycle manufacturer, announced plans to establish operations in Algood, Tennessee. Plans for the project include creating 288 new jobs and investing $7 million in the company’s Putnam County production and distribution facility. Economic development partners include Upper Cumberland Electric Membership Corporation, the Tennessee Department of Economic and Community Development, Highlands Economic Partnership, Putnam County...

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