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.

02.11.26 | Newsroom

Spartan Composites Announces Plans to Establish Operations in Saltillo, Mississippi

Spartan Composites, an advanced composite materials manufacturer, announced plans to establish operations in Saltillo, Mississippi. Plans for the project include creating 45 new jobs and investing $49 million in the company’s Lee County location. Economic development partners include Mississippi Development Authority, Tombigbee Electric Power Association, and the Community Development Foundation. This project furthers TVA’s mission…

01.26.26 | Newsroom

Centrus to Expand in Oak Ridge, Tennessee

Centrus, the only uranium enrichment centrifuge manufacturing facility in the U.S., announced plans to expand operations in Oak Ridge, Tennessee. Plans for the project include creating 430 new jobs and investing more than $560 million to support large-scale restoration of uranium enrichment capability. Economic development partners include Oak Ridge Electric Department, the Tennessee Department of…

01.20.26 | Newsroom

Heil Trailer International Plans to Expand Operations in Athens, Tennessee

Heil Trailer International, a global manufacturer of specialty transport trailers, announced plans to expand operations in Athens, Tennessee. Plans for the project include creating 18 new jobs and investing $9.8 million following the securement of a U.S. Department of the Army contract for the company’s Tactical Fuel Distribution System. Economic development partners include the Athens…

01.20.26 | Newsroom

ALUKO Group Announces New Operations in Halls, Tennessee

ALUKO Group, a South Korean aluminum manufacturer, announced plans to establish operations in Halls, Tennessee. Plans for the project include creating 285 new jobs and investing $108 million in the Lauderdale County manufacturing facility. Economic development partners include Ripley Power & Light, Lauderdale County Economic and Community Development, Lauderdale County, and the Tennessee Department of…

01.16.26 | Newsroom

Laser Isotope Separation Technologies (LIS) to Expand Operations in Oak Ridge, Tennessee

Laser Isotope Separation Technologies (LIS), a U.S. laser enrichment technology developer, announced plans to expand operations in Oak Ridge, Tennessee. Plans for the project include creating 203 new jobs and investing $1.3 billion, becoming the first U.S. origin commercial laser uranium enrichment plant in the world, supporting U.S. utilities, next-generation reactor developers, and national defense…

12.23.25 | Newsroom

Korea Zinc to Establish First U.S. Operations in Clarksville, Tennessee

Korea Zinc, the world’s leading comprehensive nonferrous metal manufacturer, announced plans to establish the company’s first U.S. operations in Clarksville, Tennessee. Plans for the project include creating 420 new jobs and investing more than $6 billion in the company’s facilities, representing the largest single private corporate investment made in Tennessee history. Economic development partners include…

12.18.25 | Newsroom

AFKA Aluminum Solutions to Establish Operations in Bowling Green, Kentucky

AKFA Aluminum Solutions, a full-cycle aluminum production company, announced plans to establish operations in Bowling Green. Plans for the project include creating 331 new jobs. This announcement marks the first Uzbekistani company to establish manufacturing operations in the U.S. Economic development partners include the Bowling Green Area Chamber of Commerce, Kentucky Cabinet for Economic Development…

12.17.25 | Newsroom

T.RAD North America Announces Plans to Establish Operations in Montgomery County

T.RAD North America, a global radiator manufacturer, announced plans to establish operations in Montgomery County. Plans for the project include creating 930 new jobs and investing $90 million in the company’s Clarksville operations. Economic development partners include Cumberland Electric Membership Corporation, the Tennessee Department of Economic and Community Development, and the Clarksville, Montgomery County Industrial…

12.15.25 | Newsroom

Kroger Establishes Operations in Franklin, Kentucky

Kroger, a leading U.S. grocer, announced plans to establish operations in Franklin, Kentucky. Plans for the project include creating 430 new jobs and investing $391 million in the company’s distribution center. Economic development partners include Warren RECC, Franklin-Simpson Industrial Authority, and the Kentucky Cabinet for Economic Development. This project furthers TVA’s mission of service to…

12.10.25 | Newsroom

Eli Lilly Announces Plans to Establish Operations in Huntsville, Alabama

Eli Lilly, a leading pharmaceutical company, announced plans to establish operations in Huntsville, Alabama. Plans for the advanced manufacturing facility include creating 450 new quality jobs and investing $6 billion, which represents the largest initial investment in the state’s history. Economic development partners include Alabama Department of Commerce, Athens Utilities, Huntsville-Madison County Chamber of Commerce,…

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News Index

Aluminum Dynamics, an aluminum recycling and manufacturing company announces plans to develop a recycled aluminum slab center in Lowndes County, Mississippi.

Aluminum Dynamics, an aluminum recycling and manufacturing company announced plans to develop a recycled aluminum slab center in Lowndes County, Mississippi. Plans for the project include creating 100 new jobs and investing more than $200M in the company’s operations. Economic development partners include 4-County EPA, Mississippi Development Authority, Golden Triangle Development LINK, and TVA. This project furthers TVA’s mission of service to help improve the quality of life for...

TRISO-X, a nuclear fuel company, announces plans to expand operations in Roane County, Tennessee.

TRISO-X, a nuclear fuel company, announced plans to expand operations in Roane County, Tennessee. The companyplans to create 1,140 new jobs and invest hundreds of millions of dollars in the new fuel facility, research and development center. Economic development partners include City of Oak Ridge Electric Department, Tennessee Department of Economic and Community Development, U.S. Department of Energy, East Tennessee Economic Development Agency, Roane County,...

Jabil, a global engineering, supply chain and manufacturing solutions provider, announced plans to open a new facility in Marshall County, Mississippi.

Jabil, a global engineering, supply chain and manufacturing solutions provider, announced plans to open a new facility in Marshall County, Mississippi. The company plans to create approximately 2,200 new jobs and invest more than $119 million in its operations. Economic development partners include Northcentral Electric Cooperative, Mississippi Development Authority, Marshall County Industrial Development Authority, Accelerate MS, and TVA. This project...