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.

06.26.19 | Newsroom

Hematite Inc. opens second U.S. production facility in Fayetteville, Tenn.

May 13, 2019 – Hematite Inc., a Canadian automotive supplier, announced plans to establish a production facility in Fayetteville, Tennessee. Plans for the project include $11.5 million in capital investment and the creation of 70 new jobs at the company’s second U.S. facility. Economic development partners include Fayetteville Public Utilities, Fayetteville Lincoln County Industrial Development…

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Howmet Aerospace Inc., Announces Expansion in Morristown, Tennessee

Howmet Aerospace Inc., an international aerospace company, announced plans to expand operations in Morristown, Tennessee. Plans for the project include creating 217 new jobs at the company’s Hamblen County facility. Economic development partners include Morristown Utilities, the Morristown Area Chamber of Commerce, and the Tennessee Department of Economic and Community Development. This project furthers TVA’s...

Hyosung HICO to Expand Operations in Memphis, Tennessee

Hyosung HICO, a power transformer manufacturer, announced plans to expand operations in Memphis, Tennessee. Plans for the project include creating 120 new jobs and investing $51 million in the company’s U.S. manufacturing headquarters. Economic development partners include Memphis Light Gas and Water, the Greater Memphis Chamber, Memphis Shelby County EDGE and the Tennessee Department of...

GE Aerospace Announces Plans to Expand Operations in Batesville, Mississippi

GE Aerospace, an aerospace and defense company, announced plans to expand operations in Batesville, Mississippi. Plans for the project include creating 100 new jobs and investing $11 million as the company increases production at the Panola County site. Economic development partners include Tallahatchie Valley Electric Power Association, Panola Partnership, and the Mississippi Development Authority. This...