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.

02.24.20 | Newsroom

CMC Steel Tennessee plans to expand operations in Knoxville

CMC Steel Tennessee, a metals manufacturer, announced plans to expand operations in Knoxville. Plans for the project include investing $27 million in the facility and the addition of 9 new jobs. Economic development partners include Knoxville Utilities Board and the Knoxville Chamber.

02.11.20 | Newsroom

Genesco plans to expand the company’s Nashville headquarters operations

Genesco, a leading retailer and wholesaler of footwear, apparel and accessories, announced plans to expand the company’s Nashville headquarters operations. Plans for the project include adding 60 new jobs to the existing workforce of more than 750, and investing $31 million in the Davidson County facility. Economic development partners include Nashville Electric Service, Nashville Area…

02.3.20 | Newsroom

JCF Housements plans to locate in Fayetteville, Tennessee

JCF Housements, a premier housing manufacturer, announced plans to locate in Fayetteville, Tennessee. Plans for the project include creating 250 new jobs and investing $10 million. The company will operate in Fayetteville-Lincoln County’s newest speculative building, an 80,000 sq ft facility funded in part through TVA Economic Development’s InvestPrep program. Economic development partners include Fayetteville…

02.3.20 | Newsroom

Tokai Carbon GE LLC plans to expand operations in Hickman, Kentucky

Tokai Carbon GE LLC, a manufacturer of graphite electrodes for the US steel industry, announced plans to expand operations in Hickman, Kentucky. Plans for the project include creating 15 new jobs and investing $25 million. Economic development partners include Gibson Electric Membership Corporation, Kentucky Cabinet of Economic Development and the Fulton-Hickman Counties Economic Development Partnership.

01.27.20 | Newsroom

Amazon plans to locate its newest, high-tech fulfillment center in Memphis, Tennessee

Amazon, a leading global electronic commerce and cloud computing company, announced plans to locate its newest, high-tech fulfillment center in Memphis, Tennessee. Plans for the project include the creation of 1,000 new, quality jobs (*and $200 million in capital investment). This site will be the first in Tennessee to utilize innovative Amazon Robotics technology. Economic…

01.22.20 | Newsroom

Ajinomoto Foods North America Inc. plans to expand operations in Oakland, Mississippi

Ajinomoto Foods North America Inc., a leading manufacturer in the frozen food industry, announced plans to expand operations in Oakland, Mississippi. Plans for the project include investing $27.3 million to increase capacity. Economic development partners include Tallahatchie Valley EPA, Mississippi Development Authority, Yalobusha County, City of Oakland, and Yalobusha Industrial Development Board. This project helps…

01.21.20 | Newsroom

MINTH Group plans to expand operations in Lewisburg, Tennessee

MINTH Group, a leading designer and manufacturer of structural body, trim and decorative parts for the automotive industry, announced plans to expand operations in Lewisburg, Tennessee. Plans for the project include the creation of 250 new jobs, and the construction of an additional 230,000 square foot facility to support the company’s additional production. Economic development…

01.17.20 | Newsroom

Adient plans to expand operations in Henderson County, Tennessee

Adient, a leading automotive seating manufacturer, announced plans to expand operations in Henderson County, Tennessee. Plans for the project include the creation of 330 new jobs and $23.5 million in the Lexington facility. Economic development partners include Lexington Electric System, City of Lexington, Henderson County, Lexington-Henderson County Industrial Development Board, and Tennessee Department of Economic…

01.17.20 | Newsroom

Adient to expand in Lexington, TN

Adient, an automotive seating supplier, announced plans to expand production at its Lexington, Tennessee facility. Plans for the project include the creation of 200 new jobs and $10.8 million in capital investment.

01.14.20 | Newsroom

Accenture plans to expand operations in Nashville, Tennessee

Accenture, a global professional services company, specializing in consulting, technology and operations, announced plans to expand operations in Nashville, Tennessee. Plans for the project include the creation of 165 new jobs. Economic development partners include Nashville Electric Service, Nashville Area Chamber of Commerce and Metropolitan Government of Nashville and Davidson County and Tennessee Department of…

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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...

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...

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...