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

VP Racing Fuels to create 40 new jobs, invest $4.6 million in Carroll County, Tenn.

March 1, 2019 – VP Racing Fuels, a race fuel manufacturer and distributor, announced plans to create 40 new jobs and invest approximately $4.6 million in Carroll County, Tennessee. Economic development partners include Carroll County Electric Department, Carroll County Chamber of Commerce, Tennessee Department of Economic and Community Development, Carroll County and City of Huntingdon.

06.26.19 | Newsroom

JNJ Express to expand Memphis, Tennessee headquarters

March 1, 2019 – Transportation company, JNJ Express, announced plans to expand its headquarters in Memphis, Tennessee. Plans for the project include the creation of 610 new jobs and $83.6 million in capital investment. Economic development partners include Memphis Light Gas and Water, Tennessee Department of Economic and Community Development, Greater Memphis Chamber, EDGE, City…

06.26.19 | Newsroom

The ICEE Company to locate headquarters in La Vergne, Tennessee

March 1, 2019 – The ICEE Company, a leader and innovator in the frozen beverage industry, announced plans to establish its headquarters in La Vergne, Tennessee. Plans for the project include the creation of 200 new jobs, and investing $10.3 million. Economic development partners include Nashville Electric Service, Tennessee Department of Economic and Community Development,…

06.26.19 | Newsroom

Integrity Tool and Mold breaks ground on Pulaski, Tennessee facility

February 25, 2019 – Integrity Tool and Mold, an international automotive supplier, broke ground on its new facility in Pulaski, Tennessee. Plans for the Canadian-based company’s project include creating more than 80 jobs and $18 million in capital investment. Economic development partners include Pulaski Energy Systems and Giles County Economic Development Commission.

06.26.19 | Newsroom

Togo North America, Inc. announces Portland, Tennessee location

February 21, 2019 – Togo North America Inc., an international producer of automotive parts, announced plans to establish a new facility in Portland, Tennessee. Plans for the new location include creating 58 new jobs and investing $11.4 million. Economic development partners include Cumberland Electric Membership Corporation, Tennessee Department of Economic and Community Development, City of…

06.26.19 | Newsroom

Arconic to expand Alcoa, Tennessee operations

February 14, 2019 – Arconic, a manufacturer of industrial and automotive product, and a direct serve customer of TVA, announced plans to expand its Alcoa, Tennessee operations. Plans for the project include adding 133 new jobs to the company’s 928 current employment, $100 million in investment and adding 10 MW of new load bringing the…

06.26.19 | Newsroom

FedEx Logistics to move headquarters to downtown Memphis

February 13, 2019 – FedEx Logistics announced plans to move its headquarters to downtown Memphis. The FedEx hub in Memphis is the largest sorting facility in the FedEx Express global network. Plans for the new location include the creation of 689 jobs, in addition to the 30,000 currently employed and investing $44 million. Economic development…

06.26.19 | Newsroom

OFS Brands Holdings to expand operations in Grayson, Kentucky

OFS Brands Holdings, Inc., a furniture manufacturer for office healthcare, education and hospitality sectors, announced plans to expand operations in Grayson, Kentucky. Plans for the project include investing $1 million, and adding 105 new jobs. Economic development partners include Warren Rural Electric Cooperative Corporation, Kentucky Cabinet for Economic Development, and Leitchfield-Grayson County Industrial Development Corporation.

06.26.19 | Newsroom

Corelle Brands to open facility in Marshall County, Mississippi

January 25, 2019 – Corelle Brands LLC, a leading manufacturer and marketer of houseware brands, announced plans to open a facility in Marshall County, Mississippi. Plans for the manufacturing and distribution operation include creating 400 new jobs and investing $27.7 million. Economic development partners include Chickasaw Electric, Mississippi Development Authority, Marshall County Industrial Development Authority,…

06.26.19 | Newsroom

Volkswagen to expand operations in Chattanooga, Tennessee

January 14, 2019 – Volkswagen, a leading global automotive manufacturer, announced plans to expand operations at its Chattanooga, Tennessee facility. Plans for the project include 1,000 new jobs, $800 million investment, with the potential to add approximately 20 MW of new load, to produce the company’s first electric vehicle in North America. Economic development partners…

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News Index

Shinsung ST USA To Establish Operations in Simpson County, Kentucky

Shinsung ST USA, a leading innovator in energy storage solutions, announced plans to establish operations in Simpson County. Plans for the project include creating 100 new jobs and investing $53 million in the Franklin manufacturing operations. Economic development partners include Warren RECC, Franklin-Simpson County Industrial Development Authority and the Kentucky Cabinet for Economic Development. This...

Barrett Firearms Manufacturing, Inc., To Expand Operations in Rutherford County

Barrett Firearms Manufacturing, Inc., a firearm and ammunition manufacturer, announced plans to expand operations in Rutherford County. Plans for the project include creating 183 new jobs and investing more than $76 million in the company’s new headquarters and state-of-the-art manufacturing facility. Economic development partners include Middle Tennessee Electric, Rutherford County Chamber of Commerce, and the...

CG Model Tek LLC to Establish Operations in Tullahoma, Tennessee

CG Model Tek LLC, an aerospace modeling and manufacturing company, announced plans to establish operations in Tullahoma, Tennessee. Plans for the project include creating 32 new jobs and investing $4.5 million in the company’s Coffee County facility. Economic development partners include Tullahoma Utilities Board, Industrial Board of Coffee County, Tullahoma Chamber of Commerce, Middle Tennessee...