Economic Development News & Announcements

Richardson Molding announced plans to expand in Philadelphia, MS

Richardson Molding, a plastic injection molding specialist, announced plans to expand its Philadelphia, Mississippi operations to accommodate a significant increase in product demand. The company’s plans for growth include creating 50 new jobs at its Mississippi location, which employs 135 people currently.

England, Inc. to expand in New Tazewell, TN

England, Inc., a quality furniture manufacturer, announced plans to expand in New Tazewell, Tennessee. Plans for the project include the creation of more than 200 jobs and $31 million in capital investment in the Claiborne County facility.

Cooper Tire & Rubber plans to locate its largest distribution center in the U.S. to Marshall County, MS

Cooper Tire & Rubber Company, a global company specializing in design, manufacturing and marketing of tires, announced plans to locate its largest distribution center in the U.S. to Marshall County, Mississippi. Plans for the project represent $50.5 million investment, creating 100 new jobs.

Asurion to open new HQ in Nashville

Asurion, LLC, a global technology company and one of Nashville’s largest employers, announced plans to consolidate operations into a new corporate headquarters in Nashville. Plans for the project including retaining over 2,000 employees, creating 400 new jobs and investing $200 million.

Delek US Holdings Inc. announced plans to expand its HQ in Brentwood, TN

Delek US Holdings Inc., announced plans to expand its headquarters in Brentwood, Tennessee. Plans for the expansion project include $4 million in capital investment and the creation of 175 new jobs.

Novelis plans new location in Todd County, KY

Novelis, a global aluminum manufacturer, announced plans for a new location in Todd County, Kentucky. Plans for the new plant include 125 advanced manufacturing jobs and $305 million investment.

Valley Sustainable Communities

TVA Economic Development Efforts Drive Strong Results in FY 2017

The Tennessee Valley Authority announced another successful year in economic development activity by stimulating $8.3 billion in capital investment and growing or retaining 70,000 jobs in the TVA service territory in fiscal year 2017. More than 220 companies announced plans to locate to the Valley or expand existing operations in FY17, while boosting economic growth…

How Green Is Our Valley?

There’s no doubt about it: Sustainability is hot. In a recent survey on the subject, a full 90 percent of corporate real estate executives indicated that sustainability is an important consideration in their clients’ location decisions. Communities that actively embrace sustainability are viewed as more progressive and competitive than those that don’t. That’s why all…

LG Electronics to locate its new U.S. manufacturing operation in Montgomery County, TN

LG Electronics a global electronics and appliance company, announced plans to locate its new U.S. manufacturing operation in Montgomery County, Tennessee. The facility will be LG’s first washing machine manufacturing facility in the United States. The project plans to create 600 new jobs and $250 million in capital investment.