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.

02.26.24 | Newsroom

Rich Products Expands Operations in Hamblen County, Tennessee

Rich Products, a global family-owned food company, announced plans to expand operations in Hamblen County, Tennessee. Plans for the project include creating 51 new jobs and investing $27 million at its Morristown manufacturing facility. Economic development partners include Morristown Utility Systems, Morristown Chamber and the Tennessee Department of Economic and Community Development. This project furthers…

02.22.24 | Newsroom

Shoals Technologies to Expand Operations in Sumner County, Tennessee

Shoals Technologies, a leading electrical balance of systems provider for solar and energy storage, announced plans to expand operations in Sumner County, Tennessee. Plans for the project include creating 550 new jobs and investing $80 million in the company’s Portland facility. Economic development partners include Cumberland Electric Membership Corporation, City of Portland and the Tennessee…

02.13.24 | Newsroom

Armada Nutrition LLC Announces Plans to Expand Operations in Maury County, Tennessee

Armada Nutrition LLC, a leading manufacturer of nutritional powder production, announced plans to expand operations in Maury County, Tennessee. Plans for the project include creating 50 new jobs and investing $5 million in the company’s Spring Hill facility. Economic development partners include Middle Tennessee Electric, Tennessee Department of Economic and Community Development, Middle Tennessee Industrial…

02.1.24 | Newsroom

Snap-On Incorporated to Expand Operations in Carter County, Tennessee

Snap-on Incorporated, a hand tool manufacturer, announced plans to expand operations in Carter County, Tennessee. Plans for the project include creating 50 new jobs and investing $44 million to support capacity at the company’s Elizabethton facility. Economic development partners include Elizabethton Electric, City of Elizabethton, and the Tennessee Department of Economic and Community Development. This…

01.18.24 | Newsroom

Accelera by Cummins, Daimler Trucks and PACCAR Announce Joint Venture for New Facility in Marshall County, Mississippi

Accelera by Cummins, Daimler Trucks & Buses and PACCAR, announced a new joint venture with plans to establish an advanced battery cell production facility in Marshall County, Mississippi. Plans for the impactful project include creating 2,000 new quality jobs and investing $1.9 billion to produce battery cells for electric commercial vehicles and industrial applications. Economic…

01.12.24 | Newsroom

Unitech North America to Establish its First U.S. Manufacturing Operations in Warren County

Unitech North America, a leading adhesive manufacturer, announced plans to establish its first US manufacturing operations in Warren County, Tennessee. Plans for the project include creating 75 new jobs and invest $30 million in the Morrison facility. Economic development partners include Caney Fork Electric Cooperative, the Industrial Development Board of McMinnville-Warren County, Inc., and the…

01.10.24 | Newsroom

Baltimore Aircoil Announces Plans to Expand in Rhea County

Baltimore Aircoil, a cooling equipment manufacturer, announced plans to expand operations in Rhea County. Plans for the project include creating 63 new jobs and investing $16.5 million in its Dayton manufacturing facility. Economic development partners include Dayton Electric Department, Rhea Economic & Tourism Council, Rhea County Government, City of Dayton and the Tennessee Department of…

12.15.23 | Newsroom

NewBasis LLC to Establish Operations in Wilson County

NewBasis, LLC, a fiberglass and polymer manufacturer, announced plans to establish operations in Wilson County. Plans include creating 249 new jobs and $16 million through the company’s Lebanon project. Economic development partners include Middle Tennessee Electric, Joint Economic Development Board of Wilson County and the Tennessee Department of Economic and Community Development. This project furthers…

12.14.23 | Newsroom

Xxentria Technology Materials Co. Plans to Establish its First U.S. Facility in Mt. Pleasant, Tennessee.

Xxentria Technology Materials Co., a metal composite material manufacturer, announced plans to establish its first U.S. facility in Mt. Pleasant, Tennessee. Plans for the project include creating 85 new jobs and investing $45 million in its Maury County facility. Economic development partners include Mt. Pleasant Power System, Maury Alliance, Middle Tennessee Industrial Development Association, and…

12.13.23 | Newsroom

Custom Foods of America Inc. Announces Plans to Expand Operations in Knox County

Custom Foods of America Inc., a food manufacturer and supplier, announced plans to expand operations in Knox County. Plans for the project include creating 249 new jobs and invest $51 million in the company’s Knoxville manufacturing and distribution facility. Economic development partners include Knoxville Utilities Board, Knox County mayor’s office, Knox County Commission, City of…

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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...