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.

03.20.24 | Newsroom

Vulcan Thermal to Establish Presence in Surgoinsville, Tennessee

Vulcan Thermal, a heat treatment company, announced plans to establish operations in Surgoinsville, Tennessee. The company’s plans for the project include creating 30 new jobs and investing $5 million in the Hawkins County manufacturing facility. Economic development partners include Holston Electric Cooperative, Hawkins County Industrial Development Board, Networks Sullivan Partnership and the Tennessee Department of…

03.18.24 | Newsroom

Schneider Electric Announces Plans to Expand Operations in Middle Tennessee

Schneider Electric, a global leader in energy management and automation, announced plans to expand operations in Middle Tennessee. Plans for the projects include creating 355 new jobs in Mt. Juliet and adding 100 new jobs at the company’s Smyrna location. Combined, both projects represent a total planned investment of $85 million to support increased production…

03.7.24 | Newsroom

INTOCAST Announces its First U.S. Facility in Huntingdon, Tennessee

INTOCAST, a global manufacturer and marketer of refractory products, announced plans to establish its first U.S. operations in Huntingdon, Tennessee. Plans for the project include creating 100 new jobs and investing $15 million in the company’s Carroll County mega-class facility. Economic development partners include Carroll County Electric Department, the Tennessee Department of Economic and Community…

03.6.24 | Newsroom

Cast Products Expands Operations in Athens, Alabama

Cast Products, a legacy cast aluminum component manufacturer, announced plans to expand operations in Athens, Alabama retaining 200 jobs and adding 14 more. Plans for the $6.7 million expansion are to add a 30,000 square-foot facility and an automated state-of-the-art aluminum foundry. Economic development partners include Athens Utilities, the City of Athens, Limestone County Economic…

02.27.24 | Newsroom

Flexco Products Announces Manufacturing and Distribution Facility in Lawrenceburg, Tennessee

Flexco Products of Tennessee, LLC, a tubing and fabrication manufacturer announced plans to establish operations in Lawrenceburg, Tennessee. Plans for the project include creating 60 new jobs and investing $17.5 million to support production at the company’s manufacturing and distribution facility. Economic development partners include Lawrenceburg Utility Systems, Lawrence County Chamber of Commerce, Middle Tennessee…

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…

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News Index

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...