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.

06.30.25 | Newsroom

Little Leaf Farms to Establish Tennessee Greenhouse in Coffee County

Little Leaf Farms, a producer of packaged leafy greens, announced plans to establish its first Tennessee greenhouse in Coffee County. Plans for the project include creating 318 new jobs and investing nearly $75 million in the company’s state-of-the-art growing and manufacturing facilities. Economic development partners include Duck River Electric Membership Corporation, Industrial Board of Coffee…

06.20.25 | Newsroom

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…

05.14.25 | Newsroom

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…

05.12.25 | Newsroom

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…

05.2.25 | Newsroom

Troax Group to Locate Operations in Portland, Tennessee

Troax Group, a wire mesh safety solutions manufacturer, announced plans to locate operations in Portland, Tennessee. Plans for the project include creating 120 new jobs and investing $23 million in the company’s Robertson County operations. Economic development partners include Cumberland Electric Membership Corporation, the City of Portland, Robertson County and the Tennessee Department of Economic…

04.15.25 | Newsroom

BWXT Enrichment Operations, LLC To Establish Operations in Oak Ridge, Tennessee

BWXT Enrichment Operations, LLC, a manufacturer of centrifuge assemblies, announced plans to establish operations in Oak Ridge, Tennessee. Plans for the project include creating 60 new jobs and investing $45 million to support the company’s long-term plan to support fuel production for the National Nuclear Security Administration’s defense program. Economic development partners include City of…

03.31.25 | Newsroom

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…

03.20.25 | Newsroom

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…

03.17.25 | Newsroom

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…

03.3.25 | Newsroom

ABB Electrification to Expand Operations in McNairy County, Tennessee

ABB Electrification, an electrical distribution equipment manufacturer, announced plans to expand operations in McNairy County, Tennessee. Plans for the project include creating 50 new jobs and investing $76 million in the company’s Selmer facility. Economic development partners include Pickwick Electric, McNairy County Industrial Development Board and the Tennessee Department of Economic and Community Development. This…

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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...