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.

09.30.25 | Newsroom

BWXT To Expand Operations in Erwin, Tennessee

BWXT, a nuclear energy company, announced plans to expand operations at its Nuclear Fuel Services, Inc. facility in Erwin, Tennessee. Plans for the project include creating 198 new jobs and investing $122 million in the company’s Unicoi County facility as it grows its capabilities in support of national defense needs. Economic development partners include Erwin…

09.29.25 | Newsroom

Jabil Announced Plans to Establish Operations in Marshall County, Mississippi

Jabil, a global manufacturing healthcare solutions provider, announced plans to establish operations in Marshall County, Mississippi. Plans for the project include creating 24 new jobs and investing $70 million in the company’s new facility. Economic development partners include Northcentral Electric Cooperative, Mississippi Development Authority, and Marshall County Board of Supervisors. This project furthers TVA’s mission…

09.24.25 | Newsroom

PolyFlex To Expand Operations in Warren County, Tennessee

PolyFlex, a global packaging manufacturer, announced plans to expand operations in Warren County, Tennessee. Plans for the project include creating 60 new jobs and investing $8 million as the company expands its manufacturing presence, adding a new location in McMinnville. Economic development partners include McMinnville Electric System, the Industrial Development Board of McMinnville-Warren County and…

09.9.25 | Newsroom

Oklo Inc., to Establish Operations in Oak Ridge, Tennessee

Oklo Inc., an advanced nuclear technology company, announced plans to establish operations in Oak Ridge, Tennessee. Plans for the project include creating more than 800 new jobs and investing $1.7 billion, which includes the development of an advanced nuclear fuel recycling facility. This announcement establishes Oklo as the nation’s first privately funded nuclear recycling facility,…

09.5.25 | Newsroom

BuildEx Modular-Tennessee To Establish Operations in Lincoln County, Tennessee

BuildEx Modular-Tennessee, a manufacturer and distributor or high-quality modular housing, announced plans to establish operations in Lincoln County, Tennessee. Plans for the project include 110 new jobs and invest $23 million in the company’s Fayetteville operations. Economic development partners include Fayetteville Public Utilities, Fayetteville Lincoln County Industrial Development Board, Middle Tennessee Industrial Development Association, and…

09.2.25 | Newsroom

MAHLE GmbH Announced Plans to Expand Operations in Hamblen County

MAHLE GmbH, an automotive supplier of electric compressors, announced plans to expand operations in Hamblen County. Plans for the project include investing $10 million and creating 50 new jobs, which will bring the company’s total headcount to nearly 800 people at its Morristown facility. Economic development partners include Morristown Utility System, Morristown Area Chamber of…

08.26.25 | Newsroom

Parsons Corporation to Expand in Huntsville, Alabama

Parsons Corporation, a defense and intelligence contractor, announced plans to expand their presence in Huntsville, AL. Plans for the project include creating 198 new jobs and investing more than $5 million. Economic development partners include Huntsville Utilities, City of Huntsville, Alabama Department of Commerce, and the Huntsville-Madison County Chamber of Commerce. This project furthers TVA’s…

08.25.25 | Newsroom

Performance Drones Works, PDW Announces Expansion in Huntsville, Alabama

Performance Drones Works, PDW, a robotics manufacturer for military and government operations, announced plans to expand its manufacturing operation in Huntsville, AL. Plans for the project include creating 525 new jobs and investing more than $9 million. Economic development partners include Huntsville Utilities, City of Huntsville, Alabama Department of Commerce, and the Huntsville-Madison County Chamber of…

08.22.25 | Newsroom

Hitachi Energy to Expand Operations in Crockett County, Tennessee

Hitachi Energy, a global producer of transformer components and power grid products, announced plans to expand operations in Crockett County, Tennessee. Plans for the project include creating 100 new jobs and investing $97 million in the company’s Alamo facility. Economic development partners include Gibson Electric Membership Corporation, Crockett County Chamber of Commerce, and the Tennessee…

08.7.25 | Newsroom

ValorFlex Holdings to Establish Headquarters in Bowling Green, Kentucky

ValorFlex Holdings, a leader in manufacturing, real estate and energy resource innovation, announced plans to establish headquarter operations in Bowling Green, Kentucky. Plans for the project include creating 25 new jobs and investing more than $6 million in the company’s new corporate headquarters. Economic development partners include Warren RECC, Bowling Green Area Chamber of Commerce,…

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News Index

Siemens Healthineers, a global technology company, announces plans to expand operations in Blount County, Tennessee.

Siemens Healthineers, a global technology company, announced plans to expand operations in Blount County, Tennessee. Plans for the project include creating more than 90 new jobs and investing $43.6 million in the company’s Molecular Imaging PET Detector Center for research and development and material production. Economic Development partners include Maryville Electric Department, the Tennessee Department of Economic and Community...

Dometic, a global outdoor technology company, announces plans to expand operations in Sparta, Tennessee.

Dometic, a global outdoor technology company, announced plans to expand operations in Sparta, Tennessee. Plans for the project include creating more than 90 new jobs at its White County manufacturing facility. Economic development partners include Sparta Electric & Public Works, the Highlands Economic Partnership, the Tennessee Department of Economic and Community Development, and TVA. This project furthers...

Solero Technologies, a leading global automotive supplier, announces plans to expand operations in Water Valley, Mississippi

Solero Technologies, a leading global automotive supplier, announced plans to expand operations in Water Valley, Mississippi. Plans for the project include creating 86 new jobs and investing $14 million to upgrade and add new lines at the company’s Yalobusha County operations. Economic development partners include Water Valley Utilities Commission, the city of Water Valley, Yalobusha County Economic Development District,...