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.

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…

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…

12.4.23 | Newsroom

Genera Announces Plans to Expand Operations in Monroe County, Tennessee

Genera, a sustainable fiber and biomaterials company, announced plans to expand operations in Monroe County, Tennessee. Plans for the project include creating more than 230 new jobs and investing $350 million in the agri-tech company’s Vonore facility. Economic development partners include Fort Loudoun Electric Cooperative, Monroe County mayor’s office, Monroe County Commission, Monroe County Economic…

11.28.23 | Newsroom

Axle Logistics Announces Plans to Expand Operations in Knoxville, Tennessee

Axle Logistics, LLC, a Tennessee-based, third-party logistics company, announced plans to expand operations in Knoxville. Plans for the project include creating more than 650 new jobs and investing nearly $38 million in the company’s Knoxville headquarters. Economic development partners include Knoxville Utilities Board, Knox County mayor’s office, Knox County Commission, Knox County Industrial Development Board,…

11.16.23 | Newsroom

Summit Behavioral Health Announces Plans to Expand Operations in Williamson County.

Summit Behavioral Health , a national provider of behavioral health treatment services, announced plans to expand operations in Williamson County. Plans for the project include creating 125 new jobs and investing $4.5 million in the company’s Franklin headquarters. Economic development partners include Middle Tennessee Electric, Williamson Inc., and the Tennessee Department of Economic and Community…

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...