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.

04.26.24 | Newsroom

Avancez Plans Expansion at Ford’s BlueOval City Supplier Park in Haywood County

Avancez, an automotive supplier, announced plans to establish operations at Ford’s BlueOval City Supplier Park. Plans for the project include creating 500 new jobs and investing $54 million in the company’s Haywood County assembly operations. Economic development partners include Southwest Tennessee Electric Membership Corporation, the Tennessee Department of Economic and Community Development, Haywood County, and…

04.25.24 | Newsroom

Greenheck Group to Grow Roots in Knoxville, Tennessee

Greenheck Group, a manufacturer of industrial ventilation equipment, announced plans to establish operations in Knoxville, Tennessee. Plans for the project include creating 440 new jobs and investing $300 million in the company’s corporate campus. Economic development partners include Knoxville Utilities Board, Knox County, City of Knoxville, Knoxville Chamber, Industrial Development Board of Knox County, East…

04.24.24 | Newsroom

Firestone Industrial Products to Expand in Dyersburg, Tennessee

Firestone Industrial Products, a subsidiary of Bridgestone Americas, announced plans to expand operations in Dyersburg, Tennessee. Plans for the project include creating 40 new jobs and investing $8.9 million to expand manufacturing and distribution at its Firestone Airide facility. Economic development partners include Dyersburg Electric, City of Dyersburg, Dyer County, Dyersburg Dyer County Chamber of…

04.23.24 | Newsroom

Protomet Corporation Unveils Expansion Plans in Roane County

Protomet Corporation, an engineering and technology company, announced plans to establish operations in Roane County, Tennessee. Plans for the project include creating 250 new jobs and investing $25 million in the Rockwood operations, expanding the company’s footprint in East Tennessee. Economic development partners include Rockwood Electric Utility, the Roane Alliance, Roane County, City of Rockwood…

04.10.24 | Newsroom

Corky’s Food Manufacturing LLC Expands Footprint in Shelby County

Corky’s Food Manufacturing, LLC, announced plans to expand operations in Shelby County. Plans for the project include creating 30 new jobs and investing $4 million in the company’s Memphis manufacturing facility. Economic development partners include Memphis Light, Gas and Water, the Tennessee Department of Economic and Community Development, the Memphis Chamber, Memphis and Shelby County…

03.28.24 | Newsroom

Expansion Ahead for Bridgetown Natural Foods in Wilson County

Bridgetown Natural Foods, an innovative and sustainable food producer, announced plans to establish operations in Wilson County. The company plans to create 220 new jobs and invest $78 million to locate manufacturing and distribution operations in Lebanon, Tennessee. Economic development partners include Middle Tennessee Electric, the Joint Economic and Community Development Board of Wilson County…

03.27.24 | Newsroom

Landmark Ceramics UST Inc. Plans Maury County Expansion

Landmark Ceramics, UST, Inc., an American tile manufacturer, announced plans to expand operations in Maury County. The company plans to create 78 new jobs and invest $72 million in its Mt. Pleasant facility. Economic development partners include Mt. Pleasant Power System, the Tennessee Department of Economic and Community Development, Middle Tennessee Industrial Development Association, and…

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…

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News Index

Eli Lilly Announces Plans to Establish Operations in Huntsville, Alabama

Eli Lilly, a leading pharmaceutical company, announced plans to establish operations in Huntsville, Alabama. Plans for the advanced manufacturing facility include creating 450 new quality jobs and investing $6 billion, which represents the largest initial investment in the state’s history. Economic development partners include Alabama Department of Commerce, Athens Utilities, Huntsville-Madison County Chamber of Commerce,...

Toyota to Expand its U.S. Manufacturing Presence in Jackson, Tennessee and Blue Springs, Mississippi

Toyota, a global automotive manufacturer, announced plans to expand its U.S. manufacturing presence, including two locations within TVA’s footprint. Toyota announced plans to invest $125 million in the company’s Blue Springs, Mississippi facility and $71.4 million along with 33 new jobs at its casting plant in Jackson, Tennessee. Economic development partners include Mississippi Development Authority,...

Hyosung HICO Announces Expansion in Memphis, Tennessee

Hyosung HICO, a global power transformer manufacturer, announced plans to expand operations in Memphis, Tennessee. Plans for the project include creating 240 new jobs and investing more than $150 million as the company constructs a new facility at its U.S. headquarters, marking the second expansion project at the facility in six months. Upon completion, the...