News and Events
News Stories - 2013
Nashville MSA Ranks #1 in Job Creation. Newly released job growth numbers show that in 2012 the Nashville region posted 3.9 percent growth in jobs over the 2011 data. Read more.
First Metro-Area TVA Data Center Site Approved for Development in Knoxville. TVA and Deloitte Consulting have approved TVA’s first metro-area primary data center site in Corridor Park in Knoxville. Read more.
News Stories - 2012
Kemmerich USA to Locate Manufacturing Plant and Headquarters in Murray, Ky. The international original auto equipment manufacturer’s move will create 120 new full time jobs and represents a $12.2 investment in the Kentucky economy. Read more.
German automotive supplier iwis announced plans to establish its first U.S. manufacturing facility in Murray, Ky. The company will manufacture timing drive systems for engines and will create 75 new full time jobs with an investment of $12.5 million. Read more.
TVA Employees Recognized for Economic Development Achievement. The Kentucky Association for Economic Development has honored Roxann Fry and Jim Martin for their work in economic development in Kentucky. Read more.
Economic Development Spurs $5.9 Billion in Investments in FY 2012. TVA reports its economic development efforts helped stimulate $5.9 billion in business investments in fiscal year 2012 and helped attract or retain 48,000 jobs. Read more.
TVA Wins International Award for Megasites Program. The Tennessee Valley Authority has earned a Gold Award from the International Economic Development Council for excellence in economic development. Read more.
TVA Receives IEDC Gold Excellence in Economic Development Award. TVA was cited for excellence in the category of “multi-year economic development program for communities with populations of greater than 500,000.” Read more.
BNY Mellon Breaks Ground for Expansion of Tennessee Processing Center. BNY Mellon, a global leader in investment management and services, has begun expansion of its Tennessee Processing Center in Nashville. Read more.
Two New Valley Locations Named Top Sites for Data Centers. Sites in Hopkinsville, Ky., and Cookeville, Tenn., have been added to TVA’s list of prime locations for data center development. Read more.
TVA Named to Economic Development Top 10 for the Seventh Straight Year. For the seventh straight year, TVA has been named to Site Selection magazine’s list of the top 10 utilities in North America for economic development. Read more.
Expansion by Food Warming Equipment in middle Tennessee to create 100 new manufacturing jobs. 7-5-12 Read more.
Magneti Marelli to expand and create 800 jobs in Pulaski, Tenn. Creation of a new automotive lighting production operation represents a $53.7 million investment in Giles County. 6-14-12 Read more.
Industrial fan manufacturer to bring 125 jobs to Leitchfield, Ky. The New York Blower Company, a manufacturer of industrial ventilation systems, will invest $4.8 million to locate a new facility in Grayson County, Ky. Read more.
New driver assistance call center in Clarksville to create 500 jobs. Agero, a global leader in driver assistance services, will invest $8 million in the Clarksville, Tenn., economy. 5-17-12. Read more.
TVA's Bradley named one of top economic developers in South. Southern Business and Development magazine has named John Bradley, TVA's senior vice president of Economic Development, to its Top Ten list. 4-19-12 Read more.
Tennessee's largest solar array goes online. TVA and Chickasaw Electric Cooperative have begun distribution of power from the West Tennessee Solar Farm in Stanton, Tenn. 4-18-12. Read more.
TVA's Tidwell wins site selection award. Business recruitment specialist Tim Tidwell is a recipient of one of the first annual Excellence in Economic Development Awards given by the Site Selectors Guild. 1-18-12 Read more.
News Stories - 2011
Two Tennessee sites identified for data center potential. The sites in Warren County bring the inventory of favorable data center locations to 20. 12-14-11. Read more.
TVA's economic development efforts help businesses invest $4.9 billion in 2011. About 43,000 jobs were attracted or retained over the fiscal year. 11-22-11 Read more.
Mann-Hummel USA will set up Tennessee production facility. The German automotive manufacturer will locate a plant in Dunlap, Tenn. 11-3-11 Read more.
Carpenter to build steel plant in northern Alabama. The $500 million project will create more than 200 jobs. 11-3-11 Read more.
Pillsbury Winthrop to locate service center in Nashville. The international law firm will relocate 150 corporate jobs to the city. 11-3-11 Read more.
Propulsys will upgrade Kentucky plant. The company will invest $9.5 million and retain its 207 workers. 11-3-11 Read more.
BorgWarner will expand Mississippi operations. Multimillion-dollar expansion of auto parts manufacturing operations will add 120 jobs. 11-3-11. Read more.
Site Selection ranks TVA among top 10 utilities for sixth straight year. The ranking is based on TVA's economic development accomplishments in 2010. 9-1-11 Read more.
Business Xpansion story features TVA data center development. TVA’s ongoing designation of ready-for-development data center sites is highlighted in a recent article in Business Xpansion Journal. 7-19-11 Read more.
Two sites identified for data center development. The 17th and 18th sites designated as ready for data center development are located in Huntsville, Ala., and Adairville, Ky. 7-11-11 Read more.
Sixteenth site selected for data center development. A Florence, Ala., site is a prime candidate for data center development, says an economic development survey sponsored by TVA. 5-11-11 Read more.
Sequa Automotive Group to expand in Kentucky. The $7.2 million expansion of the Morgantown facility will bring 280 new jobs to Butler County. 4-11-11. Read more.
Fifteenth site selected for data center development. TVA has identified a Morristown, Tenn., site as the latest of 15 prime locations for developing the region's data center industry. 4-8-11. Read more.
Fourteenth site selected for data center development. TVA has identified a Nashville site as the latest of 14 prime locations for developing the region's data center industry. Read more.
Mitsubishi Electric Power announces new transformer plant in Memphis. The $200 million project will add 275 jobs and manufacturer extra-high voltage shell type transformers for use by utilities. 2-14-11. Read more.
Nashville Bun announces plans to expand Nashville plant. Nashville Bun will invest $7 million in a 25,000-square-foot expansion of its existing facility in Nashville, adding 100 new jobs in the process. 2-8-11. Read more.
News Stories - 2010
TVA helps businesses invest $4.3 billion in economic development projects in 2010. The Tennessee Valley Authority's helped companies invest $4.3 billion in economic development projects and attract or retain 41,000 jobs across the region in fiscal year 2010. 12-31-10 Read more.
Amazon.com to open fulfillment centers in the Tennessee Valley. The online retailer announced plans for two plants empoying about 1,400 and opening before the 2011 holiday season. 12-21-10. Read more.
Electrolux announces major Memphis plant. The global home applicance manufacturer will invest about $190 million in the project, which is expected to create over 1,200 direct jobs. 12-15-10. Read more.
Thirteenth site selected for data center development. As part of a TVA-sponsored economic development program, Deloitte Consulting has designated a 13th Tennessee Valley site, located in Grenada, Miss., as having strong potential for high-tech development. 11-10-10. Read more.
Olin-Winchester to expand operations in Mississippi. Olin-Winchester Corporation, a global supplier of sporting ammunition, has announced a $100 million expansion in Oxford, Miss. Read more.
TVA program identifies sites for data center development. A Tennessee Valley Authority economic development program has identified a dozen sites in the Southeast as prime locations for developing the region’s growing data center industry. Read more.
Japanese auto parts plant to open in Tennessee. IB-Tech, a subsidiary of Japanese-owned auto parts manufacturer Imasen Electric Industrial Co. Ltd., will invest $50 million and create 385 jobs. 9-10-10. Read more.
Whirlpool announces plans to build new plant in Tennessee. The appliance manufacturer will build a $120 million manufacturing and distribution facility in Cleveland. 9-2-10. Read more.
TVA ranks in top 10 economic development utilities for fifth straight year. The annual ranking by Site Selection magazine is based on capital investment and job creation. 9-2-10. Read more.
New Tenn. energy loan program can boost business profitability. The $50 million program will offer energy efficiency loans at below-market rates. 8-27-10. Read more.
Toyota restarts Mississippi operations, adds 2,000 jobs. The automaker will build Corolla compact sedans at the plant, now scheduled to open in fall 2011. 6-16-10 Read more.
LKQ Corporation to expand in Nashville. The auto-parts supplier will enlarge its existing facility to consolidate its corporate support operations. 6-9-10 Read more.
Jackson National Life Insurance chooses Tennessee for regional HQ. The company will employ 750 at its new center in Franklin. 5-25-10 Read more.
Loews chooses Nashville for service center. The hotel chain will locate a shared service center in downtown Nashville to serve its 19 locations in the U.S. and Canada. 5-13-10 Read more.
Amneal Pharmaceuticals expands in Kentucky. The generic drug manufacturer will consolidate its logistics and sales operations at a new location in Glasgow. 5-13-10 Read more.
Remington Arms will enlarge Ketucky plant. The firearms manufacturer will invest $5 million over the next three years and double its workforce. 5-13-10 Read more.
Auto supplier A.P. Plasman to build Alabama plant. Canadian company A.P. Plasman will build a new plant in Fort Payne, Ala., to manufacture automotive exterior trim. 4-26-10 Read more.
Honda supplier to expand in Cullman, Alabama. Tier-one Honda supplier Yutaka will expand its Cullman plant and add a catalytic converter line. 4-5-10 Read more.
Modine's Tennessee expansion to create 200 jobs. The manufacturer of vehicle cooling equipment will expand its Lawrence County operations. 3-17-10 Read more.
Fleet One to expand Nashville operations. The company provides financial services to the transportation industry. 3-17-10 Read more.
Nissan will build electric vehicles in Tennessee. Nissan North America has announced that it will build the new LEAF electric vehicles at its plant in Smyrna, Tenn. 2-8-10 Read more.
Auto supplier SL Tennessee expands Clinton plant. The company has gained a contract to make shifter assemblies for the VW plant in Chattanooga. 2-8-10 Read more.
Wei Chuan expands operations in Murfreesboro. The company is the largest producer of Chinese food in North America. 2-8-10 Read more.
The evolution of Megasites marketing. TVA's Megasites Program was originally seen as a way to attract large automotive manufacturers. Subsequently the program has developed a broader scope that promises greater manufacturing diversity for the region. Read the Business TN article Marketing the Megasite.
Volkswagen was the latest company to purchase a Megasite. Read about the Chattanooga Chamber's Volkswagen Team, which acts as a liaison between the automaker and local community.