Powering Economic Growth

Celebrating Booming Business

The word is out.

As TVA President and CEO Don Moul said during a recent fiscal year kickoff event: “The world has figured out that the Tennessee Valley region is a great place to live, work and play.”

That sentiment is increasingly reflected in the growing number of businesses choosing to relocate or expand within TVA’s seven-state service area.

From July through September, the region welcomed an array of businesses, each drawn by the competitive advantages that TVA offers, including reliable, resilient and affordable energy.

Behind this momentum is TVA’s Economic Development team, working hand in hand with local and state partners to strengthen the region’s economic vitality.

“Economic Development is tied to TVA’s mission of service, and it’s a core part of who we are,” John Bradley, TVA Economic Development senior vice president, said. “Our Economic Development team is incredibly passionate about carrying out that mission and ensuring that we support our communities effectively.”

That work hasn’t gone unnoticed.

Site Selection Magazine recognized TVA as a top utility for economic development for the 20th consecutive year.

With its community partners, TVA celebrates the companies investing in the region and the bright future they’re helping build.

Little Leaf Farms

This producer of packaged leafy greens announced plans to establish facilities on 215 acres in Manchester, Tennessee.

Plans for the project include creating 318 new jobs and investing nearly $75 million in the company’s greenhouse and manufacturing facilities.

Economic development partners include Duck River Electric Membership Corporation, Industrial Board of Coffee County, the Tennessee Department of Economic and Community Development and the Middle Tennessee Industrial Development Association.

Advanex Americas, Inc.

Advanex Americas, an international spring manufacturer, announced plans to expand operations in Robertson County, Tennessee. Plans for the project include creating 56 new jobs and investing $11.4 million in the company’s U.S. headquarters.

Economic development partners include Cumberland Electric Membership Corporation, the Tennessee Department of Economic and Community Development, Robertson County Economic Development Board and the city of White House.

Tate Ornamental, Inc.

This metal, architectural woodworking and stone company announced plans to expand operations at its White House, Tennessee, headquarters. Plans for the project include creating 50 new jobs and investing $12 million in the company’s Robertson County facility.

Economic development partners include Cumberland Electric Membership Corporation, the Tennessee Department of Economic and Community Development, Robertson County Economic Development Board and the city of White House.

ValorFlex Packaging and ValorFlex Holdings

This packaging services company announced plans to establish operations in Bowling Green, Kentucky. Plans for the project include creating 82 new jobs and investing $23.4 million in the company’s manufacturing facility.

Its parent company, ValorFlex Holdings, also announced plans to establish headquarter operations in Kentucky. The project is expected to create 25 new jobs and invest more than $6 million in the company’s new corporate headquarters.

Economic development partners include Warren RECC, Bowling Green Area Chamber of Commerce and the Kentucky Cabinet for Economic Development.

Clayton Supply

This leading homebuilding company announced plans to expand operations in Hamblen County, Tennessee. Plans for the project include creating 90 new jobs and investing $6.8 million in the Morristown facility.

Economic development partners include Morristown Utilities, Morristown Area Chamber of Commerce, city of Morristown, Hamblen County and the Tennessee Department of Economic and Community Development.

Master Machine

Master Machine, a system design and manufacturer for nuclear-focused industries, announced plans to expand operations in Hamilton County, Tennessee. Plans for the project include creating 44 new jobs and investing $12 million in the company’s Chattanooga operations.

Economic development partners include EPB, Chattanooga Area Chamber of Commerce, Hamilton County, city of Chattanooga and the Tennessee Department of Economic and Community Development.

Vibrant Health Products, Inc.

This organic food products producer announced plans to establish its first U.S. manufacturing facility in Fayette County, Tennessee. Plans for the project include creating 394 new jobs and investing $48.5 million in the company’s operations.

Economic development partners include Chickasaw Electric Cooperative, Greater Memphis Chamber, city of Rossville, Fayette County and the Tennessee Department of Economic and Community Development.

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 Department of Economic and Community Development.

Performance Drones Works

This robotics manufacturer for military and government operations announced plans to expand its manufacturing operation in Huntsville, Alabama. Plans for the project include creating more than 500 new jobs in the area.

Economic development partners include Huntsville Utilities, city of Huntsville, Alabama Department of Commerce and the Huntsville-Madison County Chamber of Commerce.

Parsons Corporation

Parsons Corporation, a defense and intelligence contractor, announced plans to expand their presence in Huntsville, Alabama. 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.

MAHLE GmbH

This automotive supplier of electric compressors announced plans to expand operations in Hamblen County, Tennessee. 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 Commerce and the Tennessee Department of Economic and Community Development.

Redstone Arsenal

The White House announced that Redstone Arsenal in Huntsville, Alabama, was selected as the permanent headquarters of U.S. Space Command.

Plans for the headquarters include locating 1,400 military and civilian jobs, in addition to spurring high-tech jobs throughout the Huntsville region.

TVA Economic Development supported this effort through its partnership with Huntsville Utilities, city of Huntsville, Redstone Regional Alliance, Huntsville-Madison County Chamber of Commerce, and the state of Alabama.

BuildEx Modular-Tennessee

BuildEx, a manufacturer and distributor of high-quality modular housing, announced plans to establish operations in Lincoln County, Tennessee. Plans for the project include 110 new jobs and investing $23.3 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 the Tennessee Department of Economic and Community Development.

Oklo Inc.

Oklo, 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.

Economic development partners include Oak Ridge Electric Department, U.S. Department of Energy, Tennessee Department of Economic and Community Development, Oak Ridge Corridor Development Corporation, East Tennessee Development Agency, Roane County, and the city of Oak Ridge.

PolyFlex

This 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.

Economic development partners include McMinnville Electric System, the Industrial Development Board of McMinnville-Warren County and the Tennessee Department of Economic and Community Development.

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.

BWXT

BWXT, a nuclear energy company, announced plans to expand operations at its Nuclear Fuel Services facility in Erwin, Tennessee.  Plans for the project include creating 198 new jobs and investing $122 million in the company’s Unicoi County facility.

Economic development partners include Erwin Utilities, Unicoi County Economic Development Board and the Tennessee Department of Economic and Community Development.