The U.S. Department of Energy’s (DOE) Oak Ridge Reservation is a job-creation engine, accounting for more than $7 billion in economic benefits and supporting nearly 43,000 full-time jobs, according to a report released this morning by the East Tennessee Economic Council (ETEC).
The report examines the impact of DOE’s investment in Tennessee in FY 2020 and shows a significant additional impact since the last study conducted in 2017. The impact reported then was $5.6 billion in economic benefits and 34,360 full-time employees.
“Oak Ridge is home to a wealth of innovation and creativity, with world-class scientists and researchers and cutting-edge facilities that contribute to enhancing our national security, improving the environment, and advancing scientific discoveries,” ETEC President Jim Campbell said. “This report confirms the importance of DOE’s presence in Tennessee, cementing the state’s stature in scientific leadership and contributing to its economic success.”
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