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Knoxville Business News Tennessee Mountain Scenery Background
May 20, 2018 | Tom Ballard

ETEC’s latest report documents $5.6 billion in economic impact from DOE Oak Ridge operations

A new report from the East Tennessee Economic Council (ETEC) pegs the direct and indirect economic impact of the U.S. Department of Energy’s (DOE) Oak Ridge Reservation at $5.6 billion.

Jim Campbell, ETEC President, previewed the report at last Friday’s weekly meeting of the organization prior to the public release at 1 p.m. that day. The research was conducted in part by a Booz Allen Hamilton economist and sponsored by the Oak Ridge Utility District and TNBANK.

From a jobs perspective, the report says that 12,618 jobs were directly created by DOE and its contractors in Tennessee, and an additional 21,878 jobs were generated by the indirect effects of DOE investment. Those workforce numbers transcend 50 of the state’s 95 counties.

Click here to access the full report as well as a Power Point presentation.

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