Oak Ridge Industrial Development Board Meeting Agenda March 2026
IDB to Administer $2M State Grant for R-50 Project
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Description
The Oak Ridge IDB approved the application and acceptance of a $2 million economic development grant from TNECD to support R-50, LLC's microreactor project at Heritage Center.
Contract Details
Contract Amount
$2,000,000
Vendor
TENNESSEE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT
Agency
City of Oak Ridge, TN
Contract Type
FINANCIAL_SERVICES
Document Date
March 2, 2026
Renewal Info
Grant is awarded for project construction; funds must be accepted and administered by IDB on behalf of R-50, LLC. One-time program grant.
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