Project R50 Receives $50K Tax Break for Oak Ridge Facility
Oak Ridge City School DistrictSchool · Oak Ridge, TN- Disclosed value
- $50,000
- From agenda
- Document date
- Oct 6, 2025
- Term
- 15 year
The 30-second brief
Oak Ridge Industrial Development Board(IDB) gives a tax break worth of $50,000 over 15 years to Project R50 for constructing a manufacturing facility for nuclear reactors in the City of Oak Ridge. The project is anticipated to have a capital investment of $235 million in real property and $43 million in equipment value and creates 250 jobs.
Project R50 holds this pilot contract with Oak Ridge City School District. Its other public contracts on record include work for City of Oak Ridge.
Term as filed: 15 year.
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Contract details
- Contract type
- Pilot
- Amount
- $50,000
- Document date
- October 6, 2025
- Term
- 15 year
- Vendor
- Project R50
- Source document
- industrial-development-board-meeting-agenda-october-6-2025_efd.pdf (Agenda)
Project R50's other public contracts
More Oak Ridge City School District contracts
Questions about this contract
Who was awarded the pilot contract by Oak Ridge City School District?
Project R50 was awarded this pilot contract by Oak Ridge City School District, as recorded on October 6, 2025. The contract value is $50,000.
How much is the Project R50 contract with Oak Ridge City School District worth?
The Project R50 contract with Oak Ridge City School District is valued at $50,000, covering pilot work.
What type of contract is this?
This is a Pilot contract, documented as a agenda record.
Where was this contract approved?
This contract appears in industrial-development-board-meeting-agenda-october-6-2025_efd.pdf (Agenda), dated October 6, 2025 from Oak Ridge City School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Project R50 hold?
Project R50 may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Oak Ridge City School District currently buying?
Explore Oak Ridge City School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.