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City of Oak Ridge Awards Financial Services Contract to Project Catalyst (November 2025)

City of Oak Ridge logoCity of Oak Ridge
Disclosed value
$103,000,000 (estimated tax abatement value over term)
From minutes
Approved
Nov 3, 2025
Term
15 years

The 30-second brief

What it covers

The Industrial Development Board of the City of Oak Ridge approved a resolution supporting a PILOT incentive for Project Catalyst, providing a 50% tax abatement for 15 years. The abatement is estimated at $103 million over the life of the agreement.

Who holds it

Project Catalyst holds this financial services contract with City of Oak Ridge. Its other public contracts on record include work for Oak Ridge Housing Authority and Town of Richland.

What happens next

Term as filed: 15 years.

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Contract details

Contract type
Financial Services
Amount
$103,000,000 (estimated tax abatement value over term)
Document date
November 3, 2025
Term
15 years
Vendor
Project Catalyst
Agency
City of Oak Ridge
Source document
industrial_development_board_minutes_november_2025.pdf (Minutes)

Project Catalyst's other public contracts

Oak Ridge Housing Authority, TennesseeLease agreement preparation authorized for Project Catalyst manufacturing facility · Dec 1, 2025UndisclosedCity of Oak Ridge, TennesseeBoard Approves 15-Year 50% PILOT for Project Catalyst · Dec 1, 2025City of Oak Ridge, TennesseeProject Catalyst awarded 15-year tax abatement · Nov 3, 2025UndisclosedTown of Richland, KansasRichland County approves $225 million infrastructure credit agreement · May 13, 2025$225MRichland County, South CarolinaProject Catalyst Infrastructure Credit Agreement approved · May 13, 2025UndisclosedAll Project Catalyst contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Oak Ridge?

Project Catalyst was awarded this financial services contract by City of Oak Ridge, as recorded on November 3, 2025. The contract value is $103,000,000 (estimated tax abatement value over term).

How much is the Project Catalyst contract with City of Oak Ridge worth?

The Project Catalyst contract with City of Oak Ridge is valued at $103,000,000 (estimated tax abatement value over term), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in industrial_development_board_minutes_november_2025.pdf (Minutes), dated November 3, 2025 from City of Oak Ridge. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Project Catalyst hold?

Project Catalyst 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 City of Oak Ridge currently buying?

Explore City of Oak Ridge's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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