Idaho National Laboratory increases its contribution to Idaho’s economy by 20.4 percent
IDAHO FALLS, Idaho – Idaho National Laboratory released the “INL Fiscal Year 2016 Economic Impact Summary,” which evaluates the total economic impact that INL operations have on Idaho’s economy. The report demonstrates that INL contributes a positive value of $1.9 billion to Idaho’s total economic output – an increase of 20.4 percent or nearly $324 million between 2015 and 2016.
“As Idaho’s sixth largest private employer, we take great pride in Idaho National Laboratory being a major economic driver for our state,” INL Lab Director Mark Peters said. “We value our relationship with the state of Idaho and believe our continued collaboration is critical to the success of the laboratory in the coming years,” said Peters.
The summary included the following highlights for 2016:
INL posted job and business volume gains primarily in its national homeland security and nuclear energy research divisions. Specific areas of expanded research include critical infrastructure, high-performance computing, cybersecurity and small modular reactors.
“In the foreseeable future we continue to see a need to hire more engineers and scientists – not only to support replacing those who retire but to support the growth of our laboratory,” Peters said. “It is critical we strengthen our partnering with subcontractors, educators and industry.”
To support its future growth, INL hosted a partnering event in December in Idaho Falls and will host a second event Jan. 17 in Boise. The event will showcase subcontracting needs, highlight grant opportunities, and share details on how to partner with INL employees and technology to conduct research and development. For more information on this event, go to https://partner.inl.gov/.
The annual summary was prepared by the Rexburg-based Research & Business Development Center. The 2016 Economic Impact Summary is available online at https://www.inl.gov/inl-initiatives/economic-and-workforce-development/. The economic impacts identified in the report only include operations managed by BEA and do not include the impacts of the U.S. Department of Energy cleanup contractor, the DOE itself or the Naval Reactors Facility.
Idaho National Laboratory is one of the U.S. Department of Energy’s national laboratories. The laboratory performs work in each of DOE’s strategic goal areas: energy, national security, science and environment. INL is the nation’s leading center for nuclear energy research and development. Day-to-day management and operation of the laboratory is the responsibility of BEA.
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