Wednesday, February 27, 2019

Annual INL Economic Summary details lab's importance to region, state

An annual economic impact summary shows that Idaho National Laboratory continues to be a major contributor to Idaho’s economy.

Highlights from the “INL Fiscal Year 2018 Economic Summary” include:

• INL’s total economic impact exceeded $2 billion in FY-18, a 6.4 percent increase over the prior year.
• INL directly employed an average of 4,349 workers during the fiscal year. That makes INL contractor Battelle Energy Alliance (BEA) Idaho’s sixth-largest private employer and ninth-largest employer when compared to all public and private businesses.
• INL spent more than $148 million with Idaho businesses.
• BEA contributed $618,700 in charitable giving, technology-based economic development grants and K-12 STEM giving.

“To see the positive impact the laboratory has on Idaho’s economy is incredibly rewarding,” said INL Director Mark Peters. “Not just because we are helping improve the quality of life in our own backyard, but also because INL’s steady growth shows that we are serving our fellow citizens by striving to resolve the nation’s big energy and security issues.”

Information obtained in this report along with data from other sources, such as the recently released reports from the Idaho Technology Council and the Regional Economic Development for Eastern Idaho (REDI), helps INL to focus its efforts in STEM, education programs and workforce planning efforts.

The annual summary report was prepared by the Moscow, Idaho-based Emsi, a labor market analytics firm. The FY 2018 economic impact summary is available online at https://public.inl.gov/public/FY18EconomicSummary/index.aspx. The economic impact identified in the report only includes operations managed by Battelle Energy Alliance and does not include impacts of the U.S. Department of Energy cleanup contractor, the DOE itself or the Naval Reactors Facility.

INL is one of the DOE’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 Battelle Energy Alliance.

See more INL news at www.inl.gov. Follow @INL on Twitter or visit the INL Facebook page.

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