FOR IMMEDIATE RELEASE
Jan. 11, 2017
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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 employs nearly 4,100 people, making it Idaho’s sixth largest private employer and 10th largest employer when compared to all public and private businesses. INL hired more than 480 employees in 2016 and increased its average salary to $92,660 annually, up from $88,635.
- Secondary impacts in Idaho accounted for an additional 7,199 jobs for a total of 11,276 jobs – a 21.3 percent increase from the previous year. In addition to purchasing goods and services, INL hosted significantly more visitors and held more events in 2016, resulting in positive economic benefit to the local hotel and restaurant industry.
- More than $874 million in economic output was generated through INL suppliers and employee household spending.
- INL increased personal income in the state by $795 million.
- Day-to-day management and operation of INL is the responsibility of Battelle Energy Alliance (BEA), which subcontracted more than $136 million to Idaho businesses.
- BEA corporate offices contributed $623,454 to charitable giving, and the majority of those funds in Idaho are focused on education needs.
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.
The annual summary was prepared by the Rexburg-based Research & Business Development Center. The 2016 Economic Impact Summary is available online at https://inl.gov/inl-initiatives/economic-and-workforce-development/. The economic impacts identified in the report only include operations managed by Battelle Energy Alliance 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 Battelle Energy Alliance.
See more INL news at www.inl.gov. Follow @INL on Twitter or visit our Facebook page at www.facebook.com/IdahoNationalLaboratory.