Idaho National Laboratory continues to be a major player in our region. Today they released INL’s Research & Development Economic Impact Summary. Here are some key findings that are extremely important to eastern Idaho.
In fiscal year 2017, Idaho National Laboratory operations added $1.94 billion to Idaho’s gross domestic product, and the lab spent $139 million with Idaho businesses.
- INL directly employed an average of 4,256 workers during the fiscal year. That makes the laboratory contractor Battelle Energy Alliance Idaho’s sixth-largest private employer and ninth-largest employer when compared to all public and private businesses.
- INL increased personal income in Idaho by $862 million. INL economic impacts accounted for 1.3 percent of all personal income in the state.
- Nearly $935 million of economic output was generated through INL suppliers and employee household spending.
- INL operations accounted for 12,027 jobs across Idaho, a 6.7 percent increase over FY 2016.
- INL spent $139 million with Idaho subcontractors located throughout the state.
- Battelle Energy Alliance employees contributed more than $610,000 to charitable giving.
Dr Mar Peters said, “It’s rewarding to see the positive impact we have on Idaho’s economy. Ultimately, that means we are improving the lives of all Idahoans and their communities.”