Oak Ridge Economic Partnership

The Oak Ridge Economic Partnership is a nonprofit organization categorized under Community Improvement, Capacity Building, and Business and Industry. It is focused on enhancing economic development and community growth in the Oak Ridge area.

Overview

The organization operates primarily through program services, which constitute the majority of its revenue. It plays a significant role in fostering partnerships and initiatives that support local economic expansion and innovation.

Financial Profile

Historically, the organization's financial reports indicate no executive compensation, professional fundraising fees, or other salaries and wages. Its total assets have fluctuated over the years, with notable increases reflecting its growth and development efforts.

Role in the Community

The Oak Ridge Economic Partnership contributes to enhancing the economic landscape by engaging with various stakeholders, including local businesses and educational institutions. This engagement helps build a supportive environment for new ventures and initiatives, aligning with the broader economic revitalization goals of the Oak Ridge area.

Significance

As part of the broader economic development strategy in Oak Ridge, the Partnership works alongside other entities, such as Oak Ridge National Laboratory, to drive innovation and attract businesses to the region. Its efforts support the creation of high-tech jobs and stimulate local economic growth, contributing to Oak Ridge's reputation as a hub for technological advancements and scientific research.

Connection to Regional Growth

The Partnership is part of a broader ecosystem that includes federal, state, and local initiatives aimed at leveraging Oak Ridge's historical significance as a center for scientific research and innovation. Its activities align with efforts to attract new companies, particularly those involved in nuclear technology, and to develop the workforce needed for these industries.

Notable Figures

Key figures associated with the organization include board members who contribute to its strategic direction and operational guidance. Notable among these is Warren Gooch, who also holds a position of influence in Oak Ridge's municipal leadership.