U.S. Senators Lamar Alexander (R-Tenn.) and Bob Corker (R-Tenn.) today announced that the FY2009 Financial Services appropriations bill, which was approved by the Senate Appropriations Committee, includes funding for an economic development initiative in Tennessee.
“This funding will help turn scientific advances at Oak Ridge into new business ventures that will create more jobs in the Oak Ridge Corridor and help maintain our nation’s competitive edge in the global economy,” said Alexander, a member of the Senate Appropriations Committee.
“One of the reasons I ran for the U.S. Senate was to work on the economic issues not only in our state but also on a national and global scale,” said Corker. “I’m pleased this bill provides funding for Oak Ridge to become increasingly competitive in the world marketplace.”
Tennessee funding in the bill includes:
• $700,000 for the Pellissippi Centre on the Oak Ridge Corridor is a technology park that is designed to provide assistance to businesses working with Oak Ridge National Lab and the Y-12 Nuclear Weapons Complex. This funding will help with the development of a technology park that has scientific expertise available to help companies foster and develop business ventures based on technological advances and new discoveries made by the national lab complex and its scientists.
The legislation must now be considered and approved by the full United States Senate.