When
the Idaho Legislature established the Oversight program in 1989,
it clearly set out its goals. Among them was "to ensure that
the INL continues to contribute positively to the nation and to
Idaho's society and economy."
Oversight also plays a small but significant role in economic development
through the 1995
Settlement Agreement. The Agreement is best known for setting
out deadlines for treatment and disposal of certain types of nuclear
waste, but it also required the U.S. Department of Energy (DOE)
to pay $30 million to the state to reduce eastern Idaho's dependence
on the INL.
The state turns some of the money over to the Regional
Development Alliance. Companies interested in a grant or loan
from Settlement Fund dollars submit proposals to the Alliance. The
Alliance's 15-member non-partisan board evaluates the proposals,
looking for projects that provide a good return on investment, contribute
to long-term economic stability, and provide opportunities for employment.
It sometimes partners with other cooperative efforts, like the state
Department of Commerce, the contractor that runs the site for the
DOE, Idaho colleges and universities, or local economic development
organizations. Read more about RDA-funded
projects.
Although most decisions on allocation of Settlement Agreement economic
development funds are made by the Regional Development Alliance,
the state also has a role. The state has dedicated funds to certain
projects, like helping the University of Idaho build a Science and
Technology Center in Idaho Falls, and funding the Accelerator Center
at Idaho State University. These proposals, too, are evaluated for
return on investment, long-term economic stability, and employment
opportunities.
The INL contractor also makes investments
in the region's economy, as do local business and industry. Read
more about INL's contractor and investments
in reactor research. These efforts and partnerships, when paired
with the Department of Energy's designation of the INL as the nation's
lead nuclear laboratory, should help ensure that the nation and
eastern Idaho continue to benefit from the INL.
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