A company that provides services to the nuclear industry and is headquartered in Kennewick, Wash., plans to expand into Oak Ridge and add more than 100 jobs during the next three years.
Babcock Services Inc. intends to purchase 2.5 acres at Heritage Center in west Oak Ridge at the former K-25 site and construct a 13,300-square-foot building. The property will be used to manage, recover, and refurbish radioactively contaminated components from commercial nuclear power plants.
The estimated 114 new jobs created during the next three years could pay an average wage of $66,000 plus benefits, according to a project briefing distributed to Oak Ridge Industrial Development Board members.
BSI could invest close to $4 million in the project during the next three years.
On Monday, the IDB agreed to sponsor an application for a state FastTrack Infrastructure Grant on behalf of BSI. BSI would contribute a local match if the grant is approved.