The U.S. Department of Energy has requested additional information as it tries to close out a $2 million grant awarded 16 years ago to a nonprofit organization that owns, develops, and manages former DOE property.

The grant was issued in 1997 as part of a larger grant that the Community Reuse Organization of East Tennessee requested from DOE, said Lawrence Young, CROET president and chief executive officer. Most of the money was used for a high-risk loan program for small businesses. The purpose was to create jobs and promote economic development in East Tennessee, said Mike Koentop, spokesman for the DOE Oak Ridge Office. [Read more…]