Oak Ridge Today

Officials celebrate sale of DOE land to IDB, which sold to Protomet, for economic development

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Protomet Corporation is pictured above in the Bethel Valley Industrial Park in south Oak Ridge on Tuesday, Nov. 22, 2016. (Photo by John Huotari/Oak Ridge Today)

 

Officials are celebrating the sale of federal land east of Oak Ridge National Laboratory that could be used to help an industrial company expand.

The 20-acre parcel had been owned by the U.S. Department of Energy in Oak Ridge. The property is adjacent to the Bethel Valley Industrial Park in south Oak Ridge and west of Protomet. The company had sought the property for a planned expansion.

The parcel was sold to the Oak Ridge Industrial Development Board, or IDB, on October 20.

The IDB, which served as a conduit, then sold the land to Protomet. The company is evaluating the site as one option as it plans for a $30 million expansion that could add 200 jobs over a five-year period. [Read more…]

Navarro Research, Engineering buys Tech 2020 building

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Technology-2020-Jan-27-2016

Navarro Research and Engineering Inc. acquired the Tech 2020 building late last week, the Oak Ridge Chamber of Commerce said Monday, July 25, 2016. The purchase of the building will allow the company’s corporate headquarters to remain in Oak Ridge, retaining more than 100 jobs in the community. The board of directors for Technology 2020 voted Tuesday, Jan. 26, 2016, to wind down operations after more than two decades of operations. (Photo by John Huotari/Oak Ridge Today)

 

Navarro Research and Engineering Inc. acquired the Tech 2020 building in Oak Ridge late last week. The purchase of the building will allow the company’s corporate headquarters to remain in Oak Ridge, retaining more than 100 jobs in the community, a press release said.

The Tech 2020 building was placed on the market following the January 2016 announcement that the organization would be winding down operations. Tech 2020 was a nonprofit organization that had focused on technology-based entrepreneurial support and access to capital. The organization contributed to the success of several area start-ups.

“We are pleased that Navarro has found a new home in the Tech 2020 building,” said Phil Andrews, chief financial officer of Oak Ridge Associated Universities and chair of the Oak Ridge Chamber of Commerce’s board of directors. “It’s a win for the community to be able to keep the company and employees in Oak Ridge. The fact that the company has purchased a building, rather than leasing or renting one, shows the kind of commitment Navarro has to the city.” [Read more…]

Explore Oak Ridge to co-locate with Oak Ridge Chamber of Commerce

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Oak Ridge Chamber of Commerce

The Oak Ridge Chamber of Commerce building is pictured above.

 

Explore Oak Ridge (the Oak Ridge Convention and Visitors Bureau) will be moving its operations from its current location at 102 Robertsville Road to co-locate with the Oak Ridge Chamber of Commerce in July, according to an agreement reached by the two organizations earlier this week.

The Chamber building is located at 1400 Oak Ridge Turnpike, near Oak Ridge High School and across from the Oak Ridge Civic Center.

The initial lease is for three years, with two additional one-year extension options. It will position the Chamber, Explore Oak Ridge, the Oak Ridge Industrial Development Board, and the Roane State Tennessee Small Business Development Center in one facility, a press release said. [Read more…]

ORAU’s Phil Andrews named CFO of Year by Greater Knoxville Business Journal

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Phil Andrews

Phil Andrews

The Greater Knoxville Business Journal named ORAU Vice President and CFO Phil Andrews as 2015 CFO of the Year in its nonprofit/government category.

According to the Greater Knoxville Business Journal website, this designation, presented by the Knoxville Chapter of the Financial Executives International, recognizes chief financial officers from companies in the Greater Knoxville area who have made significant contributions to company growth, leadership and community involvement.

Since joining ORAU in 2007 as vice president of business operations and CFO, Andrews has managed the financial aspects of the organization’s dramatic revenue growth from $230 million in 2007 to nearly $360 million in 2014, representing unprecedented company growth of almost 60 percent, a press release said. The revenue projection for 2015 is $400 million, which will be ORAU’s best year ever. [Read more…]

Honors: ORAU director receives Top Professionals Under 40 award

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ORAU Heidi Timmerman Award

Heidi H. Timmerman, center, accepts the Top Professionals Under 40 in Contract Management Award during the National Contract Management Association’s 33rd Annual Government Contract Management Symposiusm Fall Chapter Leader Summit 2014 Awards Reception. The award was presented by NCMA Executive Director Michael Fischetti, left, and NCMA President Larry Trowel. (Submitted photo)

 

Heidi H. Timmerman, director of procurement and contracts for Oak Ridge Associated Universities, was recently awarded the Top Professionals Under 40 in Contract Management distinction from the National Contract Management Association, a press release said.

Timmerman—who is responsible for overseeing ORAU’s activities related to prime contract administration, the Work for Others program under the Oak Ridge Institute for Science and Education contract, subcontract administration, and small business outreach—was recognized for being a top performer in the contract management profession under the age of 40.

This honor recognizes Timmerman for her contract management knowledge and willingness to mentor others, as well as her involvement with various community organizations such as NCMA and the United Way of Anderson County, the press release said. [Read more…]