Oak Ridge, Tennessee is an underserved market located in the suburbs of the Knoxville, Tennessee MSA. A regional employment center, Oak Ridge is the site of US Department of Energy facilities and numerous high wage/high tech employers. Home to a major multi-disciplinary national laboratory and a major national security complex, Oak Ridge's economy has remained remarkably strong. Substantial Recovery Act funding has been targeted to the community.
Oak Ridge is the first retail destination for residents of five East Tennessee counties and home to a regional medical center.
Recently named in CNNMoney.com as third in a list of 25 growing towns where homes are affordable and job growth is reported at 19%, infrastructure to support almost 5,000 new homes is already in the ground. The community has staffed an innovative "live-where-you work" initiative and has established aggressive incentive policies for qualified retail developments.
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