Savannah River Site (SC) Community Reuse Organization – Economic Development Strategic Plan

ChallengeThe Savannah River Site Community Reuse Organization (SRSCRO), established in 1993 by the region’s congressional delegation, is a multi-county organization charged with facilitating economic development opportunities associated with the U.S. Department of Energy’s 300-square-mile Savannah River Site (SRS). To assist in leveraging this critical asset, the SRSCRO, hired the team of Canup & Associates and TIP Strategies to assist in determining the feasibility of a proposed energy park on the SRS, identifying specific targets for the park, and to develop broader target industries and strategies for diversifying a five-county region surrounding the SRS. This bi-state region includes the cities of Augusta, Georgia, and Aiken, South Carolina.

ApproachThe consulting team performed two separate analyses for the client. TIP offered an outline of strategies and targets for the region to leverage both off- and on-site related opportunities. Canup & Associates provided an assessment of the feasibility of a previously proposed Energy Park on the SRS, as well as proposed targeted uses for that site. Both consulting teams carefully coordinated data analysis, site visits, and interviews with local economic developers and nuclear energy experts.

OutcomeTIP crafted a number of recommended strategies and actions to maximize regional economic development opportunities by leveraging several of the SRSCRO region’s primary assets, including: Savannah River National Laboratory, Fort Gordon, Medical College of Georgia, area higher education institutions, regional technical colleges, and existing business and technology parks, as well as a strong and diversified existing business and industry base. TIP recommended the SRSCRO and regional economic development allies adopt the following target sectors: energy technology, life sciences, security, and environmental sciences. Canup & Associates worked closely with regional experts to identify specific target industries for the site. During the planning process, it was determined that the Energy Park should only be positioned for projects that would not be in competition with other sites and/or locations within the five-county region. Specific targets identified for the Energy Park were: DOE mission-related projects, public/private investments, alternative energy projects, and nuclear demonstration projects.

TIP Contact Tom Stellman
512.343.9113
tom@tipstrategies.com

Courtesy of U.S. Department of Energy

Photo credit Debs