About us

PURPOSE:

The purpose of the Board is prescribed by the Industrial Development Corporation Act of Tennessee as set forth in the State statute and enables the Board to acquire, own, lease and dispose of properties to promote industry and to develop trade by attracting manufacturing, industrial and commercial enterprises to Oak Ridge. Bonds can be issued by the Board. Click here to view the IDB’s Charter. On December 12, 1988, Council delegated to the Board the authority to sell certain City-owned industrial properties. On November 13, 2017, Oak Ridge City Council approved by Resolution 11-120-2017 the 2018 PILOT Reauthorization which allows the IDB to offer Payment In Lieu of Tax (PILOT) agreements for industrial and commercial projects within prescribed guidelines.

COMPOSITION:

The Board is comprised of nine (9) members. Members are elected by Council for six-year staggered terms of office. Five (5) members constitute a quorum and the concurring vote of a majority of those members present at a meeting is required for board action.

First Name Last Name  Officers Term End
Richard Chinn Dec 31, 2022
Sasha Benjamin Dec 31, 2022
David Mason Dec 31, 2024
Buzz Patrick  Vice Chairman Dec 31, 2022
Roger Petrie Dec 31, 2024
Timothy Stallings Dec 31, 2024
Harold Trapp Dec 31, 2020
David Wilson  Chairman Dec 31, 2020
Phillip Yager  Secretary/Treasurer Dec 31, 2020

MEETINGS:

The Board typically meets on the first Monday of each month.