Ultra Safe’s Gadsden project earns national Impact Award

Ultra Safe’s Gadsden project earns national Impact Award

Greg Bailey
Gadsden Times
Ultra Safe Nuclear Corporation’s selection of Gadsden as the site for a Micro-Modular Reactor assembly plant has drawn kudos from a prominent national publication.

Business Facilities has named the project as one of its 2023 Impact Award Deals of the Year.

Its website describes Business Facilities as “a leading full-service media brand specializing in the site selection marketplace,” with a more than 50-year track record in that field. It offers a bi-monthly magazine, email newsletters and a news portal designed to “(educate) corporate executives on issues related to choosing the best location for their growing companies.”

This artist's rendering shows the Ultra Safe Nuclear Corporation advanced microreactor assembly plant that will be located on property at the Northeast Alabama Regional Airport. The facility will reflect a $232 million investment and mean 250 new jobs. Company officials stress no radioactive material will be used or stored at the plant.

The Impact Awards, according to the website, “showcase corporate relocation and expansion investments that are having, or are expected to have, a significant impact on the communities in which they are located.”

The Gadsden project, which was announced last June, was recognized in the Workforce category. Mentioned specifically along with USNC were the Gadsden-Etowah Industrial Development Authority, the City of Gadsden, the Gadsden Airport Authority, the Alabama Department of Commerce and the Economic Development Partnership of Alabama.

Construction on the plant is set to begin later this year and operations are projected to begin in 2027. It will employ 250 people with an annual payroll of $15 million.