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Meco receives $125,000 voucher for innovation

Greeneville, Tenn.-based metal fabricator Meco Corp. has been awarded a $125,000 voucher for innovation and product development as part of a new program, RevV! This state-funded, $2.5 million pilot program, created by the state of Tennessee in partnership with the University of Tennessee and the Department of Energy’s Oak Ridge National Laboratory (ORNL), assists Tennessee manufacturers by providing access to ORNL researchers and facilities, with the ultimate goal of producing jobs in Tennessee.

Meco’s project was one of 13 selected in the first year. The proposal fell under RevV!’s Tier 2 group, which will allow the 56-year-old manufacturing company to enter into a long-term R&D partnership with ORNL.

Over the next six to nine months, the company will redeem the $125,000 voucher to fulfill the project. Details are not being disclosed at this time for proprietary reasons.