The Tri-City Development Council has picked the URS Corp. to study the possible benefits of building a small modular nuclear reactor system at the Hanford nuclear reservation.

The council received a $500,000 grant from the state Department of Commerce for the study, which will take about five years.

A modular reactor would cost between $500 million and $1 billion. It would create 200 to 300 construction jobs and require an operating staff of 100 workers.

The Tri-City Herald reports the long-term goal of the Tri-City Development Council is to position the Tri-Cities for a role in manufacturing and exporting small nuclear reactors.