A $50,000 Wells Fargo grant given to the Vision Brookings Foundation will help build a technology commercialization center in Brookings.
The $2 million Agriculture Technology Center for Rural Enterprise will be a 30,000-square-foot sustainable development facility.
The Brookings Economic Development Corporation center will enable the integration of individual, pilot-scale technologies into production systems and establish new agri-businesses led by entrepreneurs in rural communities.
Officials say two private businesses formed around South Dakota State University-licensed research are ready to lease the center once it's built. Cyanosun Energy produces high value drop-in fuels and chemicals by converting carbon dioxide and sunlight. Prairie AquaTech produces aquaculture feed by converting plant-derived carbohydrates into highly-concentrated protein.
Construction of the new center will begin in the spring of 2013.
Most Popular Today
- 1.Your Money Matters
Sioux Falls Business Battles Bacteria
- 2.Health Care
Third Profile by Sanford Store Opens In Sioux Falls
- 3.Retail & Restaurants
December 18 Is 'Free Shipping Day'
- 4.Gas & Energy
NorthWestern Energy Wants To Raise Rates
Sioux Falls Constructions Near $600 Million
- 6.Retail & Restaurants
Staples Releases More Info On Data Breach
Sioux Falls Again Breaks Building Permit Record
- 8.Gas & Energy
Holiday Travellers Find Relief At The Pumps
Sioux Falls New Construction To End 2014 At $611 Million
- 10.Your Money Matters
Consumers Still Vulnerable To Holiday Hackers