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
The City's Largest Construction Project Will Impact Thousands
- 2.Retail & Restaurants
Whiffer's Sandwiches Back Open For Business
- 3.Retail & Restaurants
Say Anything... Jewelry Opens New Location On Tuesday
Costco Citigroup Partnership To Have Impact On Citibank In Sioux Falls
- 5.Your Money Matters
Teeing Off A Business
Fiat Chrysler Brushes Off Snow, Posts 6 Pct Us Sales Gain
New Gymnastics Facility Holds First Classes
Citigroup Sells OneMain Financial
Dot-Com Deja Vu: Nasdaq Closes In On Its Record High
Target Plans $2B In Cost-Cutting Moves