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Farm Events: |
Farm News: Bank Committs To Ag Innovation CentercommentsPosted: 10.01.2010
Citizens State Bank of Loyal has contributed $25,000 toward the creation of the Central Wisconsin Agribusiness Innovation Center (CWAIC), a multi-purpose facility that will serve as a business incubator for emerging companies in agribusiness, renewable energy, biotechnology, food processing and related industries.
“We’re pleased to support the Center, because it will create jobs for this region of the state and provide additional educational opportunities for our customers,” says Travis Holt, president and CEO of Citizens State Bank. In appreciation of the donation, one of the Center’s business incubator and laboratory spaces will be named in honor of Citizens State Bank of Loyal (www.csbloyal.com).
Scheduled for groundbreaking in early 2011 near Owen, Wisconsin, the Center will contain incubator and laboratory space, a distance learning center, public meeting and event space, a computer lab, offices for lease, a commercial test/classroom kitchen and multiple “smart” classrooms. The building itself will be a learning tool, using sustainable design concepts for both the Innovation Center and its surrounding site, the 71-acre Clark County Agribusiness Park.
“Citizens State Bank is known for its agricultural expertise, so it’s fitting that it would support a facility that is designed to foster education, training, research, and business development in agriculture, which is a $59 billion industry in the state,” says Mike Kawleski, CWAIC’s executive director.
A non-profit organization, CWAIC is partnering with the City of Owen, its Community Development Authority and the Clark County Economic Development Corporation to raise approximately $5.8 million to construct the building. The U.S. Department of Commerce Economic Development Administration has already awarded a $4 million grant toward the project. The city will construct sewer and water services to the agribusiness park this fall.
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