FOR IMMEDIATE RELEASE
Friday June 23, 2017
36 months of agritech innovation and economic achievements
AMES, IA — The Cultivation Corridor on Friday released its 2016-2017 Annual Report, which reflects the activities of the agriculture-focused economic development organization’s first three years of work. The report, Growing Forward: Breakthrough Stories from Inside Iowa’s Cultivation Corridor, includes coverage of Corridor-involved economic development projects representing more than $700 million in new capital investments, and the creation of more than 900 jobs in Central Iowa.
The report captures other key achievements, including the release of the Iowa Ag/Bioscience Asset Portal and creation of the Iowa Biorenewable Chemical Tax Credit Program. The Asset Portal is an agribusiness and biotechnology asset inventory featuring agriculture and bioscience data at a statewide, regional and county level. The Biorenewable Chemical Tax Credit Program was approved by the Iowa legislature in 2016 and is the world’s first program of its kind to support the development of the biorenewable chemical industry in Iowa.
More recently, the Cultivation Corridor and the Greater Des Moines Partnership announced the Iowa AgriTech Accelerator, a mentor-led and vertically focused startup accelerator. The first class of startup entrepreneurs were accepted by six funders and three mentorship and technical partners that signed on to support the class in the summer of 2017.
The report is available online at www.cultivationcorridor.org/assets/books/2016-annual-report
About the Cultivation Corridor Focused on further developing and marketing the world-renowned bioeconomy in Central Iowa, Iowa’s Cultivation Corridor is building on a rich history of innovation to accelerate value-added agriculture business development by attracting companies, talent and capital from across the globe to the state. Representing a diverse public-private coalition of stakeholders including the Greater Des Moines Partnership, Ames Chamber of Commerce, Iowa State University, non-profits and private sector companies from across the region and state, the Cultivation Corridor is one of the nation’s foremost cluster-based economic development organizations. For more information, visit CultivationCorridor.org.