AgSugar shifts from biotech to LED funding path
AgSugar, now Vertecra, explains two new technologies the firm will release the FDM fermentation driver module and the CCM cellulose conversion module. The move aims to raise working capital as prior product vetting failed while state incentives remain tied to the two original machines.
MENTIONED IN THIS ARTICLE
AgSugar
Kazanas
Vertecra
Iowa (Economic Development Authority
Priority One
Cedar Rapids
Iowa Economic Development Authority
State Economic Development
Katie Rockey
AgSugar International
Tina Hoffman
AgSugar International backed by private investors for Cedar Rapids plant
Private investors including ChemPro Group of Boonton New Jersey and two Keokuk businessmen provided funds to advance AgSugar International’s planned biotechnology machines and LED lighting work in Cedar Rapids. Don Ross, a Cedar Rapids builder, is among six owners and oversees a $1 million building project while other backers push for job creation and capital investment fulfillment in the state.
MENTIONED IN THIS ARTICLE
AgSugar International
Cedar Rapids
ChemPro Group
Boonton
N.J
Lewis
Keokuk
Florida
Don Ross
Commercia
Ares
Agsoo National
Tonga Weing Road
Midland Forge
Vertecra
Ross
Michigan
Hybra Advance Technology
Hybra
Joe Thiel
Emig
Hydra
Snyder
Jordan
Ag- Sugar International
Cedar Rapids Mayor tied to AgSugar executives in minor stake
Cedar Rapids Mayor Ron Corbett is a small investor in Cryogenic Engineering Inc alongside two Cedar Rapids ex executives of AgSugar International, now Vertecra. Corbett voted with council to back AgSugar International’s Iowa Economic Development Authority request for aid, but says he has no financial interest in the company and benefited nothing from the vote.
MENTIONED IN THIS ARTICLE
AgSugar International
Cedar Rapids
Emig
Coo Kazanas
In Property
Iowa
Kazanas
U.S. Attorney’s Office
Missouri
Missouri Supreme Court
Missouri Department of Revenue
Kathleen
Jennifer Pratt
Nelson
Iowa Economic Development Authority
Ne Gazette
Ron Corbett
Corbett
AgsSugar Internats
Cryogenic Engineering Inc
Les Baych
David Snyder
Uit Lulm Pally
Vertecra
Wenig Rd
Also Mentioned on This Page
Jim Slosiarek
the Gazette
Dennis Jordan
AgSugar International Inc
Wealy Ra
Curt Nelson
Han Antamienview
Rick, Smith
Sourcemedia.net
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