Previous CIRAS summits, supported through the U.S. Economic Development Administration’s University Center Program, have focused on the plastics, machinery, and fabricated metals sectors.
CIRAS program director Pete Nadolny said food processors are a logical next place to focus given the breadth of Iowa’s agriculture-connected businesses and the depth of food-related expertise at Iowa State University. To name just a few possibilities, CIRAS believes some businesses will receive great benefit from Iowa State resources such as a recently created food packaging consortium or the pilot production facility at the Center for Crops Utilization Research. Such facilities give processors a quick, reliable choice to experiment with new products or packaging options, which can ultimately lower costs.
“It’s a mature industry, and the environment is changing,” Nadolny said. “This usually means it’s ripe for innovation.”
November’s summit comes on the heels of a similar March event involving 75 people from the fabricated metals sector.
Nadolny said companies approached CIRAS and affiliates with approximately 20 ideas for potential new projects or processes to improve their businesses.Roughly half of those are now being developed, he said. If the work eventually proves fruitful, it could create an economic impact measured in the hundreds of thousands of dollars.
“Our focus is to help companies grow profits,” Nadolny said. “You grow profits through cutting costs, growing sales, or, ideally, both.”
For more information, contact Pete Nadolny at email@example.com or 515-277-2471. To register for the Nov. 15 summit, visit http://register.extension.iastate.edu/fbfg.