Ag. Enterprise Center Feasibility Study Update

In February, Agricultural Enterprise Center Feasibility Study consultant New Venture Advisors, presented a recommended operating model to the CSPDC and Study Team. The preferred model will continue to be evaluated throughout the duration of the study that is scheduled to complete in May. The model’s concept is to build a centralized agricultural facility and commercial kitchen that supports farmers, entrepreneurs and agricultural enterprises in the Central Shenandoah Valley. If brought to fruition, the Ag. Enterprise Center will provide warehousing for the aggregation, distribution and sale of local products; business incubation and support services for food businesses; and a certified commercial kitchen serving meat and vegetable producers and entrepreneurs.

Next steps include the identification of anchor tenants, development of a capacity model, preliminary breakeven model, building program and bubble diagrams and further financial analysis. Potential sites and a facility floorplan will also be included in the final report.