MGE Pledges $500,000 for Innovation Center Expansion.Business Editors MADISON, Wis adv. 1. Certainly; really; indeed. v. t. 1. To think; to suppose; to imagine; - used chiefly in the first person sing. present tense, I wis. See the Note under Ywis. .--(BUSINESS WIRE)--July 31, 2000 Madison Gas and Electric Co. (MGE Mge Mycoplasma Genitalium MGE Minneapolis Grain Exchange MGE Madison Gas and Electric Company MGE Mobile Genetic Elements MGE Maintenance Ground Equipment MGE Microstation Graphics Environment MGE Modern Gun Effectiveness Model MGE Modular Gis Environment ) (Nasdaq: MDSN) committed $500,000 toward expansion of the Innovation Center located in the University of Wisconsin Wisconsin, state, United States Wisconsin (wĭskŏn`sən, –sĭn), upper midwestern state of the United States. It is bounded by Lake Superior and the Upper Peninsula of Michigan, from which it is divided by the Menominee Research Park. Construction on the 50,000-square-foot addition to the highly successful business start-up Start-up The earliest stage of a new business venture. facility is expected to begin in August. "We are committed to this facility which supports our business customers during their formative formative /for·ma·tive/ (for´mah-tiv) concerned in the origination and development of an organism, part, or tissue. years," said Gary Wolter, MGE president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "High technology companies provide growth for our gas and electric operations and provide jobs and tax base for our community," Wolter added. In 1988, MGE helped start the first Innovation Center by providing construction loan guarantees. This second expansion comes only one year after the current facility moved its operations into a new, larger building which is again full. "MGE has been with us since day one, and we greatly appreciate their support and cooperation in fostering the growth of the University Research Park," said Mark Bugher, director and assistant secretary and treasurer. The new facility will have a total of 115,000 square feet and be called the MGE Innovation Center. MGE is a public utility that generates, transmits and distributes electricity to 125,000 customers in Dane County. The company also transports and distributes natural gas to 112,000 customers in seven south-central and western Wisconsin counties. MGE has served the Madison area since 1896. |
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