Some major economic news for Stevens Point.
A 760 acre piece of land has been certified as a development ready site by the Wisconsin Economic Development Corporation.
That means it's ideal for business and job creators.
“What took place today is probably one of the most important watershed moments in economic development for the city of Stevens Point," said Andrew Halverson, Mayor of Stevens Point.
"This is by far the largest site that we've certified in the state of Wisconsin," said Reed Hall, Secretary CEO of W.E.D.C.
Officials say the designation should help provide new economic opportunities in central Wisconsin.
Mayor Halverson says none of the land has been sold yet.
"The impact of a site of this size and the thousands of jobs that can be created over the next 20 to 30 years is a huge opportunity," added Halverson.
The certification means the land is ready for development and should meet all of the needs of any kind of business.
Experts say it should give Portage County an edge in attracting new industries.
"Having it certified means that the utilities are there, there's a great workforce available, there is no environmental concerns, great roads, great railroad there and it's ideal for development," added Hall.
We asked officials how much the certification cost the city.
Halverson says the land owners covered the fees up front of about $16,000.
"To have it be the largest in the entire state represents a huge economic opportunity for all of us, all of the buyers concerns are alleviated because of that certification, so will it do any good? Absolutely it will," said Halverson.
The certification means the site, called East Park Commerce Center, met certain requirements including minimum size.
Some of the 11 other sites that have been certified are in Beaver Dam, Beloit, Chippewa Falls, and Fitchburg.