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National & World Ag News Headlines |
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Monsanto Announces Major Expansion of St. Louis F&D Facility
USAgNet - 05/23/2016
Monsanto said last week that it would add 675 jobs and invest more than $400 million at its research facility in Chesterfield, Missouri. St. Louis Post-Dispatch reports that the company will add laboratories, greenhouses and plant growth chambers over the next
three years at its Chesterfield Village Research Center, and plans to hire hundreds of scientists to help it develop new plant and seed technologies.
The project calls for the addition of 400,000 square feet of lab space, greenhouses and high-tech plant growth chambers at the research center, which it originally built in 1984 and reacquired from Pfizer in 2010. Construction is scheduled to begin in August.
Governor Jay Nixon says the investment, as well as the creation of hundreds of high-paying jobs in the St. Louis region, will help cement Missouri's place in the burgeoning plant-science industry.
Meanwhile, Monsanto will be eligible for $22 million in Missouri Quality Jobs tax credits if it creates all 675 promised jobs, and the Missouri Development Finance Board is considering a request for $9.5 million in Build Missouri bonds. St. Louis County plans
to offer about $22 million in tax breaks, said County Executive Charlie Dooley, who also traveled to Chicago for the announcement.
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