Who’s buying who? Iowa awards grant for Monsanto seed plant
August 1, 2008
Iowa has awarded a state grant to help pave a road to a proposed Monsanto Co. seed corn plant near Independence. The grant, approved by the Iowa Transportation Commission, is for $280,000.
St. Louis-based Monsanto plans to spend more than $90 million on the plant at a 150-acre site. The company says it would employ 47 people and offer about 700 seasonal jobs at the plant, set for completion in 2010.
The facility is a part of more than $230 million in investment by Monsanto in Iowa. Monsanto operates two other seed corn production facilities in Iowa.
In May, Monsanto received tax benefits of up to $7.5 million from the Iowa Department of Economic Development.
In June Monsanto gave Iowa $1 million to assist in flood relief.
Perhaps Iowa should change it’s name to Monsantowa.
See also: The World According to Monsanto
Sources: http://www.msnbc.msn.com/id/25704935/, http://webstar.postbulletin.com/agrinews/292317371642538.bsp, http://www.soyatech.com/news_story.php?id=7648