Job Creation

Aurobindo Pharma USA to Establish New R&D and Manufacturing Center in Durham, NC

Aurobindo Pharma USA, Inc. has officially announced the selection of Durham, NC as the location for their new R&D and manufacturing center.

Aurobindo USA

Aurobindo USA (photo – aurobindousa.com)

Supported by incentives under the North Carolina Job Development Investment Grant (JDIG) program, and additional Durham economic development incentives, the company is investing over $31.7 million in a new state-of-the-art national headquarters for specialty pharmaceutical R&D.

The company expects to create 275 new R&D and pharma-manufacturing jobs in Durham. The company currently employs 14 scientists and workers in Raleigh. Their expanded operations will create a $17.1 million annual payroll impact for Durham and surrounding counties.

Dayton, NJ-based Aurobindo Pharma USA is a unit of Aurobindo Pharma Limited, headquartered in Hyderabad, India. The publicly-held parent company (BSE: AUROPHARMA) is recognized as one of the top 10 pharmaceutical companies (brand or generic) in terms of total prescriptions dispensed. Last year, Forbes Asia named Aurobindo Pharma to its “Fabulous 50” list. The company employs a worldwide workforce of 15,500.

Governor Pat McCrory said in a statement that “Our state is eager to partner with this global company as it embarks on its business objectives and grows its presence in North Carolina’s life sciences community.”

Dr. Ninad Deshpanday, President, R&D, Aurobindo Pharma USA, Inc., added that “We are very excited about our plans for expansion of our specialty pharma R&D and manufacturing in North Carolina, and are thankful to EDPNC, Durham City, Durham County and the State of North Carolina for supporting our decision.”

Apart from the Research Triangle site in Durham, the company also considered locating this new facility on land it owns at its headquarters in New Jersey.

In order to secure the project, North Carolina has awarded the company incentives under the JDIG program. Under the terms of the company’s JDIG, Aurobindo Pharma USA is eligible to receive up to $3.8 million in total reimbursements that will paid as 13 annual installments. Aurobindo Pharma USA’s North Carolina expansion could provide as much as $1.2 million in new funds for the state’s Utility Account to help finance economic infrastructure in less populated Tier 1 and Tier 2 counties.

Durham County and the City of Durham are additionally providing local incentives per job created, in addition to job training funding and support and usage of the NCWorks Career Center system for recruitment.

Apart from the City and County, NC Commerce, and the Economic Development Partnership of North Carolina (EDPNC), other partners who helped secure the project include the Greater Durham Chamber of Commerce and NC Biotechnology Center.

Michigan Project Announcements by Ford, FCA US, Duo Security

Three major project economic development announcements are in the spotlight in Michigan today, including large investments by Ford and FCA US in the state’s automotive sector.

Michigan

Michigan (photo – andyphelan45/flickr)

First up, Ford announced that it is investing $1.6 billion to upgrade two of its manufacturing facilities in Michigan and Ohio.

The $1.4 billion investment in Livonia Transmission Plant and $200 million investment in Ohio Assembly Plant are part of Ford’s $9 billion commitment made in their recent UAW-Ford collective bargaining agreement to continue investing in Ford’s U.S. plants.

Ford’s latest investment creates or retains 500 hourly jobs in Michigan at Livonia Transmission Plant to build a new 10-speed transmission. The Livonia Transmission Plant employs more than 1,550 people. The investment and 150 hourly jobs at Ohio Assembly Plant, located in Avon Lake, will be used to build Super Duty chassis cab. The Ohio Assembly Plant employs more than 1,650 people.

Ford has committed to 2,800 U.S. jobs in the past five months, and has invested $12 billion in its U.S. plants and created a total of nearly 28,000 U.S. jobs in the past five years.

The second major announcement was by FCA US, which announced today that it will invest $74.7 million in its Trenton Engine Complex in Michigan to retool the north plant to produce the next generation four-cylinder engine, retaining 245 jobs. The engine will provide increased power, while improving fuel economy and reducing CO2 emissions.

Brian Harlow, Vice President – Manufacturing, FCA North America, said in a statement that “This investment in our flexible production line at Trenton North will allow us to quickly ramp up North American production of this new fuel-efficient engine.”

Headquartered in Auburn Hills, MI, FCA US is a member of the Fiat Chrysler Automobiles N.V. (FCA) family of companies. Since 2009, FCA US has announced investments of more than $2 billion in Michigan and added nearly 15,600 new jobs, bringing total employment in the state to 35,314 people.

The third jobs announcement for the day in Michigan comes courtesy of Ann Arbor economic development group SPARK, which announced an expansion by Duo Security, Inc. This project is expected to generate nearly $2.5 million in total investment and support the creation of up to 300 direct Michigan jobs over the next three years.

Duo Security first established its Ann Arbor technology facility in 2009. Citing the technology environment, attractive business climate, and highly qualified talent pool, the company chose to invest in its Ann Arbor headquarter operations over competing sites.

The Michigan Strategic Fund has approved a $2.5 million Michigan Business Development Program performance-based grant. The MSF board approves grants and loans administered by the Michigan Economic Development Corporation, which promotes economic development opportunities including retaining and attracting business to the state.

Ann Arbor SPARK provided direct support to Duo in working with the state on its application for incentives. Going forward, SPARK will assist with talent recruitment and attraction.

MEDC Chief Executive Officer Steve Arwood said in a statement that “Duo’s expansion in Michigan rather than Silicon Valley means excellent, well-paying jobs for Michigan residents and underscores the strength of the talent in the state’s technology sector.”

B. Braun Medical Brings $100M Investment and 175 Jobs to Volusia County, Florida

B. Braun Medical Inc., the world’s tenth largest medical device manufacturer, is coming to Florida. The company announced that it will be opening its first Florida manufacturing facility in Daytona Beach.

Daytona Beach, FL

Daytona Beach, FL

Supported by Enterprise Florida, Team Volusia Economic Development Corporation, Daytona Regional Chamber of Commerce, City of Daytona Beach and Volusia County, the company is making a capital investment of $100 million at the former Baxter Pharmaceutical Solutions facility in Daytona Beach.

The project is expected to create 175 direct new jobs for Daytona Beach and Volusia County. These will be jobs with an average annual wage of $41,963, and total cumulative payroll of $37,766,025.

Braun Medical is part of the B. Braun Group of Companies, whose U.S. headquarters is located in Bethlehem, PA. The Group employs more than 54,000 employees in more than 60 countries, including about 4,700 in the United States. B. Braun Medical’s existing facilities are located in Allentown, PA and Irvine, CA.

This new facility in Daytona Beach will be a key part of helping to address the significant shortage in medical IV product solutions in the U.S. and in world markets.

The package of incentives offered to secure the project includes a 7-year ad valorem tax exemption from Volusia County with an estimated total value of $1,384,326.

Governor Rick Scott met personally with B. Braun executives during his domestic trade mission to Pennsylvania last year. In a statement announcing the project for Florida, Gov. Scott said that “I am proud to announce today that our work to bring B. Braun to Florida has paid off, and that the company has chosen Florida as the best location to grow and create 175 new jobs.”

The Governor added that this announcement shows that “our domestic trade missions are working to bring new opportunities to our state.”

Bruce A. Heugel, senior vice president of B. Braun Medical, added that “With its low taxes and business friendly environment for manufacturers like B. Braun, Florida was the best choice for expansion. We appreciate Governor Scott’s support and look forward to B. Braun’s future success in the Sunshine State.”

Teresa Rand, Chair of the Daytona Regional Chamber of Commerce, noted that “This is a great example of the type of company that will help diversify our workforce and be a catalyst to generate interest in Volusia County as a great place to conduct business.”

Ohio Approves State Assistance For Seven Projects Including SportsBrain Relocation

At its latest meeting, the Ohio Tax Credit Authority (TCA) approved assistance for seven economic development projects set to create 530 jobs and retain 536 jobs statewide. Collectively, these projects are expected to spur $24.1 million in investment across Ohio, and will result in $21,241,653 in new payroll.

SportsBrain

SportsBrain (photo – sportsbrain.com)

One of the key projects in the lot is a Dublin economic development project that will bring the corporate headquarters of healthcare company SportsBrain LLC to Dublin, OH from its current Chicago location.

SportsBrain will create 17 new jobs with $1.6 million in new annual payroll in the Columbus Region, at a site in Dublin that is yet to be determined. The company plans to keep a sales office in Chicago.

Kristine Gross, president, SportsBrain LLC, said in a statement that “We made the strategic decision to locate our corporate headquarters in the Columbus Region because the area offers the right blend of proximity to sports organizations, a strong university system, a robust healthcare network and cost advantages.”

SportsBrain, LLC is a wholly owned subsidiary of Cognitive Ventures, LLC – a healthcare company making a difference in sports, military, corporate and healthcare sectors. SportsBrain promotes brain safety, and is a leader in concussion testing and comprehensive end-to-end concussion management plus cognitive therapy and performance programs.

The Ohio TCA has approved a 1.426 percent, six-year Job Creation Tax Credit (JCTC) for this project. Two other Columbus region economic development projects approved for state assistance include an expansion in the City of Columbus by Ball Metal Food Container, LLC and a new project by GENCO I, Inc.

Ball Metal manufactures packaging for food, beverage and household goods, and is creating 50 full-time jobs. The TCA has approved a 1.228 percent, six-year JCTC for this project. GENCO I, Inc. provides logistic services, and is 82 new jobs at this new facility in Columbus. The TCA approved a 1.153 percent, six-year JCTC for this project.

Meanwhile, regional economic development organization REDI Cincinnati announced that two of its projects have also been approved to receive state assistance. Online estate sale company Everything But the House (EBTH.com LLC) plans to expand its footprint in the region, at a location that is yet to be determined.

EBTH.com’s $1 million investment and expansion plan includes the creation of 275 new jobs and the retention of 97 jobs. The TCA has approved a 1.259 percent, seven-year JCTC for this project.

The second Cincinnati project is Rotex Global, LLC, a subsidiary of Hillenbrand. Rotex provides high-quality screening machines to separate dry materials. The company is expanding its operations in the City of Cincinnati with a $400,000 investment and the creation of 20 full-time jobs, and retention of 165 jobs. The TCA has approved a 0.722 percent, five-year JCTC for this project.

Kimm Coyner, managing director of projects and JobsOhio liaison for REDI Cincinnati, said in a statement that “Seeing regional companies like EBTH and Rotex Global grow is always encouraging. When strong companies like these commit to growing and hiring people here, our regional economy thrives.”

The remaining two projects approved for state assistance are Risk International Services, Inc. and ATK Space Systems, Inc. The latter is consolidating its operations in the Ohio cities of Kettering and Beavercreek, and will create 68 new jobs as part of this process. The company has received approval for a 1.701 percent, seven-year JCTC.

Risk International Services, Inc. is expanding its operations in the City of Fairlawn, OH, and expects to create 18 new full-time jobs. The TCA has approved a 1.401 percent, six-year JCTC for this project.

Healthcare Data Company ChartSpan’s Expansion Brings 300 Jobs to Greenville, SC

Healthcare data company ChartSpan Medical Technologies, Inc. has announced plans to establish and run clinical support operations at a new location in downtown Greenville, SC.

Greenville, SC ChartSpan

Photo – greenvilleeconomicdevelopment.com

Backed by venture funding, South Carolina job development credits and support from the Greenville Area Development Corporation (GADC), the company is making a $3.2 million capital investment and has signed a lease for nearly 100,000 square feet of office space at 2 North Main Street.

ChartSpan expects to bring 300 new healthcare jobs to this facility in Greenville, making the company one of the largest employers in the downtown area.

The three year old technology start-up helps doctors and patients engage with each other through portals, mobile apps and chronic care services. The startup relocated to Greenville from Texas as one of ten businesses accepted to the Iron Yard Ventures Healthcare Accelerator Program in 2013.

Upon exiting from the accelerator program, the company was offered state and Greenville economic development tax and job creation incentives to stay in Greenville. ChartSpan agreed, and made Greenville its headquarters location with support from GADC and NEXT.

NEXT is a program of the Greenville Chamber, created to attract and grow high-impact, knowledge-based companies by developing an entrepreneurial ecosystem and connecting entrepreneurs to it. The NEXT Innovation Center provides flexible office space options for innovative companies, entrepreneurs, and technology companies.

Supported by NEXT and GADC, ChartSpan has grown into one of the leading patient engagement companies in healthcare over the last two years. ChartSpan’s patient technologies have become the most downloaded medical app in the United States. The company released its new patient engagement product suite last month, and has already signed more than $9,000,000 in customer contracts.

In order to secure this latest expansion and the 300 jobs the company will bring, the South Carolina Coordinating Council for Economic Development has approved more job development credits for ChartSpan.

ChartSpan CEO and Cofounder Jon-Michial Carter said in a statement that “We have a deep love and affinity for Greenville. The State Department of Commerce, the Greenville Department of Economic Development, NEXT and Greenville city leaders have helped us every step of the way.”

Governor Nikki Haley likewise responded that “ChartSpan’s $3.2 million investment, and the 300 new jobs it will create, will have a huge impact in Greenville and across the state, and we couldn’t be more excited to continue this partnership and watch them succeed here for a very long time.”

Greenville County Council Chairman Dr. Bob Taylor added that the County continues to grow and support cutting-edge technology companies like ChartSpan because of the high quality of life, well-educated workforce and innovative business sector. “We are thrilled to see ChartSpan’s entrepreneurial spirit and efforts lead to this expansion here in Greenville,” said Taylor.

Amazon Expands Again in Haslet, Texas With Second Fulfillment Center and 1000 Jobs

Amazon.com, Inc. (NASDAQ: AMZN) has announced plans to open yet another fulfillment center in Texas. This will be the second Amazon fulfillment center in Haslet, the fourth in the Dallas-Fort Worth metroplex, and the sixth overall in Texas.

Haslet econdev Amazon fulfillment

Photo – haslet.org

The new 1 million square-foot fulfillment center will create another 1,000 new jobs for Haslet and the region, adding to the more than 8,000 full-time hourly associates Amazon already employs at its Texas fulfillment centers in Haslet, Coppell, southern Dallas and Schertz, with a fifth currently under construction in San Marcos.

Amazon also has three sortation centers in Texas located in Irving, Houston and San Antonio.

Akash Chauhan, Amazon’s Vice President of North American operations, said in a statement that “We are appreciative of the community, not just in Haslet but the entire Dallas area for its support of Amazon, its top-notch workforce and the customers who enable us to continually grow across the country.”

Employees at the new Haslet facility will pick, pack, and ship smaller customer items such as books, electronics and toys. The arrival of Amazon’s physical fulfillment and sorting centers in Texas has been particularly helpful for Haslet economic development.

Amazon first announced plans to open three Texas fulfillment centers in Coppell, Haslet and Schertz in Jan 2013 with 1,000 jobs. That first 1.2 million-square-foot Haslet facility, located in the AllianceTexas development, also handles smaller items. Since opening in Haslet, Amazon has announced two subsequent expansions last year, bringing the workforce count at this facility up to over 2,000 associates.

After the company announced its $21.5 expansion last year, David Miracle, then executive director of Haslet Economic Development, said in a statement that “We work hard to attract business to the community and it is always rewarding to have an expansion of an existing employer — especially one that creates such a large number of jobs as well as significant direct benefits for the City.”

Following this latest announcement of a second large fulfillment center with another 1,000 jobs, Haslet Mayor Bob Golden likewise noted that “Amazon has been not only a significant job creator in Haslet, but also a great community partner. Just a few months ago, the company donated Amazon tablets to a local school and $2,000 in gift cards to promote the use of technology in the classroom.”

The arrival of an Amazon fulfillment center and the large number of jobs it brings is also valuable to a community for workforce development, due to the many career enhancement opportunities the company provides.

For example, under the Career Choice initiative, the company will pre-pay up to 95 percent of tuition on behalf of its associates for courses related to in-demand fields, regardless of whether the skills are relevant to a career at Amazon. Since the program’s launch, employees have been pursuing degrees in diverse fields such as game design and visual communications, nursing, IT programming and radiology, to name a few.

TD Ameritrade Expansion in Ann Arbor, Michigan to Create 75 Jobs Related to Stock Trading Software

Financial services firm ThinkTech, Inc., a technology subsidiary of TD Ameritrade Holding Corporation (NASDAQ: AMTD), is expanding its operations in Ann Arbor, MI.

TD Ameritrade Park

TD Ameritrade (photo – Skinzfan23/wikimedia)

Supported by Ann Arbor SPARK and the Michigan Economic Development Corporation, the company will open a new high-tech financial services office in Ann Arbor to develop stock trading software.

This high-profile Ann Arbor economic development project will generate up to $5.75 million in total capital investment and create 75 new jobs.

Marv Adams, executive vice president and chief operating officer, TD Ameritrade Holding Corporation, said in a statement that “The city of Ann Arbor has a flourishing technology and business community that we want to continue benefiting from and contributing to.”

ThinkTech chose Ann Arbor and Michigan for this project over competing sites in New Jersey, Nebraska and Illinois. In order to secure it, MEDC has announced Michigan Strategic Fund approval of a $500,000 Michigan Business Development Program performance-based grant.

MEDC Chief Executive Officer Steve Arwood said in the release that “TD Ameritrade’s investment means Michigan residents will find good job opportunities that could well have gone to other states.”

Ann Arbor SPARK, the public-private economic development partnership working to advance the economy of the Ann Arbor region, has provided assistance to TD Ameritrade since it began to expand in the region, and is currently helping the company recruit new hires.

TD Ameritrade first established its Ann Arbor technology facility in early 2014. It’s worth noting that the company’s new location is in the McKinley Towne Centre in space formerly occupied by Google, which is itself relocating to a new facility in Ann Arbor.

Paul Krutko, president and CEO of Ann Arbor SPARK, highlighted these moves as signs of a healthy economy. “TD Ameritrade’s new technology location in downtown Ann Arbor is exciting: It means more people working, shopping, and dining in Ann Arbor, which adds to the vibrancy of our community and our economy,” said Krutko. “What’s more, with its move to a new location, there’s now great space on the real estate market that’s ideal for another tech company. This cycle of moving in and moving up is a sign of a healthy economy.”

TD Ameritrade Holding Corporation (NASDAQ: AMTD) is the holding company of Omaha, NE-based online broker TD Ameritrade. Last year, the company generated $3.247 billion in revenue offering investing and trading services for more than six million funded client accounts that total more than $650 billion in assets.

 

Chocolate Maker MAST Relocates to Green Manufacturing Center in Brooklyn Navy Yard

The Brooklyn Navy Yard announced that chocolate maker MAST CHOCOLATE, founded by brothers Rick and Michael Mast, will move into the Green Manufacturing Center at the Yard.

Mast Brothers Chocolate Brooklyn

Mast Brothers Chocolate Brooklyn (photo – SanFranAnnie/flickr)

The company is leasing 65,000 square feet of waterfront space at the Brooklyn Navy Yard. Rick Mast, co-founder and CEO of MAST said in a statement that “We are humbled by the opportunity to grow our family business in such a stunning, historic, and state-of-the-art facility in the Brooklyn Navy Yard.”

This is a sweet project for the Yard and Brooklyn economic development in more ways than one. For starters, MAST, which has existing locations in Brooklyn, London and Los Angeles, will now more than double their existing workforce of nearly 75 people, with a long-term plan to create 100 more jobs.

Secondly, it means that the Brooklyn Navy Yard’s Green Manufacturing Center (GMC), a state-of-the-art LEED-certified manufacturing facility and former ship building facility, is now fully leased. The $68 million first phase completion of the project is expected to bring a total of 800 jobs to the Yard. Apart from MAST, tenants at GMC include Crye Precision, New Lab, and the Brooklyn Roasting Company.

The Navy Yard’s onsite Employment Center will assist MAST with their HR and recruitment plans, helping to place local residents into the jobs being created.

NYC Deputy Mayor for Housing and Economic Development Alicia Glen said in the release that “We’re excited to be bringing good jobs and food manufacturing to the Brooklyn Navy Yard and hope to attract even more iconic New York businesses to ensure that local brands are making their products here at home.”

Brooklyn Navy Yard President and CEO David Ehrenberg added that MAST, and all the tenants at the fully-leased Green Manufacturing Center, will continue to boost the entire Brooklyn and New York City economy.

“With nearly $700 million in development currently underway at the Yard, we’re thrilled to complete the first step of our larger redevelopment plan, which will add over 2.5 million square feet of space and more than 9,000 additional jobs on the Yard by 2020,” said Ehrenberg.

The Brooklyn Navy Yard, which opened in 1801, was among the first six federal shipyards. Peak activity occurred during World War II, when some 70,000 people worked at the Yard. Today, the 300-acre Brooklyn Navy Yard is a city-owned site and a sustainable, urban manufacturing center with over 300 businesses employing 7,000 people, in the process generating over $2 billion in annual economic impact for the City.

Some $700 million in new development is underway at the Yard, and will result in the creation and reactivation of more than 2,000,000 square feet of new space for manufacturers, creative, technology, and other industrial companies. Employment at the Yard is expected to more than double in the next few years, jumping to 16,000 by 2020.

The MAST CHOCOLATE relocation also marks the introduction of a community programming initiative called M.A.S.T. (Math, Art, Science, Technology), which will bring grade-school students from local Brooklyn public schools into the production facility throughout the year for programming in conjunction with public tours.

At their new facility, the Mast brothers will continue to produce their signature bean to bar chocolate for retailers and chefs around the globe. The company will also be debuting the first-ever chocolate brewery, where they will be brewing, bottling, kegging, and distributing their popular non-alcoholic chocolate beer.

Australian Company Eden Gets $25M Augusta, Georgia Incentives For EdenCrete Manufacturing Project

EdenCrete Industries Inc. (ECI) has announced the selection of the Augusta Corporate Park in Augusta, GA as the location for a large-scale production facility and global manufacturing headquarters.

EdenCrete

EdenCrete (photo – Augusta EDA)

Supported by a package of state and local incentives totaling nearly $25 million, the company will invest $67 million to construct the plant. ECI expects to create 251 new jobs for Augusta and Richmond County.

The first phase, planned to be completed in four stages over the next seven years, has a planned annual production capacity of 50 million gallons of EdenCrete concrete admixture. The site has sufficient area to accommodate a further nine similar phases as demand grows.

EdenCrete Industries Inc. is a wholly owned subsidiary of Perth, Australia-based Eden Energy Limited (ASX:EDE). ECI has been established to manufacture and market EdenCrete, Eden’s proprietary carbon nanotube enriched concrete admixture that significantly improves many of the performance characteristics of concrete.

In a statement announcing the project for Augusta and Georgia, Governor Nathan Deal said that “When global manufacturing companies like EdenCrete Industries Inc. choose to locate to Georgia, it is a testament to the international reputation of our top-ranked business climate.”

Greg Solomon, chairman of Eden Energy, added that they selected Georgia, and in particular Augusta, to establish their global manufacturing base, not only because of the government’s support for industry and Georgia’s highly efficient transport access to both the North American and international export markets, but also, because of “the warmth of its people, the quality of its workforce and the attractive standard of living and opportunities that it offers our future employees.”

Augusta Mayor Hardie Davis said in the release that “Augusta-Richmond County welcomes ECI to our continually growing business community.” The Mayor added that their innovative products and process is exactly the kind of company that finds the perfect location in Augusta.

Augusta Economic Development Authority (AEDA) Chairman Henry Ingram likewise noted that “ECI combines a long-time manufacturing process with new age technology innovations, and we are proud to welcome them to the Augusta Corporate Park.”

AEDA worked on this project in partnership with the Georgia Department of Economic Development (GDEcD), GDOT, the Augusta-Richmond County Commission, City of Augusta, Augusta Utilities, and Cranston Engineering Group, P.C.

The company is getting a generous financial assistance and incentives package estimated to be worth up to $24.76 million over the next 20 years. This includes $11.59 million from the State of Georgia and another $13.17 million to be provided by local entities, as follows:

– A grant of 112 acres of industrial land in the Augusta Industrial Park worth $2.8 million, with an option over a further 31.5 acres;

– Approximately $5.8 million in property tax breaks over 20 years through the AEDA Industrial Revenue Bond program;

– $2.5 million from the AEDA for road improvements, along with $100,000 towards site preparation costs, and $400,000 for securing rail access to the site;

– $500,000 from GDEcD towards the cost of establishing the road, and for training and hiring assistance; and

– $1.57 million from Augusta Utilities to install water and waste water lines to site.

The company will also get various other state and local tax benefits including state job tax credits; county property tax exemptions; inventory tax, and freeport exemptions; and state sales and use tax exemptions.

Monsanto Board Approves $975M Expansion in Luling, Louisiana

The Board of Directors of the Monsanto Company (NYSE:MON) has given its final approval for a $975 million capital expenditure over the next three years to expand the company’s manufacturing site in Luling, La.

Monsanto

Monsanto (photo – BAMCorp/flickr)

This large investment in its Greater New Orleans operations, originally announced in June 2015, will enable dicamba manufacturing at the site to support the launch of the company’s Roundup Ready Xtend Crop System.

When completed, the expansion project will create 95 new direct jobs with an average annual salary of $76,500, plus benefits. The project also helps the company retain 645 existing jobs in Luling, and will create another 20 new contractor jobs.

Louisiana Economic Development furthermore estimates that the project will result in another 450 new permanent indirect jobs, for a total of more than 540 new jobs in Louisiana. Monsanto estimates the project will generate 1,000 construction jobs at peak building activity.

Monsanto COO Brett Begemann said in a statement that “With more than 60 years of commitment to the Luling community, we are proud to move forward with this facility expansion and play a role in the economic well-being of South Louisiana.”

Gov. John Bel Edwards likewise noted that “We’re encouraged by Monsanto’s vote of confidence in Louisiana as a great place to do business and a vital part of its manufacturing operations.”

LED’s Business Expansion and Retention Group began formal project discussions with Monsanto about this project in March 2015. In order to secure it, Louisiana has offered Monsanto a performance-based Modernization Tax Credit of $3.75 million, along with a $1.7 million Economic Development Award Program grant to reimburse rail and electrical infrastructure costs associated with the expansion.

The company will receive workforce training support through LED FastStart, and Monsanto is expected to utilize the state’s Quality Jobs and Industrial Tax Exemption programs.

This is the largest single investment in the company’s history, and the project’s impact in St. Charles Parish and the Greater New Orleans region is likewise going to be significant.

St. Charles Parish President Larry Cochran said in the release that “This expansion will generate economic growth in our community in the form of high-paying job opportunities for local residents and procurement opportunities for local small businesses.”

Michael Hecht, president and chief executive officer of Greater New Orleans economic development organization GNO Inc., added that “Monsanto’s decision to reinvest in St. Charles Parish represents a vote of confidence in the business climate of greater New Orleans and Louisiana.”

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