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Monsanto Plans $400M Expansion in Chesterfield

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ST. LOUIS (KMOX) – Monsanto Co. plans a $400 million expansion at its Chesterfield research center that could add 675 jobs over the next three years.

The St. Louis-based agricultural products company said Tuesday that it plans to add 36 new greenhouses, plus additional “plant growth chambers,” offices and laboratory space at its Chesterfield Village Research Center.

St. Louis County Executive Charlie Dooley couldn’t be happier that a major Fortune 500 company is making a big commitment to St. Louis County.

“In the furtue St. Louis will be the place to be. There is no question about that,” Dooley told KMOX Tuesday.

Monsanto says it will shift some existing employees to the new site from its Creve Coeur campus and hire new workers.

The average salary of those workers would be around $85,000 and according to County Executive Dooley says the jobs should attract scientists from around the world. The area already has more plant scientists then anywhere else in the world.

Monsanto did look at other areas, but considered their history with St. Louis County and also the presence of the Danforth Plant Science Center and Washington University.

Monsanto could receive more than $31 million of state incentives for the expansion.

Construction is scheduled to begin in August and be completed in 2017.

Monsanto already has about 1,000 employees, two acres of greenhouses, about 250 laboratories and 122 plant growth chambers at the Chesterfield site.

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(TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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