Monsanto Co., a Missouri-based agtech company, has awarded a $500,000 grant to T-REX, a St. Louis based non-profit business and technology incubator, to support the creation of a new Geospatial Resource and Innovation Center. The new center will provide workforce training and incubator space for start-up companies that are focused on geospatial technology.
“I am thrilled and honored that Monsanto has chosen to support T-REX in our vision to make St. Louis an international hub of geospatial expertise and innovation,” said Patricia Hagen, T-REX President. “Once completed, the Geospatial Resource and Innovation Center will enable us to develop space and resources for training, innovation and entrepreneurship that will have significant beneficial, long-term economic effects throughout the St. Louis region.”
There are currently more than 200 companies and start-ups housed at T-REX, which is also located about two miles away from the National Geospatial Intelligence Agency’s (NGA) construction site. NGA announced plans to build its $1.7 billion western headquarters on a 100-acre site in north St. Louis, in 2016.
“Our support of T-REX’s new Geospatial Resource and Innovation Center aligns with Monsanto’s commitment to economic development, entrepreneurship and workforce development,” said Al Mitchell, President of the Monsanto Fund and Monsanto’s Vice President of Community Relations. “We are excited to participate in this unique partnership that will promote new geospatial job opportunities in St. Louis.”
For more information on why Missouri could be a prime location to launch or grow your business, contact Steve Johnson, CEO of Missouri Partnership, at 314.725.2688 or via our contact form, with any questions you might have, and learn how Missouri Partnership can help with your business expansion and investment needs.