All month long Missouri Partnership is taking a look back at some of Missouri’s biggest stories in economic development from the past year, and today we are taking a look back at Bayer AG and Monsanto’s $66 billion merger, and the plan to establish their new global Seeds & Traits and North American commercial headquarters in St. Louis, Missouri.
In June, the companies announced they had completed their $66 billion definitive joint merger, which was originally announced in 2016. Missouri’s agriculture industry contributes $33 billion in GDP to Missouri’s economy, and generates $88 billion in sales and more than 378,000 jobs. In fact, so much agricultural product is shipped via river barge from the St. Louis region that a 15-mile section of the Mississippi is becoming known as the “Ag Coast” of America.
You can check out our full coverage here.
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 needs.