Thursday, March 4, 2010

DuPont (NYSE:DD) Building Soybean Plant

DuPont Soybean Seed Plant

DuPont (NYSE:DD) announced it'll be building a new soybean seed production plant via its subsidiary Pioneer Hi-Bred in Missouri. It'll located in New Madrid County.

The $55 million plant is scheduled to open sometime in the fall of 2011.

If DuPont gets all the perks it's applying for, taxpayers of Missouri will be paying out a hefty sum for the 50 workers which will eventually work at the production facility.

For example, DuPont has made an application for $3.4 million in state tax credits, an exemption from sales tax on energy costs, a land grant from the county, and another $230,000 for jobs training.

No wonder government continues to intrude in business, business keeps going to them (us) for handouts.

DuPont Soybean Seed Plant

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