This entry was posted on Thursday, May 7th, 2009 at 6:42 pm and is filed under Business, Triangle Info. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
Bayer CropScience has announced that it will proceed with plans to open the Plant Biotechnology Research center in the Research Triangle area of North Carolina. The research center will be located in the western Wake County city of Morrisville, in close proximity to the Research Triangle Park and the Raleigh-Durham International Airport.
Over the course of the next five years more than $10 million will be invested in the research center and about 130 new jobs will be created. The new site is scheduled to be operational in the fall of this year, and will contribute to an already very successful program of improving crop quality and stabilizing crop yields in the United States. The state of North Carolina will support the project with a multi-year incentive plan to facilitate the development of the center. Incentives will be linked to the company’s performance in meeting targets for employment and other factors.
President and CEO of U.S. subsidiary Bayer CropScience LP, Bill Buckner, recently underscored Bayer’s strong roots in the state, and its desire to expand in the region, citing agricultural innovation and an extremely qualified workforce as powerful assets.