JEFFERSON CITY – Bayer AG will create 500 jobs on the Creve Coeur campus and invest $ 164 million in improvements there. This, according to Governor Mike Parson, will strengthen the state's "already successful ag-tech industry" and promote the company's long-term growth. Limited commitment to the region.
Parson said Bayer has agreed to receive 4,400 jobs in the St. Louis area and add 500 more. The average salary for the new jobs will be $ 1
The announcement was made possible in part by the shuttering of Bayer's North American plant science headquarters in Raleigh, North Carolina, said Lisa Safarian, President of Bayer's North America Business Unit.
She said the 500 jobs in St. Louis are a combination of transfers from North Carolina and new hires.
"Bayer's headquarters were in Raleigh, North Carolina," Safarian said at a press conference Tuesday. "And to close the headquarters, we will take these people to St. Louis."
A company spokesman later announced that Bayer's environmental science activities will continue to take place in Cary, North Carolina.
It was not clear if the 4,900 jobs – 4,400 jobs and 500 new ones – represented a net income for the workforce in St. Louis.
Bayer had been in talks with representatives of state economic development when it came to investing in its workforce here or in the East Coast. The company informed Post-Dispatch in 2018 that it had approximately 5,400 employees at its two sites in St. Louis.
Following the announcement of the merger, Monsanto announced in September 2016 that it had 4,100 employees in St. Louis, including several hundred remote workers, temporary workers or contractors.
A company spokesperson said that the $ 164 million investment made on Tuesday's call for tenders would have a major impact on building improvements for the new staff. The state has offered incentives totaling US $ 44 million, mainly through its Missouri Works program, which allows companies to withhold their employees' income tax if their employment goals are met. State incentives would be paid over seven years. St. Louis County also offers a $ 2 million property tax credit.
Rob Dixon, director of the State Department of Economic Development, has justified Bayer's decision as a victory for Missouri.
"We're looking at that again as a strategic investment in the state," said Dixon. "The state competed for these jobs … we are competing for the long-term economic opportunities for our state."
St. Sam Page, Executive of Louis County, welcomed the news at the press conference.
"Since St. Louis County continues to be the global epicenter of agricultural and plant science, I thank Bayer for expanding our momentum." Page, a Democrat, said.
Bayer's predecessor Monsanto received a significant public support commitment in 2013 when it announced a $ 400 million investment in its Chesterfield research campus. The state promised up to $ 22 million in incentives and St. Louis County $ 22 million in tax relief in exchange for the company, which creates 675 scientific jobs in Chesterfield.
In January, Bayer announced it would close its campus in Pittsburgh, the North American headquarters of the German conglomerate, for decades, and consolidate plant science administrators in St. Louis and health care in New Jersey.
Bayer is reviewing adding jobs to the Creve Coeur campus where Monsanto headquarters employees work in contrast to the Chesterfield research and science department.
A company spokesman said on Tuesday that the job rankings set the tone and would include positions in information technology, marketing, law, human resources, and research and development.
According to Darren Wallis, a Bayer spokesman, some of the jobs could be located on the company's Chesterfield campus.
Enterprise support functions are often the most vulnerable after large business mergers. For example, overlapping information technology and human resources departments can often consolidate. The investment in the Creve Coeur campus, Monsanto's former global headquarters, is helping to address at least some concerns about a significant reduction in jobs there as a result of the merger.
Jacob Barker of the Post-Dispatch contributed to this report.