Monsanto Announces $400 Million Expansion To Chesterfield Center

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CHESTERFIELD, MO (KTVI)-- Good news on the economic front as plant science giant Monsanto announces its adding hundreds of jobs at its Chesterfield village research center.

It`s a project that will help boost the struggling economy in the St. Louis region.

Monsanto is adding high paying jobs in a high-tech industry that focuses on agricultural research.

The $400 million expansion project calls for bringing the company`s research and development teams together at its Chesterfield village research center.

Hiring 675 new scientists across St. Louis County and creating more office and lab space, green houses and plant growth chambers to develop seeds to improve the quality of food and farm productivity.

Monsanto has about a thousand employees at the research center, which could house up to 2,000 when the expansion project is completed.

Company executives made the announcement about the expansion Tuesday at the international bio tech convention in Chicago, where some of the world's brightest minds in the industry have gathered to introduce new technology and to discuss the latest trends in the industry.

Illinois Governor Pat Quinn was there too praising Monsanto`s announcement and underscoring the importance of bio-technology.

Monsanto plans to kick off its expansion project this summer. It's scheduled to be completed in three years.