Bayer expanding its Creve Coeur footprint with 500 new jobs, $164 million investment

"Agriculture technology is one of the areas where St. Louis, because of the concentration of talent, has a competitive advantage"

Michael Calhoun
July 16, 2019 - 12:40 am

(Getty Images)

JEFFERSON CITY (KMOX) updated at 12:45 p.m. - Missouri Gov. Mike Parson announced Bayer will be moving its North American Crop Science Division to Creve Coeur, Mo. and making a total investment of more than $164 million to the area. 

It will create 500 new jobs and offer a starting salary of about $110,000, Parson told media in Jefferson City. 

You can watch the full statement here:

Donn Rubin of Bio STL, the accelerator program says the big growth by Bayer will only add to the area's life sciences momentum. 

"St. Louis has lost a lot of big, corporate headquarters over the last few decades, and whenever we hear another story like that we all get a little worried, a little concerned," he acknowledges. "But the reason that Bayer acquired Monsanto is because of the tremendous scientific enterprise that exists here in St. Louis."

There are more ag-tech professionals in this metro area, he says, than anywhere else in the world.

"Agriculture technology is one of the areas where St. Louis, because of the concentration of talent, has a competitive advantage over other regions of the United States," Rubin says.

Bayer, after the merger, decided to sell its campus in North Carolina and instead put its Crop Science base for North America at Monsanto's former headquarters in Creve Coeur. Bayer is also maintaining a research campus built by Monsanto in Chesterfield.

Gov. Parson last month traveled to Europe and met with leaders of multiple companies with operations in Missouri, including Bayer CEO Werner Baumann.

Rubin is pushing for Bayer to double-down and move even more life science functions to St. Louis.

"Let's not forget that Bayer is a big corporation with multiple divisions, not just agriculture, but also strengths in health care and pharmaceuticals," he says. "We hope that someday we will see a growing presence of that aspect of the corporation here as well."

St. Louis has a large health care presence, with industry players like Express Scripts and Centene, as well as pharmaceutical research at the likes of Pfizer and Confluence Discovery Technologies. Pfizer's local presence actually grew out of Searle, a former division of Monsanto.

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