MAEDC NEWS

:: DEVELOPMENTS

Moberly Group Raising Equity for Crush Plant

Producer Tax Credit Helps Fuel Positive Early Results MOBERLY: When he heard story after story about non-GMO soybeans getting shipped to California for further processing, Jim Beckley, a farmer-producer from Clarence, saw an opportunity. As consumer demand for non-GMO foods continues its annual double-digit growth rate, many Missouri farmers have responded by switching to non-GMO crop production. However, there are no local marketplaces for non-GMO soybean processing, forcing most farmers to ship across the country. “We have an established built-in supply chain partner all around us,” Beckley said, referencing the members of the Premium Ag Products co-op headquartered in Clarence, which devo

Central State Enterprises of Missouri, Inc. has purchased assets and business of Qualico Precision P

Moberly, MO – Moberly Area Economic Development Corporation announced today that Central State Enterprises of Missouri, Inc. has purchased assets and business of Qualico Precision Products LLC. Qualico Precision Products employed 35 people at its manufacturing facility in Moberly, Missouri, and Central State Enterprises of Missouri plans to continue the acquired Qualico Precision Products manufacturing operations in Moberly. In addition to the purchase of Qualico Precision Products business and assets, the company plans to grow its operations in Moberly, Missouri. According to MAEDC President Corey Mehaffy, the company was impressed with the skilled, experienced workforce in Randolph County

An Investment with an Immediate Payback

MoberlyNaturalCrush awarded $1.5 million in Producer Tax Credits We are pleased to announce that MoberlyNaturalCrush has been approved an allocation of $1.5 million of New Generation Cooperative Tax Credits by the Missouri Agricultural and Small Business Development Authority (MASBDA). The allocation is contingent on the successful completion of its equity drive and formation of the company. This means that farmer-producer investor members will receive an immediate tax credit of between 37.5%-to-50% of their investment in MoberlyNaturalCrush. The percentage of the tax credit is based on the amount of equity raised through eligible farmer-producers. MoberlyNaturalCrush is targeting an equity

:: CATEGORIES
:: RECENT POSTS
Archive
Search By Tags
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

MOBERLY AREA ECONOMIC DEVELOPMENT CORPORATION

: : 115 North Williams, PO Box 549

: : Moberly, Missouri, United States 65270

: : 877-816-2332

: : info@moberly-edc.com

 

SUBSCRIBE TO OUR NEWSLETTER

  • Twitter
  • Facebook
  • LinkedIn
  • YouTube