Pro Food Systems Inc. is planning to add 43 jobs within the next five years at its operation in Holts Summit. The new headquarters will have three components: a breading and blending facility, a logistics service center and print companies. The company said it will invest $6 million dollars into the new headquarters.
Missouri Department of Economic Development Spokesperson John Fougere said the Department used tax credits and other incentives to encourage Pro Food Systems into expansion.
Several agricultural projects in Missouri are benefiting from a state grant program aimed at boosting the economies in rural areas of the state.
The Missouri Value-Added Grant Program announced this week that it’s granting $370,000 to six agricultural business projects across the state. The program is funded through the Missouri Agriculture and Small Business Development Authority (MASBDA) and gives funding based on creation and development in rural agricultural business.
What do these companies have in common? Yes, they're big companies, they employ a lot of people and they're successful. But here's one more thing--all of these companies were created in a period of economic downturn. The Fortune 500 is littered with stories like this.
Business Beat spoke with Maria Figueroa-Armijos who's one of the authors of a new study which suggests that certain types of entrepreneurs are on the rise and it’s not in spite of the recession--it’s because of it.