STRAFFORD, Mo. (AP) — A division of Deere & Co. is breaking ground for a new facility in southwestern Missouri expected to create 55 jobs over five years.
Officials said Monday that the state is offering an economic incentives package that includes $511,000 in tax credits over the next five years. Gov. Jay Nixon attended a groundbreaking ceremony with company officials.
John Deere Reman produces remanufactured equipment components, such as engines, drive trains and compressors. The company already has a plant in northeastern Springfield.
The $14 million, 275,000-square-foot facility being built in nearby Strafford will serve as the central processing and storage location for Deere dealers around the country.
John Deere Reman officials say the new plant will help grow the company's remanufacturing business.