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Proposed Syngenta AG (SYT) Development Could Mean 100 New Jobs for RTP


6/19/2013 7:32:29 AM

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Syngenta could be in line for up to $375,000 in county incentives for a proposed expansion in the Research Triangle Park that could mean an additional 100 jobs and new construction. Syngenta, a Switzerland-based crop protection company, has its global headquarters for plant biotechnology in the park. Employees f here work to develop genetic traits for crops to help farmers fight drought or protect against insects. The Durham County Board of Commissioners will hold a public hearing Monday to consider whether to offer the company an incentive for a proposed second new phase of development in the park. The proposed incentive is for at least $275,000 that would be paid over a six-year period after construction of the project is complete, said Commissioner Ellen Reckhow. The proposal is tied to a commitment of 100 jobs from the company, she said. In addition, Reckhow said the package would also include the possibility of an additional $100,000 for the company that would be awarded depending on how many of the 100 hires are Durham County residents.

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