Vylor to spend $7M on new global corporate center in Pennsylvania

Pennsylvania Gov. Josh Shapiro announced biotech company Vylor, a company spun off global agriculture technology leader Corteva, would invest $7 million to open its Global Corporate Business Center in Pennsylvania.

The future advanced seed and genetics company will be spun off from Corteva in the fourth quarter of this year. Officials with the company said it will create a minimum of 130 new high-paying jobs over the next five years. Shapiro said the state will spend $3.5 million on the project, which will be established in Southeast Pennsylvania. Vylor has also committed to operating in Pennsylvania for at least 15 years, and will invest at least $10 million in an existing Research and Development facility near New Holland, Pa.

“We’re excited to locate our new Global Corporate Business Center in Pennsylvania to help grow the future of Vylor and strengthen the state’s strong ties to agriculture,” future Vylor CEO Chuck Magro said. “We look forward to working together in the shared belief that science and innovation will advance agriculture, build rural economies and help farmers feed and fuel a growing population.”

New advanced seed and genetics company Vylor will be anchored in elite germplasm and cutting-edge biotechnology with the aim of harnessing science and technology to help feed the world. The agriculture industry contributes more than $132.5 billion to the state’s economy each year.

“Intense swings in weather and temperatures bring increased risk of pest damage from weakened root systems and warming soil,” Pennsylvania Agriculture Secretary Russell Redding said. “Responsibly developed seed treatments are an important tool for farmers in targeting pest control with fewer chemicals while increasing yields, and lowering costs. Attracting businesses that use innovative technology to solve real problems is a sound investment in Pennsylvania agriculture.”